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The coming battle over natural gas

Financial Post -- From co-dependent natural gas consumers and developers, Canada and the United States may soon be competing with each other as both countries start advancing their production plans for liquefied natural gas (LNG).

“I think there is a sense of competition at the moment between the U.S. and Canada for the [Asian] market,” said Noel Tomnay, head of global gas at Wood Mackenzie, an energy research and consulting firm.

Rising natural gas production on both sides of the border, coupled with benchmark Henry Hub prices tracking 31-year lows, are forcing North American producers to find growing markets willing to pay more.

“Currently, the U.S. is clearly advantaged because it has the existing infrastructure,” Mr. Tomnay said.


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Submitted Apr 06, 2012 By: dasAuto
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: The coming battle over natural gas Back to Topics
REPLIES (newest first) Post a Reply
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Car54BC08
Champion Author British Columbia

Posts:6,341
Points:1,951,510
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Message Posted: Apr 6, 2012 12:14:51 PM

Just because there is a large supply of natural gas doesn't mean you have to use it all up ASAP.
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jamieg2012
Veteran Author Sioux Falls

Posts:286
Points:11,385
Joined:Jan 2012
Message Posted: Apr 6, 2012 12:14:47 PM

if the economy of a natural gas car would be better than other fuels i would drive a natural gas car

i just need to know the fuel economy and if it gets high enough to make it worth buying
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TheDix
Champion Author Ontario

Posts:3,530
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Message Posted: Apr 6, 2012 12:14:40 PM


Better get Fracking.
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bluebird1
Champion Author Toronto

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Message Posted: Apr 6, 2012 12:14:38 PM

Gee, I guess we'll just have to ship more of our gas/oil over there (since Obama doesn't want it) & that'll nullify the LNg war!!!
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kuma2000
Champion Author Honolulu

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Message Posted: Apr 6, 2012 12:13:19 PM

maximize your profits
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pecos
Champion Author Columbus

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Message Posted: Apr 6, 2012 12:12:40 PM

Always going to be a battle over something...
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greenfog
Champion Author Illinois

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Message Posted: Apr 6, 2012 12:12:37 PM

then they will start drilling more and fracking more and destroy more fresh water supplies.
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mplato
Champion Author Columbia

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Message Posted: Apr 6, 2012 12:11:48 PM

hope natural gas wins
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orcar
Champion Author Boise

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Message Posted: Apr 6, 2012 12:11:16 PM

Ship it to China at 1000 times the cost.
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OOXXFF
Champion Author Greensboro

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Message Posted: Apr 6, 2012 12:11:00 PM

Bad news.
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Bullseye520
Champion Author Louisville

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Message Posted: Apr 6, 2012 12:09:56 PM

Interesting
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knot2swift
Champion Author Calgary

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Message Posted: Apr 6, 2012 12:09:24 PM

We in Canada have the problem the worst for we set ourselves up to ship oil and gas to the US.

For us to ship to Asia, we would have to fight every environmentalist and every aboriginal for every foot through B.C. from Alberta. British Columbia is known to us as the province the most full of "Tree Huggers".
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Bigtex09
Champion Author Dallas

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Message Posted: Apr 6, 2012 12:07:36 PM

drill
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Lukus
Champion Author Halifax

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Message Posted: Apr 6, 2012 12:07:17 PM

OK
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naiiawah
Champion Author Boise

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Message Posted: Apr 6, 2012 12:06:37 PM

Always amazes me that you can ship bulk commodities like this around the world and still have it be affordably priced.
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savannahoaks
Champion Author Rockford

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Message Posted: Apr 6, 2012 12:06:17 PM

Good for US.
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chyguy3
Champion Author Wyoming

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Message Posted: Apr 6, 2012 12:04:42 PM

more talk, but less action being taken.
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mickeymike
Champion Author Pennsylvania

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Message Posted: Apr 6, 2012 12:04:08 PM

OK...let's see what happens with a new administration!
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NukeAtComEd
All-Star Author Milwaukee

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Message Posted: Apr 6, 2012 12:00:27 PM

barryO and the EPA will stop anything that does not promote green!! so expect the permitting process for this type of manufacturing facility to take decades!!
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Rabbit_007
Rookie Author Ohio

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Message Posted: Apr 6, 2012 12:00:11 PM

Ok
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CapNC
Champion Author North Carolina

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Message Posted: Apr 6, 2012 11:58:45 AM

doesn't matter what we have, we've got mega gallons of oil in Alaska - the problem is with the LEADER of this country - don't have one now - just a pretend leader who want wants to grow algee and use our tax dollars for his buddys to build useless solar panels
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NanookAK
Champion Author Anchorage

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Message Posted: Apr 6, 2012 11:57:45 AM

I don't think the U.S. has an enough "existing infrastructure" for the development of our natural gas resources. More building is needed but the greedy oil industry doesn't want that to happen as it may adversely affect their obscene billions in profits from oil.
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smoketown
Champion Author Cincinnati

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Message Posted: Apr 6, 2012 11:57:11 AM

Who cares the price is not going to change............
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Bud122CA
Champion Author California

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Message Posted: Apr 6, 2012 11:56:52 AM

Competition is a good thing. Just drill and lower our prices.
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deerchaser
All-Star Author Lincoln

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Message Posted: Apr 6, 2012 11:51:30 AM

What has happened to all the talk from the Obama administration that we need a good strong energy policy? That's one area everyone agrees on but nothing has been done about it over the last 40 years. It is time for them to get started.
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Pozole
Champion Author Portland

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Message Posted: Apr 6, 2012 11:51:13 AM

...I sure wouldn't want to live ANYWHERE near where those floating mega-bombs are being loaded or filled or emptied...they'd level everything within a mile if they went off...slow down production until usage and storage capabilities are up...



