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European countries to America: Give us your gas
Hotair ^ | 03/09/2014 | Erika Johnsen

Posted on 03/10/2014 6:19:33 PM PDT by SeekAndFind

In light of the recent crisis instigated by Russia, lawmakers have lately been pushing the Obama administration to expedite the more than twenty outstanding applications from energy companies for permission to export more natural gas into the world market — and a handful of central European countries are decidedly for it. They have recently developed infrastructure advancements that have made it possible for gas that normally flows through Ukraine to the EU to also flow in the other direction, meaning that the EU can and in fact has been shipping gas to the Ukraine, and these ambassadors are hoping that the U.S. will turn up the supply taps and help them expand that capability, via The Hill:

Central European countries are asking U.S. lawmakers to expedite natural gas exports in an effort to curb Russian President Vladimir Putin’s power.

Ambassadors from Hungary, Poland, the Czech Republic and Slovakia wrote to Speaker John Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D-Nev.) urging congressional action to fast-track natural gas exports to allies in Central and Eastern Europe.

“As events in Ukraine bring back the memories of the Cold War, from which all of our countries suffered terribly, we are writing to highlight the overall importance of U.S. engagement in Central and Eastern Europe, and more specifically in the area of energy security and reliable supply of natural gas,” the letter states.

With recent infrastructural investments in Central and Eastern Europe, it became possible to build “reverse gas flows”, which have allowed sending gas from Poland and Hungary to Ukraine at a cheaper price than what Ukrainians had to pay, the letter sent to Boehner and Reid on Friday states.

There are a few pretty important caveats to the overall “export now!” strategy to blunt Russia’s influence: For one thing, even if the Obama administration were to green-light a bunch of export permits today, it would still take energy companies at least a couple of years to get all of the necessary infrastructure and logistics in place and actually get down to the business of exporting (and Europe doesn’t have all of the requisite infrastructure to receive all of that added gas supply yet, either). For another, the potential for higher profits elsewhere in the world mean that the bulk of our natural gas exports might not even make it to central Europe:

White House spokesman Josh Earnest told reporters on Air Force One that policy changes would not have an immediate effect and noted that natural gasstocks in Europe were above normal levels because of a mild winter.

“There is no indication currently that there’s much risk of a natural gas shortage in the region,” he said. …

Once U.S. LNG exports start they likely will first head to Japan, India and other Asian countries that have little access to gas sent via pipeline and are willing to pay more for the fuel than Europe does.

As more U.S. projects are approved and investors spend billions of dollars to build them, U.S. LNG could play a bigger role after 2017 in reducing global prices for the commodity, analysts said.

But that last sentence from Reuters there is the line that I would argue: Even if it won’t be enough to ease the pressure off of Ukraine in short order, that’s no excuse not to keep moving forward on approving more export terminals. The Obama administration has signaled that they’re at least not opposed to doing more on that front, but the current situation is a prime example of just how much freer trade across the globe can help to blunt any one nations’ influence while everyone gets to reap the higher economic benefits — and it’s better to stay ahead of the game then getting caught from behind because of political and bureaucratic holdups. I might add that European countries like Germany that have quixotically tried to ban or ignore hydraulic fracturing are probably rethinking those strategies right about now.


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: eu; europe; export; gas; natgas; naturalgas; ukrainecrisis
WHY OBAMA WILL SAY NO.


1 posted on 03/10/2014 6:19:33 PM PDT by SeekAndFind
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To: SeekAndFind

He hasn’t even signed off on the Keystone XL pipeline and I’d bet you $5 he never will.


2 posted on 03/10/2014 6:21:24 PM PDT by 2ndDivisionVet (I will raise $2M for Sarah Palin's next run, what will you do?)
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To: SeekAndFind

Europe:

Won’t pay to defend itself.
Won’t pay for its own energy.

Will bash America at every opportunity.

Let them freeze in the dark.


3 posted on 03/10/2014 6:22:04 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: 2ndDivisionVet

You know, if we could ramp up oil production, the Eurppeans could solve our econ woes just by cutting off the Ruskies.


