Sorry I feel like this is not necessarily worth a new topic but I do not know of another way to make this easily visible in this forum.
"This is a radical transformation of the petroleum business. As recently as 2011, the U.S. was a net importer of petrochemicals. In the middle of the previous decade, oil companies were clamoring for new liquefied natural gas import terminals to address the high price and shortage of gas. Today there are "10 new world-scale crackers being built" in the U.S. "on the back of all the shale gas you've found," Mr. Ratcliffe says. He foresees net petrochemicals exports from the U.S. "to the tune of $30 billion by 2018-2020."
Even given the price of natural gas bottoming out, I hate seeing the waste caused by flaring. If what Mr. Ratcliffe says is true about Europe not being likely to explore shale, does that not bode well for U.S. producers? Another question this brings to mind is, if readily exporting natural gas products has this impact then couldn't removing the export barrier do the same to oil?
Bloomberg says that the natural gas price this morning in the US is $4.26. In Japan it seems to be $16.38. I say let's sell them all they can buy.
There is a natural gas facility sitting idle at Puerto Libertad, Sonora. It was built with the intention of importing natural gas from Bolivia, but then we learned to drill and frack shale. At the same time Evo Morales came to power and that was the end of the scheme.
By shipping from Mexico, we would avoid canal fees and the overbearing EPA. Let's do it.