The push to export natural gas stems from the fact that the country now has too much of it. Thanks to the fracking-led energy boom, U.S. natural gas prices have collapsed. The flow of gas from many recently drilled wells has actually been shut off, as pumping it out costs more than the gas can be sold for.
Prices in other parts are the world aren't nearly so low. In Europe, they are three times higher than in the United States. In Japan they're nearly five times as high. That offers an incredible incentive for energy companies to put their gas on a ship and send it abroad.
YOUR OIL AND GAS COMPANIES: SOLVING THE LOW PRICE PROBLEM.
No comments:
Post a Comment