The market will ultimately cap the amount of natural gas that the United States exports, not policymakers, said an executive with CIBC World Markets at the Energy Information Administration’s Energy Conference Tuesday in Washington, DC. Hypothetically, “if we were to see Henry Hub prices in the $5.00-7.00/Mcf range, it would make incremental [liquefied natural gas export] projects difficult,” said CIBC World’s head of commodity strategy Katherine Spector. CIBC is a unit of the Canadian Bank of Commerce. “There is a point that this [exports] will not make economic sense…I don’t know what the magic number is.” When natural gas in Asia is priced at $16.00, and gas at Henry Hub is $2.00-3.00, “it’s a no brainer.”
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Articles from Policymakers
University at Buffalo: ‘No Plans’ to Alter Shale Institute Operations
The University at Buffalo (UB) will not change the operations of the Shale Resources and Society Institute (SRSI), despite a controversy over an SRSI hydraulic fracturing (fracking) study that threatened to overshadow its conclusions, UB said.
July 2, 2012
Ohio Grad Students Pen Report on Avoiding Shale Boom/Bust
Two graduate students at The Ohio State University say their state’s policymakers should levy appropriate taxes on the oil and gas industry, be wary of hidden shale extraction costs and commit to good governance if they want to avoid the perils of boom-and-bust cycles common to other regions of the country rich in natural resources.
June 11, 2012
Coal Mine Water Said Feasible for Shale Drilling
Abandoned coal mines in Pennsylvania may be a technically viable source of water for hydraulic fracturing (fracking) operations, but economics and regulations ultimately could decide whether operators find the solution feasible, according to a recent report by the Rand Corp.
April 20, 2012
Report: Canada’s Development of Shale, Oilsands Could Impact Water
A nonprofit economic and public policy research firm is warning policymakers in Western Canada that shale gas development in British Columbia (BC) and oilsands development in northern Alberta are “stress points” that could negatively impact water quality and supplies if not properly regulated.
March 27, 2012
ExxonMobil: Energy Made in U.S.A. by 2040
Energy imports into the United States and Canada will be “down to almost zero” by 2040, an ExxonMobil Corp. executive said Thursday.
December 12, 2011
Shale a ‘Grand Slam’ for Demand Growth, Say Experts
Barring an intervention by policymakers to restrict hydraulic fracturing, and as long as there is a worldwide economic recovery, steady growth will continue within the natural gas industry through 2030 because of growing worldwide demand, energy experts said last week.
November 9, 2011
Want Jobs? Drill Shale, Statistics Indicate
Two counties in western Pennsylvania, which is in a red hot region of the Marcellus Shale, were among the top 10 in the nation for employment gains in large counties between March 2010 and March 2011, according to the U.S. Bureau of Labor Statistics.
October 5, 2011
Hess CEO Urges ‘Strategic Vision’ For U.S. Energy Policy
Hess Corp.’s chief executive last week warned of an impending energy crisis and urged policymakers to formulate a comprehensive energy policy that would put the United States on solid footing.
October 3, 2011
Hess CEO Urges ‘Strategic Vision’ For U.S. Energy Policy
Hess Corp.’s chief executive on Tuesday warned of an impending energy crisis and urged policymakers to formulate a comprehensive energy policy that would put the United States on solid footing.
September 29, 2011
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