Drumbeat: June 18, 2012

theoildrum.com 18 Jun '12, 1pm

Drumbeat: June 18, 2012

"Greed and ingenuity in US turns drillers into gas-price killers" Once again the cornucopians are in a feeding frenzy. For those unaware the US is the leading producer of NG on the planet. The title flips back and forth between us and Russia. These two countries produce almost half the NG on the planet and have done so for many decades. There has been no significant change in the import or export volumes for many years. We import about 15% of our consumption but also export about 5% of our production. So why does the US export NG while importing it at the same time? Simple answer: the "US" neither imports nor exports NG. Companies do. And depending on local logistics and pipeline infrastructure it can be more profitable to import and export. IOW it's a local phenomenon and not an indication of NG availability. If a NY utility can buy cheaper NG from a Canadian source than ...

Full article: http://www.theoildrum.com/node/9271

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@TetyanaHakansso » 18 Jun '12, 3pm
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The Oil Drum | Drumbeat: June 18, 2012: The price trigger for all this innovation may have disappeared,... [link] #asematy
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#oildr Drumbeat: June 18, 2012 #mlfeeds: Greed and ingenuity in US turns drillers into gas-price killers The US,... [link]
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[oilbarrel] Drumbeat: June 18, 2012: Greed and ingenuity in US turns drillers into gas-price killers The US, whi... [link]
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Drumbeat: June 18, 2012: Greed and ingenuity in US turns drillers into gas-price killers Th... [link] [link]
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Drumbeat: June 18, 2012: Greed and ingenuity in US turns drillers into gas-price killers The US, which o... [link] #iSolar
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The Oil Drum: Drumbeat: June 18, 2012: Greed and ingenuity in US turns drillers into gas-price killers The US, w... [link]
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via @TheOilDrum: Drumbeat: June 18, 2012: Greed and ingenuity in US turns drillers into gas-price killers The US... [link]
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Drumbeat: June 18, 2012: Greed and ingenuity in US turns drillers into gas-price killers The US, which once comb... [link]
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Drumbeat: June 18, 2012: Greed and ingenuity in US turns drillers into gas-price killers The US, which once comb... [link]
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