Not Logged In Log In   Sign Up   Points Leaders
Follow Us    8:30 PM

GasBuddy News Article

49
votes
The coming battle over natural gas

Financial Post -- From co-dependent natural gas consumers and developers, Canada and the United States may soon be competing with each other as both countries start advancing their production plans for liquefied natural gas (LNG).

“I think there is a sense of competition at the moment between the U.S. and Canada for the [Asian] market,” said Noel Tomnay, head of global gas at Wood Mackenzie, an energy research and consulting firm.

Rising natural gas production on both sides of the border, coupled with benchmark Henry Hub prices tracking 31-year lows, are forcing North American producers to find growing markets willing to pay more.

“Currently, the U.S. is clearly advantaged because it has the existing infrastructure,” Mr. Tomnay said.


Read the Full Article

Submitted Apr 06, 2012 By: dasAuto
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: The coming battle over natural gas Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
walkingtall
Champion Author Toronto

Posts:6,294
Points:1,651,130
Joined:Nov 2004
Message Posted: Apr 6, 2012 8:42:47 PM

Wait till more velchies use natural gas and the the price will soar,like everything else.
Profile Pic
Agarre
Champion Author Richmond

Posts:1,785
Points:375,915
Joined:Feb 2012
Message Posted: Apr 6, 2012 8:41:15 PM

ok
Profile Pic
letterchunker
Champion Author Texas

Posts:4,600
Points:1,185,500
Joined:Aug 2008
Message Posted: Apr 6, 2012 8:40:13 PM

more greed
Profile Pic
Barfood
Champion Author St. Louis

Posts:3,831
Points:1,451,065
Joined:Jun 2009
Message Posted: Apr 6, 2012 8:37:21 PM

We need to keep it for our own uses!
Profile Pic
pitamon
Champion Author Philadelphia

Posts:6,748
Points:2,334,235
Joined:Sep 2004
Message Posted: Apr 6, 2012 8:37:16 PM

I lived in West TX in the early 80's and I knew a man who ran his pickup truck on LP. So why aren't we?
Profile Pic
mcmonsta
Champion Author Honolulu

Posts:5,421
Points:1,351,875
Joined:Sep 2009
Message Posted: Apr 6, 2012 8:33:54 PM

at this point cheaper is better
Profile Pic
Ahking
Champion Author Orange County

Posts:3,618
Points:625,235
Joined:May 2011
Message Posted: Apr 6, 2012 8:33:48 PM

Maybe this international trade competition is another reason not to build the Keystone XL pipeline for Canada to ship through the U.S.
Profile Pic
cutter1330
Champion Author Oklahoma

Posts:9,944
Points:2,214,960
Joined:Jul 2005
Message Posted: Apr 6, 2012 8:26:03 PM

Sounds good for both countries.
Profile Pic
bigdipperMS
Champion Author Mississippi

Posts:2,511
Points:970,425
Joined:Apr 2011
Message Posted: Apr 6, 2012 8:25:57 PM

Those that don't see that LNG is the way to go just don't want to. It is a clean burning fuel (less CO2 emission); we have an abundant supply that will last until the next century and it will not damage internal combustion engines as does the 10% ethanol fuel. Besides it will help increase the price of natural gas which would increase my royalty check.
Profile Pic
The_DR
Champion Author New Jersey

Posts:4,784
Points:1,110,540
Joined:Aug 2011
Message Posted: Apr 6, 2012 8:22:59 PM

USA!
Profile Pic
uptherefiners
Champion Author Chicago

Posts:5,055
Points:1,003,000
Joined:Jun 2006
Message Posted: Apr 6, 2012 8:22:07 PM

does Canada have the nuke? ;P
Profile Pic
crashintuc34
Champion Author Tucson

Posts:5,707
Points:1,146,235
Joined:May 2010
Message Posted: Apr 6, 2012 8:19:17 PM

Alright.
Profile Pic
adgam
Champion Author Orange County

Posts:3,184
Points:917,825
Joined:Nov 2011
Message Posted: Apr 6, 2012 8:17:36 PM

ok
Profile Pic
Kaiyne
Champion Author Chicago

Posts:4,569
Points:974,395
Joined:Feb 2011
Message Posted: Apr 6, 2012 8:17:11 PM

As long as people want it, the price will soar!
Profile Pic
MadTraveler
Champion Author Idaho

Posts:2,082
Points:575,400
Joined:Nov 2009
Message Posted: Apr 6, 2012 8:13:59 PM

