Is it unpatriotic to export US natural gas overseas?
Opponents argue that exporting the fossil fuel puts the manufacturing renaissance at risk.
Freaking has been around for over 40 years. You would think that this type of extraction is new technology listening to the media and liberals.
Cranking up the production of oil and natural gas would increase good paying jobs, and the exportation of diesel and natural gas (LNG) would reduce our balance of payments. We would also be helping our allies like the UK and Japan who desperately need cheaper energy. It is a win, win proposition for the US. Opponents cite this phony baloney BS like it is unpatriotic.. Those companies like Dow are worried that their costs might go up a small amount. Too bad for these greedy companies.
I can see the point of keeping our own natural resources here at home. Everything has a cost attached to it, allowing our internal resources to be subject to an international bidding war is good for producers and big banks and helps boost exports, but often causes higher domestic prices and thus lowered consumer purchasing power. It drags on other sectors of the economy.
I might agree with the concept of international market pricing if commodities were bought and sold only between producer and consumer, but as a procurement professional with 35 years of commodity exposure, I can tell you that big banks and hedge funds can add 35% easily to the cost of any commodity just from the speculative nature of their business. And it's so easy to snooker these Harvard educated weanies with false reports of production shutdowns; they wet their pants and bid the price up every time. The lax regulatory environment in some international markets also adds to the price of commodities that you and I pay for.
Keep it at home; up or down, we get a more accurate market price domestically.
We are now having a new problem with global warming-the arctic is so cold the polar bears can't eat anymore so they are killing baby seals just for fun.We must not produce anymore electic cars or an Ice Age may come down on us.
With people in this country getting their water from their wells contaminated from bringing that gas out of the ground don't you dare sell it overseas to keep the price up.
Here we go f----ing up again where are the tea party groups on this one we cannot let our resource rich nation be exploited by other countries,a service oriented economy does nothing to help the overall economy unless we have a tourist based economy who wants to come here murder capital of the world. Why not somewhere safer Afghanistan or Syria come to mind.
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