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Gas Boom Means U.S. Exports Grow Fastest Rate Since ’70s: Energy

Bloomberg -- The natural gas glut that’s straining drillers is creating a bonanza for pipeline operators, spurring the biggest increase in exports to Mexico and Canada since the 1970s.

Kinder Morgan Energy Partners LP (KMP), the biggest U.S. pipeline company, and its rivals are planning to add 2.4 billion cubic feet a day of export capacity within three years, or enough gas to heat 32,000 U.S. homes. That’s a 58 percent increase on this year’s total, which in turn was up 34 percent from 2011.

As politicians debate the benefits of liquefied natural gas exports, which are carried in tankers, the pipeline industry is building lines to Canada and Mexico more quickly and cheaply, investing less than $2 billion for all six projects. The only fully permitted LNG export plant planned for the lower-48 s

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Submitted Nov 01, 2012 By: aservant

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WalkingWV Champion Author West Virginia Posts:3,701 Points:779,595 Joined:May 2008	Message Posted: Nov 1, 2012 10:55:24 PM Ignore WalkingWV Report Abuse Exporting so much, while claiming shortage at home and raising the price.
darkform Veteran Author Illinois Posts:352 Points:370,235 Joined:May 2011	Message Posted: Nov 1, 2012 3:47:50 PM Ignore darkform Report Abuse Its would surely be a good thing for us to be an exporter of oil, as long as the oil companies dont get too greedy and we here dont pay excessive prices. But I know that will not happen.
deputydog082 Champion Author Detroit Posts:1,795 Points:662,270 Joined:Apr 2011	Message Posted: Nov 1, 2012 11:46:50 AM Ignore deputydog082 Report Abuse good for us for a change
doctorindyj Champion Author Santa Fe Posts:3,463 Points:841,760 Joined:Nov 2009	Message Posted: Nov 1, 2012 10:46:33 AM Ignore doctorindyj Report Abuse Well I'm glad for the jobs and the improvement of the economy I'm also torn as to why we can't just help ourselves just a little instead of exporting massively. We should put that surplus to better use as peabeax55 said, invest in the infrastructure.
fuel2use Champion Author Seattle Posts:3,493 Points:734,300 Joined:Dec 2010	Message Posted: Nov 1, 2012 10:06:30 AM Ignore fuel2use Report Abuse The economy improves.
teenitup Champion Author Houston Posts:1,670 Points:251,135 Joined:Sep 2012	Message Posted: Nov 1, 2012 9:49:48 AM Ignore teenitup Report Abuse Export is good for our economy.
peabeax55 All-Star Author Atlanta Posts:713 Points:185,515 Joined:Mar 2012	Message Posted: Nov 1, 2012 9:10:23 AM Ignore peabeax55 Report Abuse Try NatGas, You'll like it. Good luck. Use the profits to develop ways to use it here in the US. Build infrastructure.
oilfreak All-Star Author Houston Posts:687 Points:36,885 Joined:Oct 2012	Message Posted: Nov 1, 2012 8:32:48 AM Ignore oilfreak Report Abuse I hope it helps the economy in the long run.
AVKZ All-Star Author Kalamazoo Posts:851 Points:295,000 Joined:Apr 2012	Message Posted: Nov 1, 2012 8:18:55 AM Ignore AVKZ Report Abuse Show me the money!
humblepie Champion Author Toledo Posts:34,297 Points:2,373,320 Joined:Mar 2006	Message Posted: Nov 1, 2012 7:53:51 AM Ignore humblepie Report Abuse i wish our northern neighbors a warm winter
335d1 Champion Author Virginia Posts:2,391 Points:760,995 Joined:Feb 2011	Message Posted: Nov 1, 2012 7:19:03 AM Ignore 335d1 Report Abuse Good news.
gs7101 Champion Author San Antonio Posts:5,533 Points:389,120 Joined:Jun 2009	Message Posted: Nov 1, 2012 7:13:38 AM Ignore gs7101 Report Abuse Noted.
dandvicb Champion Author Bridgeport Posts:1,237 Points:1,077,930 Joined:Jul 2004	Message Posted: Nov 1, 2012 6:42:52 AM Ignore dandvicb Report Abuse keep it here.
