Wednesday, July 16, 2014

Gas sells in PA @ $2 per M BTUs – In China & India @ $12 per M BTUs- PA gas is going international

Reasons to NOT export liquid natural gas:
  • Global Warming
  •  The price of the gas we use to heat our homes will rocket to international prices.
  • A terrorist attack on a liquid natural gas tank farm or liquid natural gas tanker is like a Hiroshima A bomb without the radiation.

American Gas companies sell fracking gas domestically for about $2 per million BTUs. They can sell it to India and China for about $12 million BTUs.

Once the Dominion Cove Point Liquefaction and Export facility near Baltimore, MD goes into operation the price you pay to heat your home in Coatesville or West Chester will go up 3 times or more to international levels.

Natural gas prices dropped below $2 per million BTUs last year. As a result, electric utilities switched from coal to cleaner natural gas, which emits less carbon when burned. 
What happens when natural gas is no longer dirt cheap 
By Brad Plumer March 22, 2013

NEW DELHI: As India debates raising natural gas rates, China has signed a US $ 400 billion deal to buy gas from Russia at US $ 11-13 per million British thermal unit. 
India debates gas price hike, China contracts at US $11-13 per million British thermal unit 
PTI May 27, 2014, 04.52PM IST
MON JUL 14, 2014 AT 08:37 AM PDT
By mimi