4 posted on 03/10/2014 6:23:00 PM PDT by Nachum (Obamacare: It's. The. Flaw.)
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To: SeekAndFind

Frack the green Euro-weenies.


5 posted on 03/10/2014 6:23:21 PM PDT by Paladin2
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To: Nachum

Thank you. Looks like people would rather vent it into the atmosphere instead of creating some jobs and making a little money.


6 posted on 03/10/2014 6:26:32 PM PDT by 1rudeboy
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To: Nachum

I’m all for it if they want to build the infrastructure here. However Obama is standing in the way of the bridge Canada wants to build over the Detroit river so I wouldn’t expect any better.


7 posted on 03/10/2014 6:35:24 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: SeekAndFind; 2ndDivisionVet; onyx; Windflier; RedMDer; Syncro; Norm Lenhart; GeronL; GraceG; ...
Sarah Palin said that the other night on Hannity.

Robust American Fossil Fuel Production is the key to safer world.

But she was hardly the first to suggest that, any thinking American would come up with that solution sooner or later.

8 posted on 03/10/2014 6:38:40 PM PDT by KC_Lion (Build the America you want to live in at your address, and keep looking up.- Sarah Palin)
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To: MeganC

Opps! Ping to you too Megan Dear :)


9 posted on 03/10/2014 6:40:09 PM PDT by KC_Lion (Build the America you want to live in at your address, and keep looking up.- Sarah Palin)
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To: 2ndDivisionVet

I so want him to say no.

Yes you read that right. NO.

Because the sooner pressure is put to remove him, the faster we can get ALL of our energy on track. And all it will take is his denial.


10 posted on 03/10/2014 6:46:10 PM PDT by Norm Lenhart
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To: SeekAndFind

Why can’t they just put up some more solar panels and windmills?


11 posted on 03/10/2014 6:47:18 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: KC_Lion

Obama won’t even let someone else pay for vital infrastructure. You can’t tell me his goal isn’t destruction of America.


12 posted on 03/10/2014 6:47:48 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: cripplecreek

Always was. The problem is people even on the right can’t face the truth of it. They forgot the lessons of history. Or intentionally ignore them because the truth is to much to handle...Jack Nicholson jokes aside,


13 posted on 03/10/2014 6:50:37 PM PDT by Norm Lenhart
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To: 2banana
Europe:

Won’t pay to defend itself.
Won’t pay for its own energy.

Will bash America at every opportunity.

Let them freeze in the dark.

I'm inclined to agree.

14 posted on 03/10/2014 6:53:46 PM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: SeekAndFind

Obama sees the entire West as colonial powers and himself as the one that will take us down. Mostly the USA. Obama is more destructive to our Country than any foreign power could be.


15 posted on 03/10/2014 6:57:49 PM PDT by RedMDer (May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
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To: Norm Lenhart

I personally think he’s literally stolen hundreds of billions for himself and friends.


16 posted on 03/10/2014 7:00:10 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: cripplecreek
Obama won’t even let someone else pay for vital infrastructure. You can’t tell me his goal isn’t destruction of America.

Correct Cripple that was going to be my next point, this isn't incompetence or dogma attached to Global Warming, this is about making America Weaker!

17 posted on 03/10/2014 7:01:03 PM PDT by KC_Lion (Build the America you want to live in at your address, and keep looking up.- Sarah Palin)
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To: SeekAndFind

GIVE? As in FREE?

Sure, obama would just love to give away our stuff!


18 posted on 03/10/2014 7:03:18 PM PDT by Right Wing Assault
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To: KC_Lion

She should know

Both her and I know where come from Alaska LOL!


19 posted on 03/10/2014 7:05:41 PM PDT by SevenofNine (We are Freepers, all your media bases belong to us ,resistance is futile)
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To: RedMDer

The people who put him in power need to choke on their accomplishment for a while. Pain is a great teacher.

