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	<title>Comments on: WSJ Says: Don&#8217;t Bet on LNG to Reduce US Natural Gas Prices</title>
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	<link>http://itsgettinghotinhere.org/2008/04/29/wsj-says-dont-bet-on-lng-to-reduce-us-natural-gas-prices/</link>
	<description>Dispatches from the Youth Climate Movement</description>
	<pubDate>Wed, 08 Oct 2008 06:30:26 +0000</pubDate>
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		<title>By: Bob Howard</title>
		<link>http://itsgettinghotinhere.org/2008/04/29/wsj-says-dont-bet-on-lng-to-reduce-us-natural-gas-prices/#comment-67813</link>
		<dc:creator>Bob Howard</dc:creator>
		<pubDate>Wed, 17 Sep 2008 11:25:13 +0000</pubDate>
		<guid isPermaLink="false">http://itsgettinghotinhere.wordpress.com/?p=4672#comment-67813</guid>
		<description>In Fullerton the busses run on something carried in a dog house on the top.  I don't know if it is propane or LNG.  Either way, it is a lot more available than oil.  

I have seen cars and pickups with a tank.  So the modification from gasoline to something  not too difficult</description>
		<content:encoded><![CDATA[<p>In Fullerton the busses run on something carried in a dog house on the top.  I don&#8217;t know if it is propane or LNG.  Either way, it is a lot more available than oil.  </p>
<p>I have seen cars and pickups with a tank.  So the modification from gasoline to something  not too difficult</p>
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		<title>By: Kelly</title>
		<link>http://itsgettinghotinhere.org/2008/04/29/wsj-says-dont-bet-on-lng-to-reduce-us-natural-gas-prices/#comment-63307</link>
		<dc:creator>Kelly</dc:creator>
		<pubDate>Wed, 30 Apr 2008 21:45:04 +0000</pubDate>
		<guid isPermaLink="false">http://itsgettinghotinhere.wordpress.com/?p=4672#comment-63307</guid>
		<description>Mr. Tinker is out of his mind.  I don't think he has any clue what energy means to the American economy.  Chavez is quite effectively destroying his country's resource base and is NOT efficiently or effectively investing in social or economic programs that will aid in the long term development of his country.  Shoving cash in people's pockets and handing out free gas doesn't constitute good developmental policy making.

The US is doing a lot to develop its LNG import capacity...but remains one of the only markets in the world that prices gas with gas.  The author of the article is mistaken when he mentions a global LNG price.  The overwhelming majority of LNG cargoes on the water are part of long term contracts indexed to OIL.  At least in the short term, the US may well not need all of the capacity it is aiming to develop, but people who think that zero or even near zero emissions from energy production are achievable in the near future are simply living a pipe dream.  For that reason, more capacity may well be justified.  What the world natural gas industry needs is to move toward efficient market function - that means gas on gas competition and true transparency.</description>
		<content:encoded><![CDATA[<p>Mr. Tinker is out of his mind.  I don&#8217;t think he has any clue what energy means to the American economy.  Chavez is quite effectively destroying his country&#8217;s resource base and is NOT efficiently or effectively investing in social or economic programs that will aid in the long term development of his country.  Shoving cash in people&#8217;s pockets and handing out free gas doesn&#8217;t constitute good developmental policy making.</p>
<p>The US is doing a lot to develop its LNG import capacity&#8230;but remains one of the only markets in the world that prices gas with gas.  The author of the article is mistaken when he mentions a global LNG price.  The overwhelming majority of LNG cargoes on the water are part of long term contracts indexed to OIL.  At least in the short term, the US may well not need all of the capacity it is aiming to develop, but people who think that zero or even near zero emissions from energy production are achievable in the near future are simply living a pipe dream.  For that reason, more capacity may well be justified.  What the world natural gas industry needs is to move toward efficient market function - that means gas on gas competition and true transparency.</p>
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		<title>By: R Margolis</title>
		<link>http://itsgettinghotinhere.org/2008/04/29/wsj-says-dont-bet-on-lng-to-reduce-us-natural-gas-prices/#comment-63301</link>
		<dc:creator>R Margolis</dc:creator>
		<pubDate>Wed, 30 Apr 2008 18:36:04 +0000</pubDate>
		<guid isPermaLink="false">http://itsgettinghotinhere.wordpress.com/?p=4672#comment-63301</guid>
		<description>The US will still have a lot of gas reserves compared with larger LNG importers such as Japan.  We should be able to use that time to employ LNG as a transition fuel.

As for nationalized resources, I recall that Mexico did similar to Venezuela.  Then the oil prices dropped and so did the services.</description>
		<content:encoded><![CDATA[<p>The US will still have a lot of gas reserves compared with larger LNG importers such as Japan.  We should be able to use that time to employ LNG as a transition fuel.</p>
<p>As for nationalized resources, I recall that Mexico did similar to Venezuela.  Then the oil prices dropped and so did the services.</p>
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		<title>By: Alexander M. Tinker</title>
		<link>http://itsgettinghotinhere.org/2008/04/29/wsj-says-dont-bet-on-lng-to-reduce-us-natural-gas-prices/#comment-63292</link>
		<dc:creator>Alexander M. Tinker</dc:creator>
		<pubDate>Wed, 30 Apr 2008 10:28:29 +0000</pubDate>
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		<description>Hopefully they will form a "natural gas OPEC." All else equal, cartels and monopolies are bad for the consumer - they restrict quantity to increase price. This is good news if you're interested in reducing consumption. The downside, of course, is that all the extra profit generated goes into the pockets of the monopolist/cartel members. 

In general, as far as natural resource extraction goes, environmentalists should prefer a monopolistic model. The trick is getting the extra revenue generated into the right place. We could do that with a tax on the monopolist, but the simplest way is to nationalize natural resources. Then all that extra profit could be invested in clean energy technology, or whatever else you value. In Venezuela, an OPEC member governed by a socialist, that money is being used for social programs.

Viva Chavez...</description>
		<content:encoded><![CDATA[<p>Hopefully they will form a &#8220;natural gas OPEC.&#8221; All else equal, cartels and monopolies are bad for the consumer - they restrict quantity to increase price. This is good news if you&#8217;re interested in reducing consumption. The downside, of course, is that all the extra profit generated goes into the pockets of the monopolist/cartel members. </p>
<p>In general, as far as natural resource extraction goes, environmentalists should prefer a monopolistic model. The trick is getting the extra revenue generated into the right place. We could do that with a tax on the monopolist, but the simplest way is to nationalize natural resources. Then all that extra profit could be invested in clean energy technology, or whatever else you value. In Venezuela, an OPEC member governed by a socialist, that money is being used for social programs.</p>
<p>Viva Chavez&#8230;</p>
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		<title>By: R Margolis</title>
		<link>http://itsgettinghotinhere.org/2008/04/29/wsj-says-dont-bet-on-lng-to-reduce-us-natural-gas-prices/#comment-63281</link>
		<dc:creator>R Margolis</dc:creator>
		<pubDate>Tue, 29 Apr 2008 23:28:57 +0000</pubDate>
		<guid isPermaLink="false">http://itsgettinghotinhere.wordpress.com/?p=4672#comment-63281</guid>
		<description>The only other issue is that North American supplies are limited and without LNG prices will rise anyway.  Also, without LNG we will not have the lowest carbon fossil fuel for use in any energy transition.</description>
		<content:encoded><![CDATA[<p>The only other issue is that North American supplies are limited and without LNG prices will rise anyway.  Also, without LNG we will not have the lowest carbon fossil fuel for use in any energy transition.</p>
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