To: Biomaven who wrote (180509 ) 9/14/2013 5:15:31 PM From: Dennis Roth Read Replies (1) | Respond to >> But what was the date of that report? <<doc.research-and-analytics.csfb.com Not so fast mailtribune.com In September, when Jordan Cove first announced its intention to pursue exporting, U.S. Sen. Ron Wyden said, "I think it's premature to conclude that the United States now has so much natural gas that it can afford to export it overseas. I think there ought to be a time-out on approving LNG exports until there is a better understanding of how much natural gas there is, whether it can be safely extracted, and what the impact on the U.S. economy would be from LNG exports." Incoming Senate energy chair stands firm in opposition to expanded LNG exports blogs.platts.com ...But Wyden has held firm to his opposition of expanded LNG exports, saying the Jordan Cove project and others like it could cause natural gas to trade as a global commodity, similar to oil. That would mean US consumers could expect to encounter volatile swings and price shocks for future natural gas supplies, he has said. In a letter to Secretary of Energy Steven Chu on January 10, Wyden urged him to shelve a DOE-commissioned study on LNG exports, conducted by NERA Economic Consulting, which he said vastly underestimates potential growth in domestic gas demand. “Export applications, which are typically for 20 years or more, and the associated LNG export terminals, will reshape the North American natural gas market for years to come,” Wyden wrote. “The shortcomings of the NERA study are numerous and render this study insufficient for the department to use in any export determination.” The study, released in December, found such exports would be a boon to the US economy and would not cause any major adverse effects on US household wealth, employment or industrial competitiveness. DOE has said it may use it as the basis for ruling on 20 export permit applications to non-FTA countries beginning in February... nwlaborpress.org In May his opposition seemed to soften.Wyden Urges DOE to Update LNG Export Policy energy.senate.gov Washington, D.C. “The reality is we are dealing from a position of strength with respect to energy,” Wyden said. “Our country should not be wedded to this either/or choice between no exports and no limits on exports. Done right, there ought to be a way to get the trade benefits to exporters and trading partners while maintaining the domestic, economic and energy security benefits to our country.” AFTER Jordon Cove is approved.
