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Could Natural Gas Exports Hurt Manufacturing Growth?

“Anything that depletes the oversupply of natural gas should improve the price domestically, of course,” said Gene Powell, publisher and editor of Powell Shale Digest in Fort Worth. “We can get triple or more of the [U.S.] price for exports.”

We have been hearing this same argument among manufacturers in San Antonio. If the US decides to export natural gas, where price for natural gas is 3x higher than can be had in the domestic market, that will reduce domestic supply and drive up the price of gas making local petrochemical production more costly. More broadly, higher natural gas prices, especially among big consumers of gas, could also hurt local manufacturing competitiveness and plans for expansion.

via Gas exports could bring Dallas face to face with fracking | Jim Landers Columns – Business News for Dallas, Texas – The Dallas Morning News.

The Department of Energy report referenced in the article can be found here: http://www.fossil.energy.gov/programs/gasregulation/reports/nera_lng_report.pdf


About NorthwestExpat

Economic developer and hobbyist photographer. My passions are family, skiing, hiking, Newfs, travelling and exploring the Great Northwest.


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