Surprise: Long-awaited report finds that exporting nat gas will boost economy

posted at 4:21 pm on December 5, 2012 by Erika Johnsen

There are several different industries, lobbies, and unions with dogs in the “should we export more natural gas?” fight, and as the Obama administration is wont to do when multiple parties are clamoring for them to make a politically difficult decision, they decided to punt on the issue until after the election.

Right now, the federal government has holds placed on liquified natural gas (LNG) exports to countries with which we don’t have special free-trade agreements. The administration was purportedly waiting on a DOE-commissioned report on whether natural-gas exports would be in the ‘national interest’ (heh, as if that was ever really the issue at hand). The report was originally meant to be finished months ago, but got conveniently delayed until after the election and has only just been released. The findings? Shocka’:

A major study commissioned by the Energy Department (DOE) concludes that expanding natural gas exports would be an economic win for the U.S., a finding that provides a political boost to lawmakers and companies pushing for approval of several applications.

“Across all these scenarios, the U.S. was projected to gain net economic benefits from allowing [liquefied natural gas] exports. Moreover, for every one of the market scenarios examined, net economic benefits increased as the level of LNG exports increased,” states the report from NERA Economic Consulting released Wednesday.

“In particular, scenarios with unlimited exports always had higher net economic benefits than corresponding cases with limited exports,” it adds.

DOE has been waiting on the study as it weighs over a dozen applications to export gas from the Gulf Coast, Oregon and other areas to nations that do not have free-trade agreements with the U.S.

One of Democrats’ and environmentalists’ main arguments against allowing the increased export of natural gas to meet the robust international demand has been the possibility of jacked-up prices — but who’s going to be charging those higher prices, and subsequently receiving those profits? We will, if we’re smart enough to allow American businesses to take advantage of our abundant natural resources, creating jobs and wealth along the way.


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Comments

We can’t let this happen…it makes too much sense…

PatriotRider on December 5, 2012 at 4:24 PM

This is a disaster, this will help the economy…don’t fall for it, it’s a trap…

right2bright on December 5, 2012 at 4:27 PM

bho/epa/salazar does not approve! They are the only ones who say who makes money and where the money goes!
L

letget on December 5, 2012 at 4:30 PM

Exports boost the economy?

That can’t be right. What boosts the economy is kickbacks to Obama donors.

malclave on December 5, 2012 at 4:36 PM

They had to do a study to determine if an export was good for the economy ?
Really ?
How long it take ‘em to figure this out ?

Jabberwock on December 5, 2012 at 4:36 PM

Oblahblah to put the kibosh to this lickety split…

Seven Percent Solution on December 5, 2012 at 4:36 PM

Surprise: Long-awaited report finds that exporting nat gas will boost economy

Well for the love of Allah somebody better get the EPA to shut that down right now. Wouldn’t want to boost the economy while Obama is busy setting it on fire now would we.

SWalker on December 5, 2012 at 4:36 PM

Scenario 1: DOE Study finds natural gas exports to nations that do not have free-trade agreements with the U.S is good.

Conservatives RAGE!!!

Scenario 2: DOE Study finds natural gas exports to nations that do not have free-trade agreements with the U.S is not good.

Conservatives RAGE!!

lester on December 5, 2012 at 4:43 PM

I’m sure some spotted owl or grey haired tit mouse will put a halt to this barbaric practice.

D-fusit on December 5, 2012 at 4:43 PM

Wanna bet that only a few (conservative)websites even publish this info and the MSM/LSM hides it from their viewers? Can’t screw up the O message now can they???? (sarc)

CoffeeLover on December 5, 2012 at 4:45 PM

lester on December 5, 2012 at 4:43 PM

Do you have to practice being this dumb, or does it come naturally to you?

D-fusit on December 5, 2012 at 4:45 PM

but who’s going to be charging those higher prices, and subsequently receiving those profits? We will, if we’re smart enough to allow American businesses to take advantage of our abundant natural resources, creating jobs and wealth along the way.

Profits are evil, according to Dear Liar.

rbj on December 5, 2012 at 4:45 PM

Surprise: Long-awaited report finds that exporting nat gas will boost economy

.
Well for the love of Allah somebody better get the EPA to shut that down right now. Wouldn’t want to boost the economy while Obama is busy setting it on fire now would we.

