Comments on: Egypt a reminder for U.S. to hang onto its gas http://blogs.reuters.com/breakingviews/2011/02/08/egypt-a-reminder-for-u-s-to-hang-onto-its-gas/ Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: alang36 http://blogs.reuters.com/breakingviews/2011/02/08/egypt-a-reminder-for-u-s-to-hang-onto-its-gas/comment-page-1/#comment-6324 Thu, 10 Feb 2011 19:04:03 +0000 http://blogs.reuters.com/columns/?p=5291#comment-6324 Our massive proven reserves of natural gas is a national blessing.

We currently import about a billion dollars worth of crude oil each day. Economically that represents a so-called, “single use” economic benefit. Those approximate 350 billion dollars that wind up on the world crude market tightly controlled and manipulated by OPEC’s national oil companies each year circulate and multiply throughout OPEC economies not ours. Reputable economists tell us that if we used a domestic commodity rather than a foreign energy source, it would have the economic effect of keeping that money here to multiply into virtually every aspect of the American economy. We presently lose that “multiplier effect”. When its considered that this could be 2, 3, 4, 5 or more times that “lost” 350 billion dollars it’s not difficult to see it will bring a relative quick return to American prosperity.

Buying OPEC-controlled crude sends our money to fund Islamic terrorism which in turn requires us to spend more dollars in national defense to protect the nation from that terrorism. What an insane “policy” that represents. Additionally, virtually any unrest in the middle east, Nigeria, Venezuela,etc that can be considered to be a threat to worldwide crude production or shipments causes price escalations that can devastate our economy. That is what America’s addiction to crude oil does…it fouls our environment, destroys our economy and threatens our national security.

For almost 40 years we have talked about energy independence, it’s past time that we begin action to actually do it. Providentially, natural gas gives us the means to do so.

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By: SeaWa http://blogs.reuters.com/breakingviews/2011/02/08/egypt-a-reminder-for-u-s-to-hang-onto-its-gas/comment-page-1/#comment-6323 Thu, 10 Feb 2011 19:01:40 +0000 http://blogs.reuters.com/columns/?p=5291#comment-6323 Hang onto our energy sources. The gov should not allow exporting of unrenewable natural resource fuels, when we have a shortage already. Even if (companies in the private sector) profit on the sale and our economy sees a short term lift, we will end up paying 10X the cost when we run out and start importing.

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By: REDruin http://blogs.reuters.com/breakingviews/2011/02/08/egypt-a-reminder-for-u-s-to-hang-onto-its-gas/comment-page-1/#comment-6312 Wed, 09 Feb 2011 21:54:02 +0000 http://blogs.reuters.com/columns/?p=5291#comment-6312 Given the environmental contamination that is a huge part of doing shale fields, I don’t think massive exploitation of such things is a good idea for the country, and exporting such would only make things worse. New York basically outlawed shale digging in much of the upriver country because of the horrible amount of groundwater contamination associated with the drilling. The only reason Shale drilling is viable is if you hand-wave away the pollution that comes hand in hand with it. Add that cost in for drillers to pay, as opposed to the local population and the taxpayers, and shale fields aren’t so great after all.

==RED

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