grandamgt1 Champion Author Illinois Posts:2,356 Points:1,242,275 Joined:Apr 2008	Message Posted: Nov 1, 2012 5:07:24 AM Ignore grandamgt1 Report Abuse And I was wishing for a decent heating bill for Christmas!
djgunrunner Champion Author Salt Lake City Posts:10,109 Points:2,350,555 Joined:Apr 2005	Message Posted: Nov 1, 2012 2:50:59 AM Ignore djgunrunner Report Abuse We should be using more Natural Gas in America. We should be using it in our vehicles. Dodge Ram has started building Natural Gas bi fuel trucks that were at first going to industry only but now are going to be on the market for the general public. This is a great start especially for Chrysler Corp. who has been tail end charlie in the auto industry for way too long. Now we need to see if they are smart enough to put the same engine in the Chrysler 300's and the Dodge Durango's and have the 8 speed transmission in both of them. We need to break the back of gasoline in America in order to really achieve fuel independence.
ricebike Champion Author New Jersey Posts:10,043 Points:1,857,670 Joined:Oct 2005	Message Posted: Nov 1, 2012 1:59:23 AM Ignore ricebike Report Abuse wait, were exporting instead of lowering our prices?
leeac Champion Author Ohio Posts:1,606 Points:435,855 Joined:Jan 2012	Message Posted: Nov 1, 2012 1:45:00 AM Ignore leeac Report Abuse Thank-you, , President Obama.
afghaned Champion Author Hamilton Posts:11,827 Points:1,288,085 Joined:May 2004	Message Posted: Nov 1, 2012 1:36:59 AM Ignore afghaned Report Abuse Home use is best but greed drives exporting.
Buddy2264 Champion Author Tampa Posts:11,664 Points:2,361,920 Joined:Oct 2005	Message Posted: Nov 1, 2012 1:34:31 AM Ignore Buddy2264 Report Abuse What about moving it into the US northeast to offset the use of fuel oil there. I hope we find more uses for it right at home....in the US.
TXRanger09 Champion Author Dallas Posts:2,515 Points:893,105 Joined:May 2009	Message Posted: Nov 1, 2012 1:33:56 AM Ignore TXRanger09 Report Abuse This has got to help balance our trade deficit.
arinkrat17 Champion Author Twin Cities Posts:6,299 Points:1,333,425 Joined:Aug 2009	Message Posted: Nov 1, 2012 1:31:40 AM Ignore arinkrat17 Report Abuse ok
hank1326 Champion Author Los Angeles Posts:8,919 Points:1,735,535 Joined:Jun 2008	Message Posted: Nov 1, 2012 1:31:07 AM Ignore hank1326 Report Abuse Time will tell the truth.
BCM1 Champion Author Pennsylvania Posts:1,864 Points:782,995 Joined:Jun 2007	Message Posted: Nov 1, 2012 1:27:33 AM Ignore BCM1 Report Abuse Hope we can get a better handle on our balance of trade.
Gary9696 Champion Author Detroit Posts:1,124 Points:230,705 Joined:Jul 2008	Message Posted: Nov 1, 2012 1:23:49 AM Ignore Gary9696 Report Abuse Good something wanted by neighboring countries that we have a large supply of.
krobp46 Champion Author Milwaukee Posts:2,721 Points:543,045 Joined:Sep 2011	Message Posted: Nov 1, 2012 1:21:06 AM Ignore krobp46 Report Abuse No Thanks to the Odumbo Administration
N5EXY Champion Author Austin Posts:5,502 Points:1,512,030 Joined:Jul 2004	Message Posted: Nov 1, 2012 1:20:48 AM Ignore N5EXY Report Abuse Did the Bozama campaign write this article?
badharley Champion Author Tampa Posts:1,035 Points:742,260 Joined:Jul 2010	Message Posted: Nov 1, 2012 1:20:32 AM Ignore badharley Report Abuse Thats good?
TBONE3 Champion Author Pennsylvania Posts:8,756 Points:1,978,600 Joined:Mar 2005	Message Posted: Nov 1, 2012 1:19:19 AM Ignore TBONE3 Report Abuse Great to have POSITIVE NEWS on exports for a change.
vulcan96 Champion Author Ohio Posts:26,931 Points:3,105,625 Joined:Aug 2004	Message Posted: Nov 1, 2012 1:17:54 AM Ignore vulcan96 Report Abuse we need to be using as much as possible NOW, before the price tripples...
kd5kpd Champion Author Texas Posts:3,747 Points:1,418,675 Joined:Apr 2006	Message Posted: Nov 1, 2012 1:13:41 AM Ignore kd5kpd Report Abuse Need to keep our prices down before exporting.
