Industrial groups: This pace of natural gas export approvals is moving dangerously quickly, or something

posted at 4:41 pm on January 10, 2014 by Erika Johnsen

Yes, because the four total permit applications to export natural gas to countries with which we do not already have specialized free-trade agreements that the Obama administration has approved in the five years of their tenure is just much-too-much of a breakneck bureaucratic speed, never mind the almost two dozen other applications still waiting in line. We should probably arbitrarily slow down that pace even further, just to be on the safe side. …So argue the chemical and manufacturing interests that would prefer to keep natural gas prices artificially low even at the expense of job- and wealth-creation for all Americans, anyway:

Some large manufacturers that use natural gas say the department is moving too quickly to approve gas exports, pushing the United States into a “danger zone” that could raise prices and harm the economy. …

Industry groups, meanwhile, say the administration is moving too slowly, with just one of nearly two dozen proposed LNG export terminals given final approval in the past two years. Four other projects have received conditional backing.

“The Department of Energy’s slow-walk of LNG export licenses violates our trade obligations” and could cause the U.S. to lose billions of dollars in the global gas market, said Margo Thorning, director of the Act on LNG campaign, an advocacy group that supports gas exports. …

 Major companies, including Dow Chemical Co., aluminum producer Alcoa Inc. and steelmaker Nucor Corp., are working together as members of America’s Energy Advantage to limit exports. The group argues that the Energy Department has no legal standards for approving exports and is using a flawed study to support its finding that such projects are in the public interest.

Puh-lease. The ostensibly “flawed” study to which these groups are referring is the one the DOE commissioned on the net economic impact that allowing greater free trade would have on the United States — but the only thing “flawed” about it is that it concluded doing so would be a gigantic economic win, much to these industrial interests’ chagrin.

The White House, most fortunately, has at least kept an open mind about allowing for more natural gas exports as well as the possibility of lifting the crude-oil export ban, and they just announced a new executive “Quadrennial Review” to examine and update America’s energy infrastructure that proponents hope the administration will shortly use to start finding reasons to indeed open up the oil and gas industry to the wider economic benefits of the global market (although, the flip side of that is that I’m sure they will also use it to justify their anti-coal and renewables agendas too, so… wash).


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….there’s a pic of our next president!…thanks eventually to our nations astute voters

KOOLAID2 on January 10, 2014 at 4:55 PM

“The Department of Energy’s slow-walk of LNG export licenses violates our trade obligations” and could cause the U.S. to lose billions of dollars in the global gas market, said Margo Thorning, director of the Act on LNG campaign, an advocacy group that supports gas exports. …

Puh-lease…The White House, most fortunately, has at least kept an open mind about allowing for more natural gas exports…

At this point, I think Barack Obama is doing all he can to thwart US success in every area of our nation he can affect or deploy his associates to harm. By any means possible.

Lourdes on January 10, 2014 at 4:55 PM

…we all need to suffer!

KOOLAID2 on January 10, 2014 at 4:57 PM

Why does the Sec of Energy Look like the host of a children’s Saturday morning TV program?

Wallythedog on January 10, 2014 at 5:12 PM

Why does the Sec of Energy Look like the host of a children’s Saturday morning TV program?

Wallythedog

He kind of looks like one of the Animaniacs.

chimney sweep on January 10, 2014 at 5:23 PM

I thought Tiny Tim was dead.

CurtZHP on January 10, 2014 at 5:29 PM

Why does the Obysmal administration have so many people in high places who appear to be gender ambiguous?

onlineanalyst on January 10, 2014 at 5:36 PM

The idea should be to cut off ALL the rent-seeking parasites, be they established industries or welfare fakers.

Adjoran on January 10, 2014 at 5:42 PM

If we don’t subsidize anyone, no one gets an unfair advantage. All are equal before the law, as our system intended.

All those who currently feed at the gravy trough will scream and bleat bloody murder, but it’s for the best.

Adjoran on January 10, 2014 at 5:43 PM

man the boom that can occur once these clowns are gone…but there is some real comfort knowing Capt. Kangaroo is on board for now. Can I get a witness?

DanMan on January 10, 2014 at 5:43 PM

It’s the Quaker Oats man.

bluegill on January 10, 2014 at 6:43 PM

It is when natural gas spot prices stayed above $5/MMBTU that methanol and ammonia plants began to be shuttered en masse. Henry Hub is at $4.53 right now.

While this does not help natural gas producers, there are many more construction and fulltime jobs from petrochemicals manufacturing than export terminals.

Kermit on January 10, 2014 at 7:17 PM

My error. When the price stayed above $4 per MMBTU, methanol and ammonia (fertilizer) plants started shuttering, being dismantled and shipped to Pakistan, China & India. When the price stayed above $7 per MMBTU, plastics, soaps/deterrents and other plants started shutting down.

Kermit on January 10, 2014 at 7:28 PM

Say,didn’t that guy sell paint a while back?

iurockhead on January 11, 2014 at 12:20 PM