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Joined: Dec 2005
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Campfire Tracker
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Campfire Tracker
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Bidens LNG policy has been Trumped! Who would have thought Biteme is doing what Trump tried to do, and was refused by the losers in the German government!
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Joined: Oct 2005
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Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
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Right now the supply of LNG is the US is 12% below 5 year average.
The Biden Administration is going to export almost 12 Billion cubic feet per day of LNG. This is an increase of about 17%.
Looks like Germany won’t be freezing to death after all, but we are going to be footing the bill. A large LNG tanker ship can carry about 5.5 billion cubic feet of LNG. So roughly 2.15 takers will have to pull into a European port every day to supply 12 billion cubic feet of LNG every day. A fast tanker can make the trip in 10 days. Germany alone uses 8.6 billion cubic feet of LNG a day. Bottom line, America can't ship enough LNG to Europe to compensate for the loss of Russian LNG,...and oil is another issue.
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Joined: Jun 2012
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Campfire Ranger
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Campfire Ranger
Joined: Jun 2012
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How exactly are "we are going to be footing the bill" by selling LNG to a foreign customer? You says we are selling, …and what happens to the price of OUR Energy when the supply decreases drastically. Is the EU is paying Russia the same as they were a year ago? If not, what caused their increases in prices, certainly not a decrease in supply, RIGHT. IDIOT. you should probably have an understanding of things first. maybe try reading something other than Alex Jones. if E&P companies are selling more gas, and prices are high they are going to bring more into production. HH index is currently $8.81/Mcu. there isn't an operating company out there that is going to lay down their rigs and stack them at that price
The government plans these shootings by targeting kids from kindergarten that the government thinks they can control with drugs until the appropriate time--DerbyDude
Whatever. Tell the oompa loompa's hey for me. [/quote]. LtPPowell
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Joined: Jan 2002
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Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,879 Likes: 5 |
Right now the supply of LNG is the US is 12% below 5 year average.
The Biden Administration is going to export almost 12 Billion cubic feet per day of LNG. This is an increase of about 17%.
Looks like Germany won’t be freezing to death after all, but we are going to be footing the bill. A large LNG tanker ship can carry about 5.5 billion cubic feet of LNG. So roughly 2.15 takers will have to pull into a European port every day to supply 12 billion cubic feet of LNG every day. A fast tanker can make the trip in 10 days. Germany alone uses 8.6 billion cubic feet of LNG a day. Bottom line, America can't ship enough LNG to Europe to compensate for the loss of Russian LNG,...and oil is another issue. That's a static analysis, presuming that nothing else will change except no Russkie gas. The Dutch Groningen field alone has more than 450 Billion cubic meters of known reserves, one of the 10 largest fields in the world. The Brits and Norse also have available fields that can be increased, and there are lesser fields that can be re-opened as well. There's still much left wing gnashing of teeth about opening these resources, as if burning Russkie gas was better than EU gas, but when grandma gets cold, and crops come in short enough to spike prices, perspectives change. The loudest carry the debate for as long as things aren't particularly serious. Politics is a game of brinkmanship, and we aren't close to the brink yet.
Sic Semper Tyrannis
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Joined: Oct 2008
Posts: 5,312
Campfire Tracker
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Campfire Tracker
Joined: Oct 2008
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we know this isnt arriving in Europe at "cost"... where/who is making the profit...follow the money.
.... like tears in the rain
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Joined: Oct 2021
Posts: 10,857 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,857 Likes: 3 |
Right now the supply of LNG is the US is 12% below 5 year average.
The Biden Administration is going to export almost 12 Billion cubic feet per day of LNG. This is an increase of about 17%.
Looks like Germany won’t be freezing to death after all, but we are going to be footing the bill. A large LNG tanker ship can carry about 5.5 billion cubic feet of LNG. So roughly 2.15 takers will have to pull into a European port every day to supply 12 billion cubic feet of LNG every day. A fast tanker can make the trip in 10 days. Germany alone uses 8.6 billion cubic feet of LNG a day. Bottom line, America can't ship enough LNG to Europe to compensate for the loss of Russian LNG,...and oil is another issue. You do realize that other nations are shipping LNG to Europe? Maybe you didn’t realize that.
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Joined: Nov 2008
Posts: 19,582 Likes: 9
Campfire Ranger
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Campfire Ranger
Joined: Nov 2008
Posts: 19,582 Likes: 9 |
Only an idiot stupid enough to believe in the jab, and hates America enough to send tax money to the ukraine would think it's ok to send nat gas to Europe to save them from their own bad decisions at the potential expense of domestic American ng needs.
Just wait until the food shipments start heading out, after actively destroying via physical sabotage (destroying processing plants) and financial pressure (fuel/fertilizer/etc) our own ability to produce a surplus.
MAGA
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Joined: Jul 2018
Posts: 10,691
Campfire Outfitter
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Campfire Outfitter
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Just in time for Brandon to claim he saved Europe right before the mid terms.
Progressives are the most open minded, tolerant, and inclusive people on the planet, as long as you agree with everything they say, and do exactly as you're told.
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Joined: Oct 2021
Posts: 10,857 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,857 Likes: 3 |
Just in time for Brandon to claim he saved Europe right before the mid terms. Yep, that and him already touting how HE made the price of gasoline go down as echoed by Janet Yellen.
