Gas is sold on the international market to the highest bidder. The stuff coming from Gov. Corbett about Marcellus Shale being for PA residents is more than just a little smelly.
“Once deemed too costly to extract, shale gas has turned around U.S. dependence on foreign gas imports. Just a few years ago, the United States was building scores of expensive facilities to import liquefied natural gas (LNG), looking at booming long-term demand forecasts and wondering which countries would supply the huge volume of imports it needed.
Instead, the United States is turning import facilities into export terminals, because its shale gas reserves are estimated to be big enough to meet domestic demand for 30 years. This is an American dream that China wants to emulate.”
FROM:
REUTERS:
Special Report: China set to unearth shale power
WILL THE MARCELLUS SHALE EXTRACTION COMPANIES BECOME CHINESE COMPANIES?
“In June, China Investment Corp, Korea Investment Corp and Singapore state investor Temasek Holdings [TEM.UL] were among investors in Chesapeake's preferred offering.
‘We recognize that the center of the financial world is gravitating more and more to Asia and we think it's prudent to begin to develop relationships with investors in Asia,’ Mobley said”
FROM:
REUTERS
Wed Jul 14, 2010 2:22pm EDT
By Lou Kilzer, PITTSBURGH TRIBUNE-REVIEW
Sunday, June 12, 2011
Sunday, June 12, 2011
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