Drumbeat: December 12, 2012

theoildrum.com 12 Dec '12, 2pm

Drumbeat: December 12, 2012

As I noted a few weeks ago, shale gas will add about 0.5% to the growth of US GDP next year, in a year when we will be lucky to get 2%. This is a huge driver of jobs and growth. And it is not just in North Dakota; there are shale gas plays all over the US and Canada. Continental Resources announced a major new shale gas field in Oklahoma in October, comparing its geology to that of the Bakken. The US will be exporting natural gas within 3-4 years from McAllen, Texas, and other LNG ports are in various stages of permitting. Natural gas in Japan is over $15, compared to $3.78 this morning in the US. Europe is in double digits ($11.83). There is an arbitrage available here. Even an economist can do the math. But our real advantage may not come in exporting raw gas but rather in the chemical products you need gas to make. Not just fertilizers but feedstocks for plastics and ot...

Full article: http://www.theoildrum.com/node/9703

Tweets

@LiemodeBoer » 12 Dec '12, 9pm
US to exp nat gas in 3-4yrs. US LNG ports in var stage of permit. Nat gas Japan >$15 Europe $11.83 US $3.78 [link] #jobdriver
@itanksknowledge » 12 Dec '12, 9pm
Drumbeat: December 12, 2012 /read in @feedly [link]
@GroenWerkt » 12 Dec '12, 7pm
#oildr Drumbeat: December 12, 2012 #mlfeeds: Total: Oil Production to Peak at 98M Barrels per Day PARIS - New di... [link]
@kirillklip » 12 Dec '12, 5pm
RT @CommoditiesSJ: Drumbeat: December 12, 2012: Total: Oil Production to Peak at 98M Barrels per Day PARIS - New discoveries and te... [link]
@OzoneActionHero » 12 Dec '12, 2pm
As always, a good read to go with the morning coffee. RT @TheOilDrum Drumbeat: December 12, 2012 [link]
@jpgseva » 12 Dec '12, 2pm
#energy #oil Drumbeat: December 12, 2012 [link] - @TheOilDrum
@EnergySysNews » 12 Dec '12, 2pm
[oilbarrel] Drumbeat: December 12, 2012: Total: Oil Production to Peak at 98M Barrels per Day PARIS - New discov... [link]
@cfroyalty » 12 Dec '12, 2pm
Drumbeat: December 12, 2012: Total: Oil Production to Peak at 98M Barrels per Day PARIS - N... [link] [link]
@openib » 12 Dec '12, 2pm
Drumbeat: December 12, 2012: Total: Oil Production to Peak at 98M Barrels per Day PARIS - New discoverie... [link] #iSolar
@bigpicturetv » 12 Dec '12, 2pm
The Oil Drum: Drumbeat: December 12, 2012: Total: Oil Production to Peak at 98M Barrels per Day PARIS - New disc... [link]
@waynemaceyka » 12 Dec '12, 2pm
via @TheOilDrum: Drumbeat: December 12, 2012: Total: Oil Production to Peak at 98M Barrels per Day PARIS - New d... [link]
@komaliaint » 12 Dec '12, 2pm
Drumbeat: December 12, 2012: Total: Oil Production to Peak at 98M Barrels per Day PARIS - New discoveries and te... [link]
@TheOilDrum » 12 Dec '12, 2pm
Drumbeat: December 12, 2012 [link]
@fixfrankenstein » 12 Dec '12, 2pm
via @TheOilDrum: Drumbeat: December 12, 2012: Total: Oil Production to Peak at 98M Barrels per Day PARIS - New d... [link]
@WeBuyWasteOil » 12 Dec '12, 2pm
Drumbeat: December 12, 2012 [link] [link]