American consumers are low
priority for big oil, gas companies
Monday, June 23, 2014 4:37 AM
My Minnesota Energy even pay for natural gas went up $50 a month. An elderly friend's went up $40. The U.S. Energy Information Administration (EIA) predicts rising natural gas prices through 2014. I doubt they will ever go down again.
This month, the EIA is releasing a report downgrading the Monterey shale reserves in California by 96 percent. At the same time, big oil and gas is clamoring for liquefied natural gas (LNG) terminals and the permission to export liquefied natural gas to Europe and Asian markets where they can get better prices. (Read China. These patriots have no problem supporting communism for profit.)
The American consumer and manufacturing is their last priority. Next time the sand mining proponents start spouting their pro-fracking talking points extolling the virtues of "cheap natural gas" and "energy independence," you can tell them what to do with those sentiments.