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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Hannoverian who wrote (182927)	3/9/2014 1:44:25 PM
From: Bearcatbob	2 Recommendations Recommended By Hannoverian sm1th Respond to of 206184

Yes - there is no near term LNG export facilities coming on line. I do not know when the one in Texas does. The interesting thing was the tone of the discussion - as it was bipartisan. For me the issue is a bit personal. I participated in the Cove Point restart project. There is a huge amount of invested capital there that will essentially go to waste if the facility is not converted. While the legality of their permit I believe was affirmed there is a bit of a ground swell from loony wacko anti fracking crowd against the project. The project would mean a lot of good jobs (something the left in America purports loudly to care about) and it would add to the plus side of our trade ledger. To your other point - yes - let them frack their own shale. They are learning there is a price for their wacko devotion to green ideology - dependence/servitude on/to Russia. At least the French are smart enough to utilize nuclear power. The Germans look to me like they have gone off the deep end on the issue of energy supply. Europeans seeking energy supply from the US is much like Canadians complaining about Keystone. They each have it within their own power to solve their problems on their own while depriving us the economic benefits of applied common sense. Sometimes it is just fun to watch how the world works. As for the Ukraine and the rest of Europe - Yankee come home. We are broke and need to recognize it. Our money needs to be spent here. We could help them complete purchase orders for the manufacture of drilling rigs and other oil field material. Bob