Cheney // Current TV

What do Hitler, Osama, Manson, Bush, and Cheney Have in Common?

Those five names appeared on a middle school yearbook multiple choice question as to... more

samthesixth
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12 months ago
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NEW Torture pics BANNED by Obama

WARNING: What you are about to see is grahic, disturbing and illegal.... more

GeneralStrikeUSA
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1 year ago
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DRUG RESISTANT MRSA FOUND IN YOUR MEAT !

I'm not a vegetarian, but this will make me want to become one, or move to a... more

COMMONSENSEFORCOMMONGOOD_COM
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1 year ago
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35 comments

"DOES DUTY CALL IN LIBYA?"

This is an EXCELLENT OP-ED from the Saturday Times! Please read the entire... more

PoliticalAmazon
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1 year ago
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9 comments

Dick Cheney Gets HBO Miniseries

HBO has optioned the book Angler: The Cheney Vice Presidency by Pulitzer-Prize winning... more

joeeddy
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1 year ago
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ANOTHER FUN IRAQ WAR "MILITARY PROPAGANDA BLOOPER"!

Here's another fun “propaganda asinine blooper” catch from the... more

PoliticalAmazon
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1 year ago
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10 comments

Who will replace Frank Rich at the NY Times?

Satire: Here are some possibilities...

Cabal
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1 year ago
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Flashback: Egyptian General – 9/11 Was An Inside Job

Egyptian General (Ret.) Muhammad Khilf on Al-Mihwar TV (Egypt) Sept. 11 2005... more

rodstradamus
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1 year ago
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Nigeria charges Dick Cheney in bribery case

By Scott Baldauf, Staff Writer / December 7, 2010 Johannesburg, South Africa... more

CaptSutter
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1 year ago
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EPA Says Gas Driller Contaminated Texas Aquifer

http://c1.cleantechnica.com/files/2010/05/Natural_Gas_Fracking.jpg The U.S.... more

toyotabedzrock
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1 year ago
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US Involvement In Iraq: A Lot of Blood for Little Oil - SPIEGEL ONLINE - Halliburton

This is just the beginning and end of the article. Contrary to what many people... more

toyotabedzrock
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1 year ago
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Uncle Sam Has Too Much Gas - US To Export Natural Gas - Posisioning Citizens For Profit

The U.S. is starting to supply gas to Europe. The surplus of domestic production and the active procurement of LNG in Qatar allowed the country to re-export gas using the so-called arbitrage transactions which means transferring purchased gas to new buyers. The first gas transport will come to the UK this weekend.

The re-export of gas to Europe from the U.S. indicates that shale gas is having an increasing impact on the global gas market. According to the International Energy Agency (IEA), the excess supply may cause gas suppliers to reduce prices.

In February, Gazprom postponed the project of the production of LNG at the giant Shtokman field in the Barents Sea, and one of the reasons for it was the fact that the target market - United States - does not need additional supplies.

On October 11, the Financial Times released a promise that in the next five years, the U.S. could become a major supplier of gas and compete with Russia and Middle Eastern countries in the Asia Pacific region. As noted in the comments by an employee of consultancy PFC Energy Nikos Tsafos, if the Americans would have supplied at least 10% of gas produced, they would become the market leader.

In 2009 the U.S. produced 620 billion cubic meters of gas, which is almost 40 billion more than Russia. Now the share of shale fuels in total gas production in America, according to the Energy Department of the U.S., is 15%.

The U.S. is the largest producer of shale gas in the world. In one year, gas production from unconventional sources, mainly from shale deposits, has jumped by 30 billion cubic meters. America's need in the imported liquefied gas has dropped sharply, and its price has dropped more than two-fold.

The closure of the U.S. gas market for imports hit the producers in other countries. In February of 2010, Gazprom has postponed the project for the production of LNG from the giant Shtokman field in the Barents Sea, including the fact that the U.S. target market is no longer in need of additional supplies.

Naturally, the world's LNG producers that were focused on the U.S. market rushed to Europe, which increased the competition on the continent. In the U.S. gas prices have collapsed precisely because of the oversupply of natural gas.

Therefore, shale gas companies that have licenses for the extraction of expensive gas are trying to jump on the external market within the US. In June, plans to export LNG were announced by the company Cheniere Energy, the operator of an import terminal in Louisiana. If all goes according to the plan, this company will be able to deliver gas from the United States around the world starting 2015. From the U.S. west coast shipments to Asia are carried out by Kenai.The U.S. is starting to supply gas to Europe. The surplus of domestic production and... more