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U.S. natural gas prices reshaping global market

Market Watch -- The U.S. natural gas bonanza is pushing suppliers in other regions to lower prices in some contracts even before the country ships its first cargo of liquefied natural gas overseas.

The supply glut unleashed by hydraulic fracturing has made U.S. natural gas much cheaper than anywhere else in the world. The price differential is a powerful incentive for companies seeking to export it, and the first cargoes are expected in the middle of this decade. But the ripple effect is already being felt, as companies in Japan, Chile and other countries are already trying to factor in the U.S. market's stable prices to change the way natural gas has been traded globally for years.

"Even if the U.S. is not yet exporting LNG, it is already having an impact on suppliers around the world," said Leslie Pa

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Submitted Dec 13, 2012 By: skb69sa

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LetemEatCake Champion Author Oklahoma City Posts:5,596 Points:1,202,855 Joined:Mar 2008	Message Posted: Dec 14, 2012 10:32:26 PM Ignore LetemEatCake Report Abuse Interesting article! Thanks for posting.
bevmill Champion Author Georgia Posts:2,567 Points:597,620 Joined:Apr 2006	Message Posted: Dec 14, 2012 6:42:15 PM Ignore bevmill Report Abuse Hope this keeps natrual gas prices low in the states.
sydb7 Champion Author Atlanta Posts:3,547 Points:1,917,805 Joined:Mar 2003	Message Posted: Dec 14, 2012 5:29:06 AM Ignore sydb7 Report Abuse This is not going to affect prices on the domestic market as this new found gas is for export!
DrCashFlow Champion Author Massachusetts Posts:7,059 Points:1,624,400 Joined:Jun 2008	Message Posted: Dec 14, 2012 3:54:36 AM Ignore DrCashFlow Report Abuse There's hope for world economies when a material input cost is heading south
METEOR49 Champion Author Ontario Posts:2,157 Points:452,300 Joined:Apr 2011	Message Posted: Dec 14, 2012 12:11:35 AM Ignore METEOR49 Report Abuse why hasn't it affected oil prices the same way, we have a glut of that too .
judgemobile Champion Author Ohio Posts:7,560 Points:2,443,185 Joined:Nov 2005	Message Posted: Dec 14, 2012 12:08:20 AM Ignore judgemobile Report Abuse get the environmentalist wackos out of the way, and prices will drop to where they were in May: about $ 1.91 (now well over $ 3)
gasmack Champion Author Ventura Posts:1,698 Points:665,535 Joined:Feb 2011	Message Posted: Dec 14, 2012 12:07:00 AM Ignore gasmack Report Abuse Hmmmmm.....
boatfloyd Champion Author Jacksonville Posts:1,708 Points:386,025 Joined:Mar 2012	Message Posted: Dec 14, 2012 12:07:00 AM Ignore boatfloyd Report Abuse We can sell it cheap.
Ferdman17 Champion Author Albany Posts:1,273 Points:371,610 Joined:Feb 2012	Message Posted: Dec 14, 2012 12:05:53 AM Ignore Ferdman17 Report Abuse It's a great idea until the tree huggers get there way.
billy44bo Champion Author Mobile Posts:7,193 Points:1,487,965 Joined:Feb 2008	Message Posted: Dec 14, 2012 12:05:35 AM Ignore billy44bo Report Abuse And this is bad how?
RitaVespa Champion Author Oregon Posts:2,966 Points:789,335 Joined:Jan 2011	Message Posted: Dec 14, 2012 12:02:48 AM Ignore RitaVespa Report Abuse Interesting
jim27106 All-Star Author North Carolina Posts:770 Points:780,385 Joined:Feb 2009	Message Posted: Dec 14, 2012 12:02:38 AM Ignore jim27106 Report Abuse When the drillers have to pay for the water supplies they polute (Dimock, PA; Buffalo, WY) that is going to change.
