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Retread
02-02-2012, 08:37 PM
The debate over U.S. exports of liquefied natural gas (LNG) is kicking into high gear with the latest study by the U.S. Energy Information Administration (EIA) indicating higher natural gas prices and increased costs to energy consumers.

While the finding is probably correct, the other shoe yet to fall is that drilling for gas has almost ceased and will not restart until the price returns to a profitable level ($4-6/mmcf minimum) Some producers have even shut in production waiting on the price to rise.

Natural Gas, Electricity Prices Will Go Up With LNG Exports (http://http://www.epmag.com/Production-Field-Development/EIA-Natural-Gas-Electricity-Prices-Go-With-LNG-Exports_95151?utm_source=sp&utm_medium=em&utm_campaign=3195544-February%2002,%202012&utm_term=EPBuzz%20February%2002%202012%20%281%29&utm_content=578623#)