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Politics : Formerly About Advanced Micro Devices
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To: d[-_-]b who wrote (273959)2/13/2006 5:21:15 PM
From: tejek  Read Replies (1) of 1575570
 
And a WTF back to you - do you really follow NG?

Today, Sempra is leading the race. It turned to Indonesia for the gas, and is building a $1-billion plant on Mexico's pristine coastline, just 50 miles south of San Diego. The terminal, to be completed in early 2008, will be a key fuel source for California homes and businesses for decades to come.

What is your point? I know that Sempra is building a plant in Mexico. There are a LNG plants going up around the world. So what? You seem to think this is the solution to all our problems.

Currently, NG consumed in the US comes primarily from US wells. No matter how many rigs are put up, production continues to decline.

LNG is a solution to what appears to be an eventual shortage of NG in the US but at what cost? No one has convinced me that LNG can come in at a price comparable to the current going price for natural gas.......not with all the outlays that are required: new terminals/plants, new tankers and large distances to ship, and new pipelines from the LNG terminal. [Please note there are only 4 existing LNG terminals in the US. Many more will need to be built before they make an impact on the US market. The Sempra facility is a drop in the bucket.]

But let's supposed we can build all the LNG terminals needed and the NG comes in at going market prices......how does that benefit us? We are digging the same hole we have dug ourselves into over oil. We are beholden to foreign countries and their largesse. And our balance of trade will only get worse. How is this a good solution to the growing energy shortage?

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