Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:55 PM

GasBuddy News Article

46
votes
U.S. natural gas prices reshaping global market

Market Watch -- The U.S. natural gas bonanza is pushing suppliers in other regions to lower prices in some contracts even before the country ships its first cargo of liquefied natural gas overseas.

The supply glut unleashed by hydraulic fracturing has made U.S. natural gas much cheaper than anywhere else in the world. The price differential is a powerful incentive for companies seeking to export it, and the first cargoes are expected in the middle of this decade. But the ripple effect is already being felt, as companies in Japan, Chile and other countries are already trying to factor in the U.S. market's stable prices to change the way natural gas has been traded globally for years.

"Even if the U.S. is not yet exporting LNG, it is already having an impact on suppliers around the world," said Leslie Pa


Read the Full Article

Submitted Dec 13, 2012 By: skb69sa
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: U.S. natural gas prices reshaping global market Back to Topics
REPLIES (newest first) Post a Reply
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
Message Posted: Dec 14, 2012 10:32:26 PM


Interesting article! Thanks for posting.
bevmill
Champion Author Georgia

Posts:5,596
Points:1,360,990
Joined:Apr 2006
Message Posted: Dec 14, 2012 6:42:15 PM

Hope this keeps natrual gas prices low in the states.
sydb7
Champion Author Atlanta

Posts:5,922
Points:2,599,490
Joined:Mar 2003
Message Posted: Dec 14, 2012 5:29:06 AM

This is not going to affect prices on the domestic market as this new found gas is for export!
DrCashFlow
Champion Author Massachusetts

Posts:10,172
Points:2,381,235
Joined:Jun 2008
Message Posted: Dec 14, 2012 3:54:36 AM

There's hope for world economies when a material input cost is heading south
METEOR49
Champion Author Ontario

Posts:5,425
Points:1,232,535
Joined:Apr 2011
Message Posted: Dec 14, 2012 12:11:35 AM

why hasn't it affected oil prices the same way, we have a glut of that too .
judgemobile
Champion Author Ohio

Posts:10,814
Points:3,222,425
Joined:Nov 2005
Message Posted: Dec 14, 2012 12:08:20 AM

get the environmentalist wackos out of the way, and prices will drop to where they were in May: about $ 1.91 (now well over $ 3)
gasmack
Champion Author Ventura

Posts:4,036
Points:1,380,355
Joined:Feb 2011
Message Posted: Dec 14, 2012 12:07:00 AM

Hmmmmm.....
boatfloyd
Champion Author Jacksonville

Posts:5,007
Points:1,164,715
Joined:Mar 2012
Message Posted: Dec 14, 2012 12:07:00 AM

We can sell it cheap.
Ferdman17
Champion Author Albany

Posts:4,337
Points:1,142,430
Joined:Feb 2012
Message Posted: Dec 14, 2012 12:05:53 AM

It's a great idea until the tree huggers get there way.
billy44bo
Champion Author Mobile

Posts:10,249
Points:2,251,885
Joined:Feb 2008
Message Posted: Dec 14, 2012 12:05:35 AM

And this is bad how?
RitaVespa
Champion Author Oregon

Posts:4,089
Points:1,445,905
Joined:Jan 2011
Message Posted: Dec 14, 2012 12:02:48 AM

Interesting
jim27106
Champion Author North Carolina

Posts:1,001
Points:1,429,235
Joined:Feb 2009
Message Posted: Dec 14, 2012 12:02:38 AM

When the drillers have to pay for the water supplies they polute (Dimock, PA; Buffalo, WY) that is going to change.
cheaper0ON
Champion Author Ontario

Posts:4,180
Points:1,173,005
Joined:Jan 2012
Message Posted: Dec 14, 2012 12:01:48 AM

Good.
Robert44
Champion Author Columbus

Posts:4,925
Points:1,822,795
Joined:Mar 2004
Message Posted: Dec 13, 2012 11:59:30 PM

Great news!!!
clermont40miles
Champion Author Cincinnati

Posts:14,664
Points:2,543,460
Joined:Apr 2008
Message Posted: Dec 13, 2012 11:55:26 PM

This is good and will last unless the greenies shut down fracking.