cheaper0ON All-Star Author Ontario Posts:968 Points:395,130 Joined:Jan 2012	Message Posted: Dec 14, 2012 12:01:48 AM Ignore cheaper0ON Report Abuse Good.
Robert44 Champion Author Columbus Posts:3,569 Points:1,217,645 Joined:Mar 2004	Message Posted: Dec 13, 2012 11:59:30 PM Ignore Robert44 Report Abuse Great news!!!
clermont40miles Champion Author Cincinnati Posts:10,554 Points:1,770,090 Joined:Apr 2008	Message Posted: Dec 13, 2012 11:55:26 PM Ignore clermont40miles Report Abuse This is good and will last unless the greenies shut down fracking. And make no mistake that EcoNutz intend to stop anything that helps America.
joeschmo12 Champion Author New York Posts:1,011 Points:304,515 Joined:Mar 2012	Message Posted: Dec 13, 2012 11:53:28 PM Ignore joeschmo12 Report Abuse our country will be a monster @ exporting this stuff.
Red7002011 Champion Author Mississippi Posts:3,317 Points:665,795 Joined:Jul 2011	Message Posted: Dec 13, 2012 11:52:33 PM Ignore Red7002011 Report Abuse Really!
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Dec 13, 2012 11:52:17 PM Ignore fuelsaverMN Report Abuse WHEN WILL I BE ABLE TO AFFORD ANY VEHICLE-HYBRID,ELECTRIC,OTHERS.....NEVER.
fuelsaverMN Champion Author Twin Cities Posts:2,282 Points:559,080 Joined:Mar 2011	Message Posted: Dec 13, 2012 11:51:12 PM Ignore fuelsaverMN Report Abuse yES IN A GOOD WAY?
SavALot Champion Author Virginia Beach Posts:8,459 Points:1,708,910 Joined:Apr 2005	Message Posted: Dec 13, 2012 11:50:41 PM Ignore SavALot Report Abuse hopefully it's reshaped in a good way
BREW9 All-Star Author Tampa Posts:871 Points:2,910,030 Joined:Jun 2004	Message Posted: Dec 13, 2012 11:47:57 PM Ignore BREW9 Report Abuse ok
marion1739 All-Star Author Missouri Posts:814 Points:257,435 Joined:Jan 2011	Message Posted: Dec 13, 2012 11:44:15 PM Ignore marion1739 Report Abuse Till they go up faster than oil by one of the created shortages
diabloMN Veteran Author Twin Cities Posts:335 Points:206,480 Joined:Apr 2011	Message Posted: Dec 13, 2012 11:41:23 PM Ignore diabloMN Report Abuse ok
Yonkers111 Champion Author Scranton Posts:8,331 Points:857,085 Joined:Apr 2007	Message Posted: Dec 13, 2012 11:40:01 PM Ignore Yonkers111 Report Abuse Let's get the oil now.
speedys Champion Author Utah Posts:7,002 Points:2,555,960 Joined:Nov 2005	Message Posted: Dec 13, 2012 11:38:51 PM Ignore speedys Report Abuse Only time will tell.
pgerassi Champion Author Milwaukee Posts:10,886 Points:2,129,655 Joined:Apr 2007	Message Posted: Dec 13, 2012 11:37:44 PM Ignore pgerassi Report Abuse My heating bill is mostly fixed charges. I used only 12 therms last month which cost me just $6.48. I paid another $18 in charges for meter reading, connection, billing and fees.
mcmonsta Champion Author Honolulu Posts:3,213 Points:815,615 Joined:Sep 2009	Message Posted: Dec 13, 2012 11:37:42 PM Ignore mcmonsta Report Abuse now let us not screw this up for our own nation
MG_Sputnik Champion Author Philadelphia Posts:7,295 Points:1,957,705 Joined:Apr 2006	Message Posted: Dec 13, 2012 11:35:14 PM Ignore MG_Sputnik Report Abuse They'll find a way to screw us over.
feldagast All-Star Author Toledo Posts:897 Points:104,560 Joined:Aug 2005	Message Posted: Dec 13, 2012 11:32:57 PM Ignore feldagast Report Abuse 0bama hasn't found a way to shut it down yet
mstearno Champion Author Dayton Posts:8,055 Points:1,729,430 Joined:Jan 2008	Message Posted: Dec 13, 2012 11:28:53 PM Ignore mstearno Report Abuse flognut do you think Obama understands that?
karlet Veteran Author Pittsburgh Posts:258 Points:84,490 Joined:Sep 2009	Message Posted: Dec 13, 2012 11:27:06 PM Ignore karlet Report Abuse Funny though, my heating bill does not seem much lower.
