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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.

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Submitted Apr 06, 2012 By: dasAuto

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walkingtall Champion Author Toronto Posts:4,014 Points:1,124,605 Joined:Nov 2004	Message Posted: Apr 6, 2012 8:42:47 PM Ignore walkingtall Report Abuse Wait till more velchies use natural gas and the the price will soar,like everything else.
Agarre Champion Author Richmond Posts:1,335 Points:263,785 Joined:Feb 2012	Message Posted: Apr 6, 2012 8:41:15 PM Ignore Agarre Report Abuse ok
letterchunker Champion Author Texas Posts:2,250 Points:668,650 Joined:Aug 2008	Message Posted: Apr 6, 2012 8:40:13 PM Ignore letterchunker Report Abuse more greed
Barfood Champion Author St. Louis Posts:3,311 Points:1,019,630 Joined:Jun 2009	Message Posted: Apr 6, 2012 8:37:21 PM Ignore Barfood Report Abuse We need to keep it for our own uses!
pitamon Champion Author Philadelphia Posts:4,909 Points:1,828,835 Joined:Sep 2004	Message Posted: Apr 6, 2012 8:37:16 PM Ignore pitamon Report Abuse 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?
mcmonsta Champion Author Honolulu Posts:3,242 Points:821,470 Joined:Sep 2009	Message Posted: Apr 6, 2012 8:33:54 PM Ignore mcmonsta Report Abuse at this point cheaper is better
Ahking Champion Author Orange County Posts:3,522 Points:606,375 Joined:May 2011	Message Posted: Apr 6, 2012 8:33:48 PM Ignore Ahking Report Abuse Maybe this international trade competition is another reason not to build the Keystone XL pipeline for Canada to ship through the U.S.
cutter1330 Champion Author Oklahoma Posts:8,045 Points:1,696,815 Joined:Jul 2005	Message Posted: Apr 6, 2012 8:26:03 PM Ignore cutter1330 Report Abuse Sounds good for both countries.
bigdipperMS Champion Author Mississippi Posts:1,530 Points:540,635 Joined:Apr 2011	Message Posted: Apr 6, 2012 8:25:57 PM Ignore bigdipperMS Report Abuse 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.
The_DR Champion Author New Jersey Posts:2,800 Points:588,090 Joined:Aug 2011	Message Posted: Apr 6, 2012 8:22:59 PM Ignore The_DR Report Abuse USA!
uptherefiners Champion Author Chicago Posts:5,048 Points:1,002,000 Joined:Jun 2006	Message Posted: Apr 6, 2012 8:22:07 PM Ignore uptherefiners Report Abuse does Canada have the nuke? ;P
crashintuc34 Champion Author Tucson Posts:4,065 Points:814,800 Joined:May 2010	Message Posted: Apr 6, 2012 8:19:17 PM Ignore crashintuc34 Report Abuse Alright.
adgam Champion Author Orange County Posts:2,264 Points:501,020 Joined:Nov 2011	Message Posted: Apr 6, 2012 8:17:36 PM Ignore adgam Report Abuse ok
Kaiyne Champion Author Chicago Posts:2,354 Points:475,740 Joined:Feb 2011	Message Posted: Apr 6, 2012 8:17:11 PM Ignore Kaiyne Report Abuse As long as people want it, the price will soar!
MadTraveler Champion Author Idaho Posts:2,082 Points:572,100 Joined:Nov 2009	Message Posted: Apr 6, 2012 8:13:59 PM Ignore MadTraveler Report Abuse There is not shortage of fighting issues - for those that want to fight.
warlord1 Champion Author Georgia Posts:5,265 Points:1,037,900 Joined:May 2010	Message Posted: Apr 6, 2012 8:13:23 PM Ignore warlord1 Report Abuse ok
EmperorsFinest Champion Author Chicago Posts:1,564 Points:340,870 Joined:Jul 2011	Message Posted: Apr 6, 2012 8:11:39 PM Ignore EmperorsFinest Report Abuse I am willing to try it if it's cheaper.
tamiuron Champion Author Laredo Posts:1,943 Points:728,285 Joined:Jan 2011	Message Posted: Apr 6, 2012 8:10:43 PM Ignore tamiuron Report Abuse Good for US.
bababooey2 Champion Author Hartford Posts:6,367 Points:1,305,765 Joined:Sep 2009	Message Posted: Apr 6, 2012 8:08:18 PM Ignore bababooey2 Report Abuse Let the BS start.
mitchells Champion Author Montreal Posts:3,866 Points:1,126,835 Joined:Oct 2009	Message Posted: Apr 6, 2012 8:05:32 PM Ignore mitchells Report Abuse there is so much NG available, why is anyone fighting over this?
