Shipping natural gas overseas is what helps keep our natural gas prices in check. We have natural gas running out of our ears. Without the export ability we would see natural gas prices crash. Drilling shut down. And ultimately much higher natural gas prices over the long run. Overseas sales helps pay to support current oil and gas drilling activity.

The O&G industry has barely turned profits for investors over the last 16 years. It is only recently that they have given an actual return on their investment. The old drill, baby, drill policy that only resulted in bankruptcies and low, nearly non existent investor returns has given way to a more reasonable measured expansion policy.

A 14.68% return on the S&P O&G index, not including dividends, over a 16 year period is not exactly stellar performance. Over the same time period the S&P 500 has produced a near 400% return, not including dividends, 1288 to 5070.

The US O&G industry is currently doing exactly what they need to do. Growing production at a reasonable rate. Keeping a clean, low debt, balance sheets. Giving investors are profit on their investments. Supplying the world with light sweet crude and natural gas which helped the UD trade deficit and the value of the dollar.

http://forums.pelicanparts.com/uploa...1713979774.jpg

"In check" means higher prices?
"Without the export ability we would see natural gas prices crash," and that is good for us how?"
"Drilling shut down. And ultimately much higher natural gas prices over the long run." Oh, I see. Pay higher prices now so we won't pay higher prices later. :rolleyes::rolleyes: