Fracking. Are you for it or against it?

[TheBlackAdder]

30. Links... One of the reasons why the Panama Canal was widened, not just for superships, for US Export

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Oops, it's now up to 14:
http://www.ferc.gov/industries/gas/indus-act/lng/lng-approved.pdf


This is the link that makes one go, "Hmm":

The first export shipment of liquefied natural gas (LNG) produced in the Lower 48 states on February 24 is a milestone reflecting a decade of natural gas production growth that has put the United States in a new position in worldwide energy trade.

With the rapid growth of supply from shale gas resources over the past decade, U.S. natural gas production has grown each year since 2006. The resulting decline in domestic natural gas prices has led to rising natural gas exports, both via pipeline to Mexico and, since last week, to overseas markets via LNG tankers.

http://www.eia.gov/todayinenergy/detail.cfm?id=25232


"Cheniere’s competitive advantage is offering attractive options for global LNG buyers"
http://www.cheniere.com/terminals/lng/


Here are the US firms applying for LNG EXPORT production:
http://energy.gov/sites/prod/files/2016/06/f32/Summary%20of%20LNG%20Export%20Applications.pdf



Panama Canal, widening not only allows superships, but is to accomodate LNG tankers:

"By 2014, the United States was on track to become a net exporter of natural gas."

http://oilprice.com/Energy/Energy-General/Can-The-Panama-Canal-Fulfill-Its-Global-LNG-Promise.html


There's a whole shitload of stuff on this topic.

Now, we used to be a net receiver of LNG, with the existing port system we have in place. So, with U.S. becoming a 2014 NET EXPORTER, based on OilPrice's link, why is there a push to install so many LNG terminals? Has the U.S. domestic consumption multiplied exponentially in just a few years, or is it because we're really positioning to provide mass exports to other countries?

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