Thursday, January 29, 2015

Here goes US Petroleum again. It's market is not there to justify the expense of new LNG export facilities.

January 29, 2015
Senator John Barrasso (click here) has applauded the House’s recent passage of a bipartisan bill that will speed up the federal approval process for LNG exports. The House of Representatives passed H.R. 351, the LNG Permitting Certainty and Transparency Act, by a vote of 277 to 133. Senators Barrasso and Martin Heinrich introduced the Senate companion bill (S. 33) on the first day of session. Their bill will be the focus of the Senate Energy and Natural Resources Committee’s first hearing on 29 January....

Domestic natural gas will not saturate the global market.

16% of natural gas consumed in Europe flows through Ukraine. (click here)

This is what happens when voters listen to people like Barrasso who pushes the idea about jobs and profits. It is nonsense. Republicans only carry a populous message, they never speak about the truth and facts.

Sure, voters want to hear the promises carrying good news to them. But, take a good look at the quality of life of Red States. It just isn't there. Promises aren't any good if they can't deliver.

This legislation is BOOM and BUST.