Reagan as we all know believed in trickle down theory because it works. I think that this teaching moment, brought to the world by Barry will have zero effect on the entrenched libs, but will have a more profound effect on the all so called moderates. Because they will feel the most pain. Here and throughout Europe. And just perhaps they will not like paying astronomically for heat, power and products that will...’necessarily skyrocket’... due to their love of global warming and other liberal idiocy. Freezing hungry in the dark has that effect sometimes. Or burning with no air conditioning.

Perhaps reality will trickle down too.

People are all over the map on Russia right now, but this could all very well wreck the hold of the UN and EU as a power bloc. And those two blocs have done far more damage to the world/world economy than Russia’s little adventure.


20 posted on 03/10/2014 7:07:47 PM PDT by Norm Lenhart
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To: cripplecreek

I completely agree. There is so much practically untrackable monopoly money spent daily, tens of billions at a time, it is a given he pocketed a lot of it. Ell dictators do. It’s genetic.

It’s also Cloward Priven.


21 posted on 03/10/2014 7:09:46 PM PDT by Norm Lenhart
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To: 2ndDivisionVet

didn’t one of he European countries....perhaps France, just reverse its progress toward nuclear independence as far as power goes.???? You can heat your home real well with nuclear produced electricity....cook eggs too!


22 posted on 03/10/2014 7:17:25 PM PDT by terycarl (common sense prevails over all else)
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To: Norm Lenhart

Cameron Davis was the Chicago Tides foundation crony who was named great lakes czar in 2009. I can’t find that he has done anything since and I would really like to know what he did with the $20 billion budget he got.


23 posted on 03/10/2014 7:18:58 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: SeekAndFind

I wonder if the Euros will figure out that it is better to start fracking for gas that is under them than become vassal states for Tsar Vladimir.


24 posted on 03/10/2014 7:21:30 PM PDT by yawningotter
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To: SeekAndFind

Israel is developing the Levithan gas field in the Mediterranian Sea. Australia’s Woodside Petroleum Ltd. just bought a 25% stake. Cyprus is sitting on the Aphrodite field with an estimated 4.1 trillion cubic feet of natural gas. Both are being developed by Noble Energy out of Texas. Hell, even Britain is sitting on at least a 100-year supply of gas if they get fraking.

In addition, the EU is sitting on a 150-year supply of coal. If Europe wants energy, there’s a bunch right in their own backyard. Get to work, European cousins.


25 posted on 03/10/2014 7:38:37 PM PDT by sergeantdave
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To: SeekAndFind

Well, the wind is blowing to the East, so yes, I did send some gas to Europe. It will warm their homes and their hearts.


26 posted on 03/10/2014 7:56:10 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: cripplecreek

Oh the Tides....Look them up for an enlightening view of environmental spending. That place is nothing but a money laundering front. Ran into that a long time ago on the land use stuff. Like a freaking millipede with all the legs it has...a foot in everything.


27 posted on 03/10/2014 8:04:35 PM PDT by Norm Lenhart
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To: SeekAndFind

That could make gas prices interesting.


28 posted on 03/10/2014 8:38:23 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: 2banana

We’re talking Central Europe, where they put up statues of Reagan, and are still grateful for our role in the Cold War.


29 posted on 03/10/2014 8:41:02 PM PDT by dfwgator
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To: SeekAndFind

We should tell them to go to hell.


30 posted on 03/11/2014 1:01:17 AM PDT by chessplayer
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To: SeekAndFind

American energy costs would necessarily rise...


31 posted on 03/11/2014 6:05:30 AM PDT by a fool in paradise (The Texas judge's decision was to pave the way for same sex divorce for two Massachusetts women.)
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To: Paladin2
Frack the green Euro-weenies.

On a serious note, I wonder if there is fracking opportunities in the European continent. If, say, Poland found a huge basin of frack-able juice, that would be a game changer indeed.

32 posted on 03/11/2014 8:54:16 AM PDT by VRW Conspirator ( 2+2 = V)
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