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The shale gas revolution: We have not yet begun to boom
Hot Air ^ | July 10, 2013 | Erika Johnsen

Posted on 07/11/2013 1:22:24 AM PDT by 2ndDivisionVet

As I’ve now argued many times over, the Obama administration is extravagantly fond of citing statistics about how our oil imports are way down while our domestic oil production is way up, with the implicit suggestion being that their policies somehow deserve the credit for these phenomena. See, they really are about an “all of the above” energy strategy and you can’t say that they’re anti-oil or anti-fossil fuel, because America is currently experiencing an economic and employment boom via domestic oil and gas production!

In fact, however, much of the credit for the current oil-and-gas boom and our decreased reliance on foreign sources belongs to production on state and private lands, and the Obama administration still has plenty of policies in place actively restricting permitting to the federal lands and waters to which plenty of companies would really like more access. Yes, we’re experiencing an oil-and-gas economic boom, but many of the Obama administration’s policies are coming at the direct opportunity cost of an even bigger boom.

It’s a similar story with natural gas and the many companies who are awaiting on pending applications to export the stuff in its liquified version. Companies are only freely allowed to sell and ship liquified natural gas to countries with whom the United States already has special, specific free trade agreements; but obviously, and as with any industry or economic sector, natural-gas companies would very much like to be allowed expand the market and reap the subsequent economic benefits.

Certain Democrats in Congress — who happen to have various manufacturing and environmental interests, with their own very definite stake in the domestic price of natural gas, vociferously egging them on....

(Excerpt) Read more at hotair.com ...


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: energy; naturalgas; obama; oil; shale; shalegas

1 posted on 07/11/2013 1:22:24 AM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

Well then, why is gas still so ridiculously expensive?


2 posted on 07/11/2013 1:23:59 AM PDT by wastedyears (I'm a gamer not because I choose to have no life, but because I choose to have many.)
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To: wastedyears

Indeed - a lot of people around here mumble about “global demand is up” and “the market is far larger now” ... such platitudes are supposed to answer the question, but fail. No one knows ...


3 posted on 07/11/2013 1:36:53 AM PDT by Ken522
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To: 2ndDivisionVet

“Well then, why is gas still so ridiculously expensive?”

The shale gas boom is natural gas, not gasoline....red


4 posted on 07/11/2013 3:51:14 AM PDT by rednek ("Light travels faster than sound. This is why some people appear bright until you hear them speak.")
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To: 2ndDivisionVet
I heard this guy Scott Nobel on yesterday's Bill Bennett show. Can't remember his exact money quote but it was something like this;

We need to put the American flag on our own sources of energy instead of the coffins of our military trying to protect a foreign supply chain.

http://energyisopportunity.com

5 posted on 07/11/2013 5:00:40 AM PDT by WhoisAlanGreenspan?
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To: wastedyears

Because tight formations like Shale are not cheap to produce. If the price dropped to half and stayed there, the US climbs in production rates would stop and start falling.

We have not come close to running out of oil, but cheap, easy oil is scarce.


6 posted on 07/11/2013 5:41:56 AM PDT by thackney (life is fragile, handle with prayer)
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To: Ken522
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Yeah, who understands that complicated supply and demand stuff anyways. Maybe they should teach classes about it.

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7 posted on 07/11/2013 5:49:38 AM PDT by thackney (life is fragile, handle with prayer)
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