Oh snap! There goes more of our domestic–national energy security–fracked natural gas.
State-run Qatar Petroleum International owns 70% of Golden Pass, a company the Energy Department just granted a permit to liquify U.S. domestic fracked gas for export from their terminal in Texas. The other 30% is owned by Exxon Mobil.
We have this so-called “clean energy” that was supposed to supply us with energy security and cheap energy for decades to come. We had no worries other than the staggering environmental and health consequences of this extraction method: water depletion and contamination, air pollution, toxins on our land and ruination of farmland and special places. But it was cheap! Right?
In July that cheap gas averaged $2.96 MBTU in the U.S. while natural gas in Japan brought $18.07 in July.
So our fracked gas is going to Asia because it was never about anything but profit for the fracking mafia. But all the other stuff that comes with the fracked gas,–the staggering environmental and health consequences of this extraction method: water depletion and contamination, air pollution, toxins on our land and ruination of farmland and special places–that stays here in the U.S.
Oh! And the price of our gas will go way up.
Extraction colony r U.S.
I forgot to include the link: Qatar, Exxon venture wins first U.S. LNG export permit
Bloomberg News | Oct 4, 2012 1:22 PM ET