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2004-04-27 Home Front: Politix
Greenspan: High oil prices here to stay
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Posted by Mark Espinola 2004-04-27 6:24:33 PM|| || Front Page|| [1 views since 2007-05-07]  Top

#1 The U.S. natural gas supply is nearly all from domestic sources. A very small portion of US natural gas consumed is imported from Canada. An extremely small proportion is liquefied natural gas (LNG). LNG importing facilities are extremely limited at present. The increase in LNG import facilities needs to be "vast". These natural gas facts are little known, and always omitted from discussion of energy prices and whether or not to allow more domestic well drilling. This article hints at the situation, but doesn't state it well.
Posted by Tresho 2004-04-27 10:11:50 PM||   2004-04-27 10:11:50 PM|| Front Page Top

#2 Because of the difficulty of transporting it (You need a lot of infrastructure), natural gas can be purchased for close to a zero price in many (most?) places in the world.
Posted by Phil_B 2004-04-27 10:28:13 PM||   2004-04-27 10:28:13 PM|| Front Page Top

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