Tucker1961 Champion Author Seattle Posts:2,157 Points:363,170 Joined:Jun 2009	Message Posted: Apr 6, 2012 8:05:27 PM Ignore Tucker1961 Report Abuse don't they have rice burners over there
heysailor Champion Author Pittsburgh Posts:9,602 Points:2,336,570 Joined:Mar 2006	Message Posted: Apr 6, 2012 8:00:56 PM Ignore heysailor Report Abuse Let the Canadians win this one; keep our fuel here
methaneman Champion Author Minnesota Posts:2,610 Points:1,286,200 Joined:May 2002	Message Posted: Apr 6, 2012 7:56:12 PM Ignore methaneman Report Abuse Wait till more vehicles use nat gas. Then the price will sky rocket.
Ken2OD Champion Author Grand Rapids Posts:9,087 Points:1,974,865 Joined:Dec 2005	Message Posted: Apr 6, 2012 7:54:59 PM Ignore Ken2OD Report Abuse My new natural gas budget dropped by 30% from last year.
1cheapgasin Champion Author Indianapolis Posts:5,579 Points:1,213,740 Joined:Jul 2009	Message Posted: Apr 6, 2012 7:54:09 PM Ignore 1cheapgasin Report Abuse If I used coal they would find a way to hike the price on it too.
DABEE1073 Champion Author San Diego Posts:8,220 Points:1,576,010 Joined:Jun 2008	Message Posted: Apr 6, 2012 7:52:55 PM Ignore DABEE1073 Report Abuse WHAT EVER. GO FOR IT.
suzyq2007 Champion Author Dallas Posts:7,184 Points:1,653,850 Joined:Oct 2007	Message Posted: Apr 6, 2012 7:51:51 PM Ignore suzyq2007 Report Abuse we should keep this here for our own use and keep the prices down
TDIdave Champion Author California Posts:5,068 Points:1,227,440 Joined:May 2006	Message Posted: Apr 6, 2012 7:51:34 PM Ignore TDIdave Report Abuse hmmm.
theschmuck Champion Author Michigan Posts:2,937 Points:1,515,525 Joined:Mar 2007	Message Posted: Apr 6, 2012 7:50:14 PM Ignore theschmuck Report Abuse '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.
darkknight1 Champion Author Winston-Salem Posts:4,355 Points:898,985 Joined:Nov 2010	Message Posted: Apr 6, 2012 7:43:51 PM Ignore darkknight1 Report Abuse hmmmm
GoneUpAgain Champion Author Atlanta Posts:7,631 Points:1,349,150 Joined:May 2004	Message Posted: Apr 6, 2012 7:42:52 PM Ignore GoneUpAgain Report Abuse 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.
my2002m Champion Author Tulsa Posts:6,088 Points:1,673,205 Joined:Jul 2008	Message Posted: Apr 6, 2012 6:33:35 PM Ignore my2002m Report Abuse We need to keep it here otherwise our prices will jump and we will pay for it.
kiosk12y Champion Author Tulsa Posts:3,630 Points:684,530 Joined:Mar 2011	Message Posted: Apr 6, 2012 2:11:01 PM Ignore kiosk12y Report Abuse ok
race2IT Champion Author Fort Worth Posts:1,776 Points:726,170 Joined:Oct 2008	Message Posted: Apr 6, 2012 2:02:53 PM Ignore race2IT Report Abuse The speculators will screw it up, so don't them.
Galmar352 Champion Author San Antonio Posts:10,158 Points:1,882,625 Joined:Dec 2005	Message Posted: Apr 6, 2012 12:54:18 PM Ignore Galmar352 Report Abuse so.