There is not shortage of fighting issues - for those that want to fight.
Profile Pic
warlord1
Champion Author Georgia

Posts:7,356
Points:1,559,680
Joined:May 2010
Message Posted: Apr 6, 2012 8:13:23 PM

ok
Profile Pic
EmperorsFinest
Champion Author Chicago

Posts:1,794
Points:462,945
Joined:Jul 2011
Message Posted: Apr 6, 2012 8:11:39 PM

I am willing to try it if it's cheaper.
Profile Pic
tamiuron
Champion Author Laredo

Posts:2,024
Points:1,212,055
Joined:Jan 2011
Message Posted: Apr 6, 2012 8:10:43 PM

Good for US.
Profile Pic
bababooey2
Champion Author Hartford

Posts:8,778
Points:1,846,200
Joined:Sep 2009
Message Posted: Apr 6, 2012 8:08:18 PM

Let the BS start.
Profile Pic
mitchells
Champion Author Montreal

Posts:5,405
Points:1,612,070
Joined:Oct 2009
Message Posted: Apr 6, 2012 8:05:32 PM

there is so much NG available, why is anyone fighting over this?
Profile Pic
Tucker1961
Champion Author Seattle

Posts:2,157
Points:363,170
Joined:Jun 2009
Message Posted: Apr 6, 2012 8:05:27 PM

don't they have rice burners over there
Profile Pic
heysailor
Champion Author Pittsburgh

Posts:11,989
Points:2,874,730
Joined:Mar 2006
Message Posted: Apr 6, 2012 8:00:56 PM

Let the Canadians win this one; keep our fuel here
Profile Pic
methaneman
Champion Author Minnesota

Posts:4,526
Points:1,755,020
Joined:May 2002
Message Posted: Apr 6, 2012 7:56:12 PM

Wait till more vehicles use nat gas. Then the price will sky rocket.
Profile Pic
Ken2OD
Champion Author Grand Rapids

Posts:11,466
Points:2,512,370
Joined:Dec 2005
Message Posted: Apr 6, 2012 7:54:59 PM

My new natural gas budget dropped by 30% from last year.
Profile Pic
1cheapgasin
Champion Author Indianapolis

Posts:7,031
Points:1,506,690
Joined:Jul 2009
Message Posted: Apr 6, 2012 7:54:09 PM

If I used coal they would find a way to hike the price on it too.
Profile Pic
DABEE1073
Champion Author San Diego

Posts:10,810
Points:2,114,875
Joined:Jun 2008
Message Posted: Apr 6, 2012 7:52:55 PM

WHAT EVER. GO FOR IT.
Profile Pic
suzyq2007
Champion Author Dallas

Posts:9,009
Points:2,066,115
Joined:Oct 2007
Message Posted: Apr 6, 2012 7:51:51 PM

we should keep this here for our own use and keep the prices down
Profile Pic
TDIdave
Champion Author California

Posts:5,913
Points:1,721,610
Joined:May 2006
Message Posted: Apr 6, 2012 7:51:34 PM

hmmm.
Profile Pic
theschmuck
Champion Author Michigan

Posts:4,868
Points:1,961,345
Joined:Mar 2007
Message Posted: Apr 6, 2012 7:50:14 PM

'goneupagain' has it right, and when it's done it will be just like the gas prices, they'll sell to the highest bidder and the public will be screwed again.
Profile Pic
darkknight1
Champion Author Winston-Salem

Posts:6,725
Points:1,437,635
Joined:Nov 2010
Message Posted: Apr 6, 2012 7:43:51 PM

hmmmm
Profile Pic
GoneUpAgain
Champion Author Atlanta

Posts:10,620
Points:1,712,310
Joined:May 2004
Message Posted: Apr 6, 2012 7:42:52 PM

Hell, our prices are already high. I'm not seeing any benefit to this so-called over supply. My gasrate hasn't dropped in more than a year.
Profile Pic
my2002m
Champion Author Tulsa

Posts:8,383
Points:2,208,215
Joined:Jul 2008
Message Posted: Apr 6, 2012 6:33:35 PM

We need to keep it here otherwise our prices will jump and we will pay for it.
Profile Pic
kiosk12y
Champion Author Tulsa

Posts:4,286
Points:978,565
Joined:Mar 2011
Message Posted: Apr 6, 2012 2:11:01 PM

ok
Profile Pic
race2IT
Champion Author Fort Worth

Posts:2,438
Points:1,119,760
Joined:Oct 2008
Message Posted: Apr 6, 2012 2:02:53 PM