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Joined: Apr 2005
Posts: 3,765
Campfire Tracker
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Campfire Tracker
Joined: Apr 2005
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There are lots of capped gas wells in the west just waiting for a market. Sell it.
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Joined: Oct 2021
Posts: 10,857 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,857 Likes: 3 |
There are lots of capped gas wells in the west just waiting for a market. Sell it. BP In the Durango northern area has over 3000 wells and over 800 compressors capable of producing about 650 million scf/d. Their southern region around Farmington is capable of about 250 million scf/d. All of it coal bed methane. BP should be making some good bank with those 2 operations. Last I was involved they were producing what they could compress and put into the transit system.
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Joined: Jun 2012
Posts: 17,101
Campfire Ranger
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Campfire Ranger
Joined: Jun 2012
Posts: 17,101 |
There are lots of capped gas wells in the west just waiting for a market. Sell it. BP In the Durango northern area has over 3000 wells and over 800 compressors capable of producing about 650 million scf/d. Their southern region around Farmington is capable of about 250 million scf/d. All of it coal bed methane. BP should be making some good bank with those 2 operations. Last I was involved they were producing what they could compress and put into the transit system. we are selling 750M a month from our assets in the Marcelus alone
The government plans these shootings by targeting kids from kindergarten that the government thinks they can control with drugs until the appropriate time--DerbyDude
Whatever. Tell the oompa loompa's hey for me. [/quote]. LtPPowell
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Joined: Dec 2003
Posts: 86,287 Likes: 27
Campfire Oracle
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Campfire Oracle
Joined: Dec 2003
Posts: 86,287 Likes: 27 |
How exactly are "we are going to be footing the bill" by selling LNG to a foreign customer? You says we are selling, …and what happens to the price of OUR Energy when the supply decreases drastically. Is the EU is paying Russia the same as they were a year ago? If not, what caused their increases in prices, certainly not a decrease in supply, RIGHT. IDIOT.
https://en.mercopress.com/2022/02/2...eplace-much-of-russia-s-supply-to-europe7 month old sources are the best.
If you take the time it takes, it takes less time.
--Pat Parelli
American by birth; Alaskan by choice.
--ironbender
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Joined: Oct 2021
Posts: 10,857 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,857 Likes: 3 |
There are lots of capped gas wells in the west just waiting for a market. Sell it. BP In the Durango northern area has over 3000 wells and over 800 compressors capable of producing about 650 million scf/d. Their southern region around Farmington is capable of about 250 million scf/d. All of it coal bed methane. BP should be making some good bank with those 2 operations. Last I was involved they were producing what they could compress and put into the transit system. we are selling 750M a month from our assets in the Marcelus alone Thats a nice chunk. I lost track of what the Hayneville is doing since BHP got in then back out . It’s a good play and Petrohawk did excellent development before selling out. I’m looking for some more attempts at the Tuscaloosa Marine shale play. That’s a complex reservoir and takes some doings ($) to get a payback but with prices and the markets like they are now I’d expect some activities to be generated.
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Joined: Feb 2009
Posts: 11,920
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2009
Posts: 11,920 |
They still flair off a crap load of gas out here.
We have a large reserve of gas in the ground that just needs to be used.
No need to drill new wells because the ones on line are making more than we can use or store,that is why the price went into the toilet a year or so ago.
At least it is being sold not given away.
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Joined: May 2016
Posts: 60,641 Likes: 32
Campfire Kahuna
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Campfire Kahuna
Joined: May 2016
Posts: 60,641 Likes: 32 |
I am MAGA.
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Joined: Oct 2021
Posts: 10,857 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,857 Likes: 3 |
we know this isnt arriving in Europe at "cost"... where/who is making the profit...follow the money. You ain’t joking money is being made. Chenierre Energy is doing quite well with LNG.
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Joined: Oct 2021
Posts: 10,857 Likes: 3
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,857 Likes: 3 |
They still flair off a crap load of gas out here.
We have a large reserve of gas in the ground that just needs to be used.
No need to drill new wells because the ones on line are making more than we can use or store,that is why the price went into the toilet a year or so ago.
At least it is being sold not given away. Surprised if the flaring is continuous. The Texas railroad commission don’t like waste but if it’s sour gas the producers might get a bye to flare in order to keep a facility online.
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Joined: Nov 2002
Posts: 33,758 Likes: 7
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2002
Posts: 33,758 Likes: 7 |
Wait until the new LNG facility comes on in Plaquemines Parish next year, it can handle another 3 billion per day when fully complete.
I thought when we exported stuff it was good. Only if we get paid for the exports Knowing the A Hole in office he will probably pay them to take it. A lot of funny posts here but this one tops them all.
Conduct is the best proof of character.
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Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
The good news is, Europe will have *some* LNG. The bad news is that it's going to cost 10X as much as before. https://www.reuters.com/business/energy/european-gas-storage-track-meet-target-cost-2022-08-04/European countries are on track to reach a gas storage filling target by the start of this winter, but the cost of replenishing stocks will be over 50 billion euros ($51 billion), 10 times more than the historical average of filling up tanks for winter.
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