BudsterMO Champion Author Kansas City Posts:3,725 Points:706,855 Joined:Aug 2009	Message Posted: Apr 6, 2012 12:38:57 PM Ignore BudsterMO Report Abuse America, enjoy the low natural gas prices while they last. Keep the Gas and Electric utilities regulated.
Digger52 Champion Author Chicago Posts:2,422 Points:851,860 Joined:Aug 2008	Message Posted: Apr 6, 2012 12:36:20 PM Ignore Digger52 Report Abuse Hmmmmm. . .
jalan25 Champion Author Indianapolis Posts:2,350 Points:573,645 Joined:Sep 2011	Message Posted: Apr 6, 2012 12:26:44 PM Ignore jalan25 Report Abuse Interesting
RichFWA Champion Author Tacoma Posts:1,185 Points:291,795 Joined:Mar 2011	Message Posted: Apr 6, 2012 12:19:01 PM Ignore RichFWA Report Abuse sounds good to me.
NorthglennBill Champion Author Denver Posts:7,442 Points:1,475,845 Joined:Oct 2008	Message Posted: Apr 6, 2012 12:17:53 PM Ignore NorthglennBill Report Abuse Better idea - lower the price for consumers in the US.
ShudBWalking Champion Author Kitchener-Waterloo Posts:3,608 Points:419,365 Joined:Oct 2006	Message Posted: Apr 6, 2012 12:17:47 PM Ignore ShudBWalking Report Abuse North America should unite, and weaken the power of given to these other countries because they have gas
SpankyMI Champion Author Kalamazoo Posts:2,728 Points:763,180 Joined:Jan 2011	Message Posted: Apr 6, 2012 12:17:23 PM Ignore SpankyMI Report Abuse Competition has always been good for the consumers hasn't it?
tessnlu Champion Author Missouri Posts:24,279 Points:1,110,165 Joined:Aug 2008	Message Posted: Apr 6, 2012 12:17:06 PM Ignore tessnlu Report Abuse Driving up prices for everyone. Greed!
hank1326 Champion Author Los Angeles Posts:8,924 Points:1,736,510 Joined:Jun 2008	Message Posted: Apr 6, 2012 12:16:05 PM Ignore hank1326 Report Abuse Time will tell the truth.
DirtDauber Champion Author San Antonio Posts:6,801 Points:1,631,460 Joined:Nov 2005	Message Posted: Apr 6, 2012 12:15:06 PM Ignore DirtDauber Report Abuse Good.
amayne11 Champion Author Vancouver Posts:1,763 Points:502,740 Joined:Nov 2011	Message Posted: Apr 6, 2012 12:14:59 PM Ignore amayne11 Report Abuse Cooperation would advance the situation faster.
gilfarm Champion Author Alabama Posts:6,811 Points:1,951,765 Joined:Sep 2005	Message Posted: Apr 6, 2012 12:14:53 PM Ignore gilfarm Report Abuse BRING IT ON!
timbyus1 Champion Author Fort Worth Posts:1,978 Points:394,435 Joined:Mar 2012	Message Posted: Apr 6, 2012 12:14:44 PM Ignore timbyus1 Report Abuse read
NotmeuQc Champion Author Montreal Posts:5,656 Points:1,135,775 Joined:Apr 2009	Message Posted: Apr 6, 2012 12:11:52 PM Ignore NotmeuQc Report Abuse 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]
wang91554 Champion Author San Jose Posts:3,190 Points:1,205,705 Joined:May 2009	Message Posted: Apr 6, 2012 12:11:48 PM Ignore wang91554 Report Abuse too much of a good thing?
72_Monte Champion Author Twin Cities Posts:7,790 Points:1,999,710 Joined:Aug 2005	Message Posted: Apr 6, 2012 12:11:09 PM Ignore 72_Monte Report Abuse The next market to see thievery.
diegotoad Champion Author Maryland Posts:3,422 Points:818,200 Joined:Jul 2009	Message Posted: Apr 6, 2012 12:09:42 PM Ignore diegotoad Report Abuse Dumb. Why not work together (ala OPEC) to make sure everyone gets the best bang for the buck.