Saturday, January 26, 2013

oil industry fights back on natural gas imports_breanne moreno

http://fuelfix.com/blog/2013/01/17/oil-industry-battles-back-on-natural-gas-exports/





The Energy Department is weighing from more than a dozen companies to sell up to 22.6 billion cubic feet of natural gas per day to countries that don't have free trade agreements with the United States. a study that was commissioned by the government was issued in December and concluded that even unlimited exports would broadly benefit the U.S. with up to $47 billion in new economic activity. The problem is that benefit would also cause price increases for companies that are big users of energy produced by burning natural gas or are heavily reliant on the fossil fuel as a building block for producing chemicals, fertilizers and other products.
Group members say there's a big difference between exporting natural gas, which is a raw material, and   exporting a finished product built in the united states with that fossil fuel, where the U.S. can claim a bigger economic impact as it moves through the value chain.

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