The speculators will screw it up, so don't them.
Profile Pic
Galmar352
Champion Author San Antonio

Posts:10,158
Points:1,882,625
Joined:Dec 2005
Message Posted: Apr 6, 2012 12:54:18 PM

so.
Profile Pic
BudsterMO
Champion Author Kansas City

Posts:6,066
Points:1,234,655
Joined:Aug 2009
Message Posted: Apr 6, 2012 12:38:57 PM

America, enjoy the low natural gas prices while they last. Keep the Gas and Electric utilities regulated.
Profile Pic
Digger52
Champion Author Chicago

Posts:4,689
Points:1,383,955
Joined:Aug 2008
Message Posted: Apr 6, 2012 12:36:20 PM

Hmmmmm. . .
Profile Pic
jalan25
Champion Author Indianapolis

Posts:2,705
Points:829,670
Joined:Sep 2011
Message Posted: Apr 6, 2012 12:26:44 PM

Interesting
Profile Pic
RichFWA
Champion Author Tacoma

Posts:2,112
Points:512,670
Joined:Mar 2011
Message Posted: Apr 6, 2012 12:19:01 PM

sounds good to me.
Profile Pic
NorthglennBill
Champion Author Denver

Posts:9,722
Points:2,000,995
Joined:Oct 2008
Message Posted: Apr 6, 2012 12:17:53 PM

Better idea - lower the price for consumers in the US.
Profile Pic
ShudBWalking
Champion Author Kitchener-Waterloo

Posts:4,572
Points:600,125
Joined:Oct 2006
Message Posted: Apr 6, 2012 12:17:47 PM

North America should unite, and weaken the power of given to these other countries because they have gas
Profile Pic
SpankyMI
Champion Author Kalamazoo

Posts:4,681
Points:1,254,415
Joined:Jan 2011
Message Posted: Apr 6, 2012 12:17:23 PM

Competition has always been good for the consumers hasn't it?
Profile Pic
tessnlu
Champion Author Missouri

Posts:27,847
Points:1,637,800
Joined:Aug 2008
Message Posted: Apr 6, 2012 12:17:06 PM

Driving up prices for everyone. Greed!
Profile Pic
hank1326
Champion Author Los Angeles

Posts:10,757
Points:2,234,760
Joined:Jun 2008
Message Posted: Apr 6, 2012 12:16:05 PM

Time will tell the truth.
Profile Pic
DirtDauber
Champion Author San Antonio

Posts:9,195
Points:2,171,715
Joined:Nov 2005
Message Posted: Apr 6, 2012 12:15:06 PM

Good.
Profile Pic
amayne11
Champion Author Vancouver

Posts:3,978
Points:1,039,775
Joined:Nov 2011
Message Posted: Apr 6, 2012 12:14:59 PM

Cooperation would advance the situation faster.
Profile Pic
gilfarm
Champion Author Alabama

Posts:9,155
Points:2,484,270
Joined:Sep 2005
Message Posted: Apr 6, 2012 12:14:53 PM

BRING IT ON!
Profile Pic
timbyus1
Champion Author Fort Worth

Posts:3,418
Points:713,395
Joined:Mar 2012
Message Posted: Apr 6, 2012 12:14:44 PM

read
Profile Pic
NotmeuQc
Champion Author Montreal

Posts:7,861
Points:1,667,955
Joined:Apr 2009
Message Posted: Apr 6, 2012 12:11:52 PM

Building the infrastructure for CNG and start producing more vehicles that run on it, there wont be problem keeping it in country.

[Edited by: NotmeuQc at 4/6/2012 1:12:35 PM EST]
Profile Pic
wang91554
Champion Author San Jose

Posts:5,498
Points:1,729,820
Joined:May 2009
Message Posted: Apr 6, 2012 12:11:48 PM

too much of a good thing?
Profile Pic
72_Monte
Champion Author Twin Cities

Posts:10,196
Points:2,538,565
Joined:Aug 2005
Message Posted: Apr 6, 2012 12:11:09 PM


The next market to see thievery.

Profile Pic
diegotoad
Champion Author Maryland

Posts:5,305
Points:1,257,375
Joined:Jul 2009
Message Posted: Apr 6, 2012 12:09:42 PM

Dumb. Why not work together (ala OPEC) to make sure everyone gets the best bang for the buck.
Post a reply Back to Topics