roadrunnerMO Champion Author Kansas Posts:8,416 Points:1,701,415 Joined:Jul 2008	Message Posted: Nov 1, 2012 1:13:34 AM Ignore roadrunnerMO Report Abuse Business is business and the politicians failed to allow the pipeline to the gulf from out of Canada. Hope the messiah loses his job over that and all the other blunders of the past 4 years.
btex49 Champion Author Austin Posts:2,730 Points:533,030 Joined:Aug 2011	Message Posted: Nov 1, 2012 1:13:24 AM Ignore btex49 Report Abuse Good read. Also, can't wait to see the new CNG Dodge Ram 2500s.
mrjames1818 Champion Author New Jersey Posts:1,555 Points:2,000,045 Joined:Mar 2004	Message Posted: Nov 1, 2012 1:13:19 AM Ignore mrjames1818 Report Abuse Help our economy even more and tax the exports
lou30 Sophomore Author Miami Posts:187 Points:322,940 Joined:Mar 2011	Message Posted: Nov 1, 2012 1:12:11 AM Ignore lou30 Report Abuse I thought energy was expensive here, I wonder how bad it must be in those countries.
must87searcher Champion Author Maryland Posts:8,990 Points:1,782,360 Joined:Apr 2008	Message Posted: Nov 1, 2012 1:11:18 AM Ignore must87searcher Report Abuse Exporting is one way to stay up in competition in the market of world trade, just like China and India do.
RENEGADEGAS Champion Author Missouri Posts:14,924 Points:1,593,175 Joined:Jul 2008	Message Posted: Nov 1, 2012 1:09:38 AM Ignore RENEGADEGAS Report Abuse Hate to see it all being exported, but other areas are willing to pay a higher price. Thats business. [Edited by: RENEGADEGAS at 11/1/2012 1:11:18 AM EST]
Ron77095 Champion Author Houston Posts:3,070 Points:604,625 Joined:Sep 2011	Message Posted: Nov 1, 2012 1:09:17 AM Ignore Ron77095 Report Abuse ok.
Bruno44 Champion Author Texas Posts:7,085 Points:1,770,145 Joined:Sep 2007	Message Posted: Nov 1, 2012 1:07:43 AM Ignore Bruno44 Report Abuse Yes, good news.
DirtDauber Champion Author San Antonio Posts:6,791 Points:1,629,410 Joined:Nov 2005	Message Posted: Nov 1, 2012 1:06:42 AM Ignore DirtDauber Report Abuse Why did it take so long?
MightyDude Champion Author Minnesota Posts:10,360 Points:2,650,695 Joined:Mar 2003	Message Posted: Nov 1, 2012 1:06:20 AM Ignore MightyDude Report Abuse good news!
Glock26 Champion Author Dayton Posts:1,534 Points:634,335 Joined:Mar 2011	Message Posted: Nov 1, 2012 1:03:26 AM Ignore Glock26 Report Abuse Interesting!!!
unclenorman Champion Author Tampa Posts:1,353 Points:141,225 Joined:Jan 2012	Message Posted: Nov 1, 2012 1:02:47 AM Ignore unclenorman Report Abuse Are domestic supplies suffering?
Rooster922 Champion Author Wilmington Posts:3,798 Points:658,020 Joined:Jan 2009	Message Posted: Nov 1, 2012 12:57:33 AM Ignore Rooster922 Report Abuse Yes.
WebGabe Champion Author Pennsylvania Posts:2,379 Points:498,570 Joined:Jun 2007	Message Posted: Nov 1, 2012 12:56:56 AM Ignore WebGabe Report Abuse Ok.
bills299 Champion Author Atlanta Posts:3,376 Points:906,440 Joined:May 2005	Message Posted: Nov 1, 2012 12:51:36 AM Ignore bills299 Report Abuse ok!
MopedTime All-Star Author Michigan Posts:769 Points:362,035 Joined:Mar 2012	Message Posted: Nov 1, 2012 12:45:39 AM Ignore MopedTime Report Abuse Just make sure we have enough for ourselves.
letterchunker Champion Author Texas Posts:2,245 Points:667,675 Joined:Aug 2008	Message Posted: Nov 1, 2012 12:43:15 AM Ignore letterchunker Report Abuse Great news
10k Champion Author North Carolina Posts:21,269 Points:2,255,970 Joined:May 2006	Message Posted: Nov 1, 2012 12:42:59 AM Ignore 10k Report Abuse DHAN..
shores4now Champion Author Kentucky Posts:2,416 Points:525,750 Joined:Jul 2009	Message Posted: Nov 1, 2012 12:42:09 AM Ignore shores4now Report Abuse Great
chuckwthompson Champion Author Charlotte Posts:3,765 Points:579,135 Joined:Sep 2011	Message Posted: Nov 1, 2012 12:41:41 AM Ignore chuckwthompson Report Abuse NO GAS EXPORTS!