He said as much at least three times in the speech. To wit: "We have an opportunity, Mr. President, right now to make it easier for the United States to export our own gas." "We can signal to the European markets that alternative supplies will be available soon." "We can immediately apply more pressure to the region's gas prices."
the century. "Energy for us could be a powerful weapon to counter Russian aggression," Barrasso intoned.
approve gas exports, pushing the United States into a "danger zone" that could raise prices and harm the economy. Environmental groups worry that tentative approval of several large export projects may accelerate a fracking boom they say could harm public health and the environment.
Some large manufacturers that use natural gas say the department is moving too quickly to Nike Jacket Colorful
Industry groups, meanwhile, say the administration is moving too slowly, with just one of nearly two dozen proposed LNG export terminals given final approval in the past two years. Four other projects have received conditional backing. to lose billions of dollars in the global gas market, said Margo Thorning, director of the Act on LNG campaign, an advocacy group that supports gas exports. competitive in a global market.
The strategy Barrasso set forth holds great promise in the long run.
Putin's incursion into Crimea was the act of a consummate opportunist. He knew that the United States could not supply the instant gratification that Barrasso presumed. Putin's expansionist time horizons are measured in months, not years.
That had to sound good to an administration flailing in its search for countermeasures. How soon could this weapon be deployed? To hear Barrasso tell it, the answer is "yesterday."
The seven LNG export terminals that have been approved will be completed between 2015 and 2020 at the earliest. Moreover, the countries of Eastern Europe lack the infrastructure necessary to receive American gas. In short, it's still advantage Russia and will be for a long time.
Most business groups back LNG exports as a way to reduce the nation's trade deficit and support thousands of jobs. But some manufacturers that use natural gas as a raw material or fuel source oppose exports, saying they could drive up domestic prices and increase manufacturing costs.
The land grab in Crimea has turned Russian President Vladimir Putin into every American politician's favorite foreign leader punching bag. Barrasso chimed in with some fighting words of his own. Despite their passion, however, they lacked an important characteristic: plausibility.
Major companies, including Dow Chemical Co., aluminum producer Alcoa Inc. and steelmaker Nucor Corp., are working together as members of America's Energy Advantage to limit exports. The group argues that the Energy Department has no legal standards for approving exports and is using a flawed study to support its finding that such projects are in the public interest.
On the other side, the National Association of Manufacturers said the Obama administration is in danger of violating treaty obligations under the World Trade Organization by restricting exports of coal and natural gas Nike Sportswear Tech Fleece Men's Funnel-neck Hoodie to energy hungry countries in Asia and Europe.
The Energy Department "understands the significance of this issue as well as the importance of getting it right," said Paula Gant, deputy assistant energy secretary for oil and natural gas.
The drilling boom has prompted a push by American oil companies to export crude oil for the first time since the Arab oil embargo in the early 1970s. Energy Secretary Ernest Moniz suggested at an industry gathering last month that it may be time to revisit the ban on crude exports. could become a net gas exporter by 2020. Moniz, who took over as energy secretary last year, has pledged to move "expeditiously" on pending applications to export natural gas.
If built, the projects already given tentative or final approval would export about 6.7 billion cubic feet of natural gas a day, Nike Jackets For Men Black
enough to meet the needs of nearly 70,000 homes for one year. And that is just the beginning. The proposals considered so far represent less than one quarter of the total amount energy companies are seeking to export. should act now, before other countries such as Russia or Iran approve export projects that could help meet growing energy demands in Asia and other parts of the world.
The push for LNG exports comes amid a boom largely resulting from a drilling technique known as hydraulic fracturing, or fracking, which involves pumping huge volumes of water, sand and chemicals underground to split open rocks to allow oil and gas to flow. Improved technology has allowed energy companies to gain access to huge stores of natural gas underneath states from Wyoming to Pennsylvania but has raised widespread concerns that it might lead to groundwater contamination and even earthquakes. Energy Information Administration. However, gas prices remain low in historical terms. Increased production kept 2013 prices at the second lowest level in the past decade, the EIA said. natural gas production is expected to grow by about 2 percent this year, the EIA projects.
To put it kindly, the Soviet Union and its successor, the Russian Federation, have long played fast and loose with the truth. senator, John Barrasso, uttered last week did not rise to the Russians' and Soviets' level of deceit, but in the truth department, it left a lot to be desired.
It was great political theater. It might have even scored Barrasso some Brownie points in the Russia Haters' Club. Unfortunately, it was just a bunch of hot air.
Barrasso needs to come to grips with the present constraints on the United States' ability to rival Russia as an energy supplier.
In a floor speech to his Senate colleagues on March 25, Barrasso urged Congress and the White House to use the cudgel of liquefied natural gas exports to punish Putin for the Crimea of Nike Running Jacket Waterproof
Slow walk or 'danger zone'
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