#1218572 - 06/04/1005:50 PM
Re: Hoop on CNN tonight!
[Re: chris med]
John from Madison CT
OffshoreFishingGear.com
Registered: 06/28/02
Posts: 15927
Loc: Old Saybrook (formerly Madison...
The problem with exporting NG again is our infrastucture. You need to liquify it, and transportation costs are approx. $3MBtu, so if it's $5 here and you add the transportation costs, sell at $8, then there's no profit. Nix that idea.
We also compete against middle East NG which is often burned off as a waste product, or sold at under $1 MBtu.
Put in sufficient LNG infrastruture and you can turn NG into much more of a Global product.