FlogNut Champion Author Chicago Posts:104,285 Points:1,985,725 Joined:Oct 2007	Message Posted: Dec 13, 2012 11:24:31 PM Ignore FlogNut Report Abuse Amazing!!!!! A large increase in supply has a downward impact on prices! Whoda thunk it???
DEG Champion Author Las Vegas Posts:17,610 Points:3,492,755 Joined:Jul 2003	Message Posted: Dec 13, 2012 11:23:05 PM Ignore DEG Report Abuse Put an export tax on CNG/LNG.
lowspeed All-Star Author Akron Posts:711 Points:198,355 Joined:Aug 2008	Message Posted: Dec 13, 2012 11:23:04 PM Ignore lowspeed Report Abuse good for us
fowlcan Champion Author Oklahoma City Posts:2,100 Points:681,665 Joined:Feb 2011	Message Posted: Dec 13, 2012 11:22:45 PM Ignore fowlcan Report Abuse Interesting article. Go CNG!
gd83goldwinger Champion Author South Bend Posts:1,428 Points:502,730 Joined:May 2011	Message Posted: Dec 13, 2012 11:19:03 PM Ignore gd83goldwinger Report Abuse Lower prices will never be seen. They will make it out as this or that.
GNo1 All-Star Author Nashville Posts:910 Points:379,755 Joined:May 2011	Message Posted: Dec 13, 2012 11:15:14 PM Ignore GNo1 Report Abuse ok
Vette1967 Champion Author Albany Posts:5,952 Points:1,273,075 Joined:Jun 2009	Message Posted: Dec 13, 2012 11:14:49 PM Ignore Vette1967 Report Abuse Some interesting pricing may be coming our way in the short term only to be jacked up later.
ktbaeohana Champion Author Las Vegas Posts:2,296 Points:420,700 Joined:Mar 2010	Message Posted: Dec 13, 2012 11:12:43 PM Ignore ktbaeohana Report Abuse watch and see.
abcdMA Champion Author Worcester Posts:7,912 Points:1,573,030 Joined:Nov 2008	Message Posted: Dec 13, 2012 11:10:32 PM Ignore abcdMA Report Abuse We need to use more of our own natural gas
suzmar Champion Author Texas Posts:2,211 Points:870,220 Joined:Jun 2006	Message Posted: Dec 13, 2012 11:06:37 PM Ignore suzmar Report Abuse We need to exploit our resources as OPEC as exploited theirs.
SandeeC Champion Author Ontario Posts:2,983 Points:459,505 Joined:Apr 2011	Message Posted: Dec 13, 2012 11:06:23 PM Ignore SandeeC Report Abuse So get the infrastructure in there and lower priced vehicles to use it. The faster the better the way the price is oil is predicted to go.
postcard9 All-Star Author Massachusetts Posts:883 Points:513,945 Joined:May 2011	Message Posted: Dec 13, 2012 11:05:11 PM Ignore postcard9 Report Abuse Find a way to use more of it in U.S.
lsb1955 Champion Author Salt Lake City Posts:2,013 Points:516,645 Joined:Aug 2011	Message Posted: Dec 13, 2012 11:03:48 PM Ignore lsb1955 Report Abuse cheaper than oil
Harry813 Champion Author Iowa Posts:2,990 Points:658,940 Joined:Jul 2011	Message Posted: Dec 13, 2012 11:03:12 PM Ignore Harry813 Report Abuse We should be using more of it here!
Lukus Champion Author Halifax Posts:8,273 Points:1,672,580 Joined:Nov 2007	Message Posted: Dec 13, 2012 11:02:34 PM Ignore Lukus Report Abuse OK be great if it were gas prices.
prorodeo2012 All-Star Author Bakersfield Posts:528 Points:180,845 Joined:Sep 2012	Message Posted: Dec 13, 2012 10:59:31 PM Ignore prorodeo2012 Report Abuse Yikes!!!
mlmeng Champion Author Michigan Posts:1,623 Points:588,320 Joined:Mar 2011	Message Posted: Dec 13, 2012 10:59:27 PM Ignore mlmeng Report Abuse Lets get more CNG cars.
Lbro Champion Author Denver Posts:1,031 Points:441,815 Joined:Jan 2004	Message Posted: Dec 13, 2012 10:57:47 PM Ignore Lbro Report Abuse Wow!
wayoung56 Champion Author Alabama Posts:2,790 Points:816,385 Joined:Oct 2006	Message Posted: Dec 13, 2012 10:56:36 PM Ignore wayoung56 Report Abuse Hmmm...