First Marcellus Fracked Gas Export Permit Approved by Energy Dept

[Champion Jack]

Think that this natural gas "boom" means 100 years of safe and clean American energy independence....think again.
The US will now be obligated to deliver LNG to Japan, Great Britain, China, and Norway, and that means that every inch of the Marcellus will need to be exploited to meet the overseas demand, at all costs.
Rural communities, state parks, game lands, agriculture areas, etc., will all be sacrificed.
The shale regions on top the Marcellus, the Utica, and the Upper Devonian are going to be decimated.

The regions that are off-the-shale like Philadelphia, Delaware, New Jersey are going to be transformed into a toxic, polluted industrial network of pipelines, compressor stations, metering stations, dehydrating stations, and refineries, because don't think that they are not going to go after the shale oil that is also in all of the shale plays here.



http://www.desmogblog.com/2013/09/11/breaking-1st-ever-marcellus-shale-fracked-gas-export-permit-approved-doe

[FreakinDJ]

1. Higher Electricity prices soon to follow

Most of our electricity is Generated by Natural Gas Fired Power Plants. Just wait until electric rates jump 300%

[earthside]

2. We've been conned.

I just finished reading this book:

Cold, Hungry and in the Dark: Exploding the Natural Gas Supply Myth
by Bill Powers

( http://www.amazon.com/Cold-Hungry-Dark-Exploding-Natural/dp/0865717435/ref=sr_1_2?ie=UTF8&qid=1378992607&sr=8-2&keywords=dark%2C+hungry )

This book is documented and well researched ... the shale gas bubble is already bursting.
We do not have a hundred years of natural gas with which to generate all of our electricity and run all of our cars.
T Boone Pickens, the energy companies and government/corporate bureaucrats have conned the American people into yet another pie-in-the-sky scheme that will make them more rich and powerful and leave us with just more expensive energy.

An LNG permit for 20 years will collapse when there isn't any gas to export ... what then?

[Champion Jack]

3. yeah, here's an interesting comment from the Orig link

Wed, 2013-09-11 16:34 — Michael Berndtson

Let me see here. The latest figure for proven reserves throughout Appalachia (Marcellus) is 31 trillion cubic feet. http://www.eia.gov/naturalgas/crudeoilreserves/

Appalachia states (New York, New Jersey, Maryland, Pennsylvania, Virginia, Delaware, West Virginia, North Carolina) consume as of 2011 3,833 billion cubic feet of gas per year or 3.8 trillion cubic feet. The US consumes 24.4 trillion cubic feet.

http://www.eia.gov/dnav/ng/ng_cons_sum_dcu_nus_a.htm

So we want to ship 0.77 billion cubic feet per day or 280 billion cubic feet per year of gas overseas? That alone could gas up Maryland and Delaware for the year. Why are we sending natural gas overseas other than to trade on the world market to make a few commodity traders really rich and to keep the price up for O&G to keep drilling? Hell New York is building the Ambrose LNG plant to receive gas from someone somewhere. So LNG will go in and out.

Put it this way, if the Marcellus was only to supply state's sitting over the formation there'd only be about 8 years of gas (31 trillion in proven reserves / 3.8 consumed per year).

[pscot]

4. Comment on the economics of shale gas

from an Amazon reviewer who identifies as a petroleum geologist:

while shale gas has added supply, almost all shale gas plays are intrinsically unprofitable. You can drill them with monopoly money, publicly traded company money and Ponzi scheme money but it doesn't make sense if the money is coming out of your back pocket.

Also, the "shale gassers" use of BOE is a joke. Barrel of oil equivalent is a euphemism for lying to the public. The only meaningful barrel of oil equivalent is based on dollar value. The dollar value BOE ratio of crude oil to natural gas is about 25. The BOE that the Shale Pundits use is BOE equivalent based on BTU heating value. BTU BOE is about 6. Therefore, when the Shale Pundits talk about BOE reserves they are telling you a fourfold lie. The only BOE that matters is gas revenue relative to oil not BTU.