Just to give you an idea of how deep the bull$hit is surrounding natural gas, they plan to export our energy independence and national security. That way they get relief from the gas bubble and drive those low prices back up.
He said the U.S. by then could have in place an infrastructure for conversion of natural gas to liquid form, potentially for use as a motor fuel, and for export to foreign countries as liquefied natural gas (LNG).
Monday, Macquarie Energy and Freeport LNG announced plans to jointly develop a $2 billion project to liquefy, market and export 1.4 BCF gas/day.
U.S. has surprisingly become a significant energy exporter…There’s another area for potential growth — natural gas. Just a few years ago, companies were building terminals along the coast to facilitate the importation of clean- burning liquefied natural gas or LNG
“Within a decade,” Mr. Forbes said, “the U.S. will be a major natural gas exporter.” And China will be a major importer…”
Within a decade or so, North America will almost certainly emerge as the world’s biggest supplier and exporter of reasonably cheap energy.
If Freeport and Macquarie are able to sign up customers committed to buying the LNG for up to 20 years, they will use those commitments to fund the project through U.S. debt markets
…ship some of that LNG back overseas because of overproduction of the fuel in the U.S
Okay, there is a lot more but I’m tired of this. Just think of all the drilling and fracking and pipelines and compressor stations and collection facilities and processing plants and etc., it will take to support all that exportation of our energy independence.