A Sanguine Future in View for Liquefied Natural Gas
We are still bearish in our views for liquefied natural gas exports from the U.S., expecting limited construction of LNG export terminals in the lower 48 states. We estimate that, by 2017 to 2018, there will likely be no more than three or four liquefaction terminals exporting 6 billion cubic feet per day. The picture improves when you think about North America as a whole, because the state government of Alaska and the provincial government of British Columbia are strongly behind projects there.
You could look at Washington and be pessimistic that anything will happen here to relieve the glut in gas supplies. Washington is entering its summer slow season, and the pace is made slower still by the oncoming election. The Sierra Club and allied environmental groups have begun a scorched-earth campaign to stop LNG exports, going on the theory that limiting exports will also limit production and the hydraulic fracturing that is an essential element of it....333 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.