And make no mistake that EcoNutz intend to stop anything that helps America.
joeschmo12
Champion Author New York

Posts:1,398
Points:385,030
Joined:Mar 2012
Message Posted: Dec 13, 2012 11:53:28 PM

our country will be a monster @ exporting this stuff.
Red7002011
Champion Author Mississippi

Posts:6,563
Points:1,442,650
Joined:Jul 2011
Message Posted: Dec 13, 2012 11:52:33 PM

Really!
fuelsaverMN
Champion Author Twin Cities

Posts:2,282
Points:559,080
Joined:Mar 2011
Message Posted: Dec 13, 2012 11:52:17 PM

WHEN WILL I BE ABLE TO AFFORD ANY VEHICLE-HYBRID,ELECTRIC,OTHERS.....NEVER.
fuelsaverMN
Champion Author Twin Cities

Posts:2,282
Points:559,080
Joined:Mar 2011
Message Posted: Dec 13, 2012 11:51:12 PM

yES IN A GOOD WAY?
SavALot
Champion Author Virginia Beach

Posts:10,870
Points:2,446,910
Joined:Apr 2005
Message Posted: Dec 13, 2012 11:50:41 PM

hopefully it's reshaped in a good way
BREW9
Champion Author Tampa

Posts:4,107
Points:3,687,860
Joined:Jun 2004
Message Posted: Dec 13, 2012 11:47:57 PM

ok
marion1739
Champion Author Missouri

Posts:2,880
Points:982,810
Joined:Jan 2011
Message Posted: Dec 13, 2012 11:44:15 PM

Till they go up faster than oil by one of the created shortages
diabloMN
Veteran Author Twin Cities

Posts:362
Points:226,370
Joined:Apr 2011
Message Posted: Dec 13, 2012 11:41:23 PM

ok
Yonkers111
Champion Author Scranton

Posts:8,344
Points:859,325
Joined:Apr 2007
Message Posted: Dec 13, 2012 11:40:01 PM

Let's get the oil now.
speedys
Champion Author Utah

Posts:10,241
Points:3,335,080
Joined:Nov 2005
Message Posted: Dec 13, 2012 11:38:51 PM

Only time will tell.
pgerassi
Champion Author Milwaukee

Posts:14,146
Points:2,905,640
Joined:Apr 2007
Message Posted: Dec 13, 2012 11:37:44 PM

My heating bill is mostly fixed charges. I used only 12 therms last month which cost me just $6.48. I paid another $18 in charges for meter reading, connection, billing and fees.
mcmonsta
Champion Author Honolulu

Posts:6,179
Points:1,583,095
Joined:Sep 2009
Message Posted: Dec 13, 2012 11:37:42 PM

now let us not screw this up for our own nation
MG_Sputnik
Champion Author Philadelphia

Posts:10,323
Points:2,728,355
Joined:Apr 2006
Message Posted: Dec 13, 2012 11:35:14 PM

They'll find a way to screw us over.
feldagast
All-Star Author Toledo

Posts:931
Points:121,665
Joined:Aug 2005
Message Posted: Dec 13, 2012 11:32:57 PM

0bama hasn't found a way to shut it down yet
mstearno
Champion Author Dayton

Posts:9,680
Points:2,355,030
Joined:Jan 2008
Message Posted: Dec 13, 2012 11:28:53 PM

flognut
do you think Obama understands that?
karlet
Veteran Author Pittsburgh

Posts:281
Points:93,425
Joined:Sep 2009
Message Posted: Dec 13, 2012 11:27:06 PM

Funny though, my heating bill does not seem much lower.
FlogNut
Champion Author Chicago

Posts:117,895
Points:2,743,750
Joined:Oct 2007
Message Posted: Dec 13, 2012 11:24:31 PM

Amazing!!!!! A large increase in supply has a downward impact on prices! Whoda thunk it???
DEG
Champion Author Las Vegas

Posts:20,736
Points:4,242,380
Joined:Jul 2003
Message Posted: Dec 13, 2012 11:23:05 PM

Put an export tax on CNG/LNG.
lowspeed
Champion Author Akron

Posts:3,906
Points:964,680
Joined:Aug 2008
Message Posted: Dec 13, 2012 11:23:04 PM

good for us
fowlcan
Champion Author Oklahoma City

Posts:3,781
Points:1,392,030
Joined:Feb 2011
Message Posted: Dec 13, 2012 11:22:45 PM

Interesting article. Go CNG!
gd83goldwinger
Champion Author South Bend

Posts:2,584
Points:794,580
Joined:May 2011
Message Posted: Dec 13, 2012 11:19:03 PM

Lower prices will never be seen. They will make it out as this or that.
GNo1
Champion Author Nashville

Posts:4,021
Points:1,151,340
Joined:May 2011
Message Posted: Dec 13, 2012 11:15:14 PM

ok
Vette1967
Champion Author Albany

Posts:9,205
Points:2,053,220
Joined:Jun 2009
Message Posted: Dec 13, 2012 11:14:49 PM

Some interesting pricing may be coming our way in the short term only to be jacked up later.
ktbaeohana
Champion Author Las Vegas

Posts:5,066
Points:1,149,510
Joined:Mar 2010
Message Posted: Dec 13, 2012 11:12:43 PM

watch and see.
abcdMA
Champion Author Worcester

Posts:11,112
Points:2,338,440
Joined:Nov 2008
Message Posted: Dec 13, 2012 11:10:32 PM

We need to use more of our own natural gas
suzmar
Champion Author Texas

Posts:3,497
Points:1,446,015
Joined:Jun 2006
Message Posted: Dec 13, 2012 11:06:37 PM

We need to exploit our resources as OPEC as exploited theirs.
SandeeC
Champion Author Ontario

Posts:3,334
Points:503,460
Joined:Apr 2011
Message Posted: Dec 13, 2012 11:06:23 PM

So get the infrastructure in there and lower priced vehicles to use it. The faster the better the way the price is oil is predicted to go.
postcard9
Champion Author Massachusetts

Posts:1,809
Points:956,470
Joined:May 2011
Message Posted: Dec 13, 2012 11:05:11 PM

Find a way to use more of it in U.S.
lsb1955
Champion Author Salt Lake City

Posts:5,264
Points:1,293,465
Joined:Aug 2011
Message Posted: Dec 13, 2012 11:03:48 PM

cheaper than oil
Harry813
Champion Author Iowa

Posts:4,724
Points:1,344,195
Joined:Jul 2011
Message Posted: Dec 13, 2012 11:03:12 PM

We should be using more of it here!
Lukus
Champion Author Halifax

Posts:11,364
Points:2,427,415
Joined:Nov 2007
Message Posted: Dec 13, 2012 11:02:34 PM

OK be great if it were gas prices.
prorodeo2012
All-Star Author Bakersfield

Posts:560
Points:570,445
Joined:Sep 2012
Message Posted: Dec 13, 2012 10:59:31 PM

Yikes!!!
mlmeng
Champion Author Michigan

Posts:4,870
Points:1,367,865
Joined:Mar 2011
Message Posted: Dec 13, 2012 10:59:27 PM

Lets get more CNG cars.
Lbro
Champion Author Denver

Posts:3,088
Points:783,010
Joined:Jan 2004
Message Posted: Dec 13, 2012 10:57:47 PM

Wow!
wayoung56
Champion Author Alabama

Posts:5,901
Points:1,576,435
Joined:Oct 2006
Message Posted: Dec 13, 2012 10:56:36 PM

Hmmm...
kbierley
Champion Author Dayton

Posts:10,767
Points:1,422,395
Joined:Nov 2003
Message Posted: Dec 13, 2012 10:56:30 PM

Go for it!
Post a reply Back to Topics