Skip to comments.Natural Gas Boom's Top 3 LNG Exporters: 1st Promising Player, Cheniere Energy
Posted on 05/05/2013 8:00:40 PM PDT by shove_it
In the second article of this series, we examined the second of the top three promising U.S. LNG (liquefied natural gas) exporters, Dominion Resources (D), that could benefit from the rising demand for LNG. Today, I will discuss about the top LNG exporter making business with natural gas (UNG) that could very much profit from the vast potential offered by the natural gas boom in the U.S. To see my article on this opportunity, click here...
Cheniere Energy (LNG)
(Excerpt) Read more at seekingalpha.com ...
Exportation? Hell no!
I’m looking to get off the grid, electrical, that is, and now that I found out I can run a refrigerator and freezer off of LNG I’m not looking backward.
These large appliances use NO electricity and each use 1-1/2 gallons of LNG per month. That means with a 120 gallon tank I can go for two years without refueling. With a cooking range fired by wood for cooking and boiling water, I’m all set.
Who needs a microwave and dishwasher?
I don’t think the American taxpayer should be paying an oil depletion allowance credit to the oil and gas companies if they export their product. Let them sell it here so the price to us consumers will go down.
Are you in favor of all business losing the ability to depreciate a asset declining in value, or do you just want to penalize one industry, having politicians picking favorites again.
What is that? Let me guess, just a dressed up tax and limit on freedom
When any business, in any industry, buys or builds an capital asset that depreciates in value, they get to deduct that lost value when calculating their taxes. Oil/gas fields deplete, their value goes down because each passing year of production leaves less oil in the ground.
In many respects it’s an asset owned by the people. It’s only leased by the oil companies.
It is still an asset that the company paid for. Regardless if you consider it a sale or a long-lasting lease with no additional payments, it was an expense for the oil company and it declines in value as the oil is produced from it.
In most leases, the oil company has the right to sell the lease, regardless of the original owner's desires. The new oil company still has to abide to the same original terms, but rarely does the mineral owner have a say in the sale. They may not be notified until after the sale is done. It is very common for the initial leases in private land areas to be bought by a land company and then later assigned to an oil company.
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