SWalker on December 5, 2012 at 4:36 PM

.
I don’t doubt that they already had their response to this “expected news”, planned out in advance.
“Something vague” will be discovered, that will make the exporting of LNG a “bad idea”, and on that basis it will be prohibited.

listens2glenn on December 5, 2012 at 4:48 PM

Of course this is good, but they can’t get natural gas to my house, how do you think we are going to export it? Exporting Oil is easier, and there would be plenty, where is the study that says drilling for OIL and exporting oil would be good for our economy.

Be careful what you cheer for,if the DOE planted this study here now, there is a reason.

Lets use the natural gas at home, and encourage this industry and the break out of natural gas to some transportation and energy uses…like generating electricity.

who’s going to be charging those higher prices, and subsequently receiving those profits? We will,

I am not in favor of higher prices, I am in favor of plentiful supply, and THEN you export it. Right now we could use cheaper energy costs for our own electricity. I have read before that by changing some trucks to natural gas, it frees up regular gas to help with the price of oil based gas.

The DOE does not need to study to find out that our country will profit from additional drilling for oil…or for natural gas. What were they studying???

Fleuries on December 5, 2012 at 4:50 PM

Conservatives RAGE!!

lester on December 5, 2012 at 4:43 PM

The RAGE is due to the fact that the DOE needed to have an independent ( Middle school economics model ) study done to come to it’s conclusion.

Jabberwock on December 5, 2012 at 4:51 PM

Conservatives RAGE!!

lester on December 5, 2012 at 4:43 PM

mo-lester, so are you pro fracking or anti fracking?

the_nile on December 5, 2012 at 4:54 PM

lester is always a gnatbrain, but kind of fun to have around.

Obama doesn’t want to boost the economy, stupid!

More leftist insanity

Schadenfreude on December 5, 2012 at 5:00 PM

More leftist insanity

Schadenfreude on December 5, 2012 at 5:00 PM

ROTFLMAO… What were you expecting, Less Leftist insanity??? ;p

SWalker on December 5, 2012 at 5:16 PM

lester on December 5, 2012 at 4:43 PM

Scenario 3:

Liberals RAGE!

(because they prefer rage to integrity)

malclave on December 5, 2012 at 5:20 PM

It will? Errr, whut? Well I’ll be. But, won’t it cause the extinction of the Warbly Banded Snow Rat?

jake49 on December 5, 2012 at 5:24 PM

Wait wait wait…lemme get this straight…are you saying that Capitalism actually works?

DeathtotheSwiss on December 5, 2012 at 5:54 PM

Drill Baby Drill !

Anyone else remember all that Tea Party momentum going into and coming out of the 2010 elections before DC fossils Beltway Boehner and Mendacious McConnell completely squandered it?

viking01 on December 5, 2012 at 6:15 PM

I don’t think they’ll outright not let it happen. They’ll just regulate the process to death. A 50 step permitting and approval process from 10 different offices should do the trick! Just ask the oil drillers. Even though a judge told the Administration to knock it off.

RadioAngel on December 5, 2012 at 6:16 PM

lester on December 5, 2012 at 4:43 PM

mo-lester, so are you pro fracking or anti fracking?

the_nile on December 5, 2012 at 4:54 PM

…he likes frucking himself!

KOOLAID2 on December 5, 2012 at 8:15 PM

Surprise: Long-awaited report finds that exporting nat gas will boost economy

Sure, but whose economy?

Dr. ZhivBlago on December 5, 2012 at 9:16 PM

I’m a Sr. Natural Gas Analyst. I respectfully submit that the question posed to DOE was a loaded one. Why on earth would we want to send our natural gas abroad to benefit multi-national exporters and raise North American prices in the process? Sure we’ll add a few thousand jobs, but the cost of increased domestic gas prices would far outstrip those benefits. Natural gas prices in the UK are $10 and Japan is at $17. Ours are at $3… these lower feed-stock costs benefits DOMESTIC INDUSTRIES AND CONSUMERS and is what could make us competitive as a nation.

I suggest the Gov’t help to establish natural gas for domestic transportation. Cheaper transportation fuel prices would result… AND our trade surplus would benefit significantly by reduced oil imports and lower gasoline prices.

I’m not surprised that NERA/DOE answered the narrow question of “Send LNG away?” OR “Do nothing with the gas?” the way they did.

What they failed to do, what was purposely left out of the analysis, was to consider rational alternatives.

RedManBlueState on December 6, 2012 at 12:13 PM