[Edited by: Pozole at 4/6/2012 11:54:00 AM EST]
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MightyDude
Champion Author Minnesota

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Message Posted: Apr 6, 2012 11:50:47 AM

this is good ?
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DblChek
Champion Author San Antonio

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Message Posted: Apr 6, 2012 11:49:35 AM


Good point, US412. Something to think about.

Drill Here.
Refine Here.
Sell Here.
Employ Here.
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emernal
Champion Author St. Louis

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Message Posted: Apr 6, 2012 11:49:03 AM

People will be whining in 10 years about how high natural gas cost as we ship more and more overseas. It is a global economy which determines energy prices not where the product is extracted. We need more research and development into alternative energy and more efficient use of energy.
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sivart
Champion Author Arkansas

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Message Posted: Apr 6, 2012 11:47:56 AM

OK
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us412
Champion Author Arkansas

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Message Posted: Apr 6, 2012 11:45:50 AM

How can Asia buy ours cheaper than produce their own gas supplies?

Because they are using our own Worthless Dollars to buy something that has actual value and save their natural resources for later.
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Jeepergeo
Champion Author San Bernardino

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Message Posted: Apr 6, 2012 11:45:16 AM

The U.S. has a disadvantage because it does not have an effective Energy Policy. The current POTUS and former POTUS all share blame, but the guy in the seat now is the one holding the ball. Hopefully, he'll do something his former POTUS did not or could not do. Hopefull, but not hold my breath.
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tree_shakker
Veteran Author Ontario

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Message Posted: Apr 6, 2012 11:45:12 AM

Let them burn rice!
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cableman31
Champion Author New York

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Message Posted: Apr 6, 2012 11:43:04 AM

Get CNG vehicles on the highways and and the gas will be used from AMERICAN WELLS.
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Clits
All-Star Author Louisiana

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Message Posted: Apr 6, 2012 11:43:03 AM

So that will????
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firemunkee
Veteran Author Maryland

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Message Posted: Apr 6, 2012 11:42:21 AM

we'll see
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gumbyrex
Champion Author Fresno

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Joined:Mar 2011
Message Posted: Apr 6, 2012 11:41:23 AM

They say competition is good... well we will soon see.
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2granny
Champion Author Michigan

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Message Posted: Apr 6, 2012 11:39:11 AM

Keep it here and our prices down.
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bart_reed
Champion Author Los Angeles

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Message Posted: Apr 6, 2012 11:37:52 AM

What will the market do?
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blazerbob91
Champion Author Milwaukee

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Message Posted: Apr 6, 2012 11:33:57 AM

Keep the gas here.
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crusty1
All-Star Author Chicago

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Joined:Oct 2008
Message Posted: Apr 6, 2012 11:33:29 AM

Where or where are our CNG cars?
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egd
Champion Author Twin Cities

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Message Posted: Apr 6, 2012 11:32:28 AM

there is a limited market at this time due to the small LNG tankers to carry the product transoceanic
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SSchmidty
Champion Author Illinois

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Message Posted: Apr 6, 2012 11:31:09 AM

Pig-oil will lose out big time because we have Nat gas in great abundance under our land
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maske_2222
Champion Author Manitoba

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Message Posted: Apr 6, 2012 11:30:25 AM

ok......
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Melven
Champion Author Utah

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Message Posted: Apr 6, 2012 11:29:38 AM

I love paying $1.49 / GGE to fill up my Natural Gas car in Utah!
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teatiger
Champion Author Dallas

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Message Posted: Apr 6, 2012 11:28:43 AM

Why do we NOT have an energy plan, what is diverse, well thought out, practical, efficient, and cost effective?
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abacus44
Champion Author Toms River

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Message Posted: Apr 6, 2012 11:28:41 AM

Would be nice to EXPORT to China for a change.
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BWALL2700
Champion Author Illinois

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Message Posted: Apr 6, 2012 11:27:37 AM

It doesn't matter. Gas prices still to high.
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DaisysMomNC
All-Star Author North Carolina

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Message Posted: Apr 6, 2012 11:27:25 AM

We'll See
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Norm10
Champion Author British Columbia

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Message Posted: Apr 6, 2012 11:24:49 AM

The sooner the better!
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Tutootin
Champion Author Toronto

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Message Posted: Apr 6, 2012 11:24:31 AM

dad2two, Excellent question!!!
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