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Old 03-08-2014, 02:37 PM
 
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Gulf Coast set for Bakken-like boom with liquefied natural gas | Fox News

Interested in the thoughts and opinions or predictions of the effect this may have on the economy and housing for the Gulf Cities and surrounding areas in Texas. Thanks.
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Old 03-08-2014, 05:01 PM
 
Location: Wonderland
67,650 posts, read 60,853,687 times
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Originally Posted by silas777 View Post
Gulf Coast set for Bakken-like boom with liquefied natural gas | Fox News

Interested in the thoughts and opinions or predictions of the effect this may have on the economy and housing for the Gulf Cities and surrounding areas in Texas. Thanks.
Bring it on. I doubt that this could actually hurt the economy, if it materializes. I'm hoping for a boom myself.
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Old 03-08-2014, 06:16 PM
 
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They seem very concerned about the lack of skilled laborers if everything goes as planned so it's possible they may be exaggerating expectations somewhat. However, if only half of the 55% increase in labor happens, that will be a super shot in the arm for the Gulf Coast economies.

One thing is sure though, one should never underestimate the power of opponents of such energy developments. Those opponents are a very significant political force in this nation anymore.

Good for Texas!
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Old 03-08-2014, 07:16 PM
 
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Quote:
Originally Posted by High_Plains_Retired View Post
They seem very concerned about the lack of skilled laborers if everything goes as planned so it's possible they may be exaggerating expectations somewhat. However, if only half of the 55% increase in labor happens, that will be a super shot in the arm for the Gulf Coast economies.

One thing is sure though, one should never underestimate the power of opponents of such energy developments. Those opponents are a very significant political force in this nation anymore.

Good for Texas!
How is this good for Texas? What about the recent news that Mexico is now open to Texas companies coming in and showing them how to frack? Seems every region, nation, city, and town is now a potential energy center. Wouldn't this be greater news for those areas that are becoming new energy centers and not for those that already are? And I would think this would be even better news for other industries as a whole because the price of energy would go down.

So, again, how does this all benefit Texas? Especially now since it is out and loose, you can't stick the fracking cat back in the bag. Other nations are going to be less worried about the environment.
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Old 03-08-2014, 07:29 PM
 
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Texas already has an over abundance supply of natural gas. I don't see the point in pursuing this at this time.
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Old 03-08-2014, 09:54 PM
 
Location: Austin, TX
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Texas already has an over abundance supply of natural gas. I don't see the point in pursuing this at this time.
Actually, that is not as true as it used to be - plentiful natural gas has led to more industry and that is increasing the demand somewhat. Also, if a couple more of the LNG terminals get built, Europe is just dying for some cheap Texas gas. Even after shipping, U.S. LNG is apparently about 1/4 the cost of Russian gas. That is one reason that Russia is a bit irritated with the U.S. lately - we are pissing in their pot of gold.
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Old 03-08-2014, 10:20 PM
 
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Originally Posted by kdogg817 View Post
Texas already has an over abundance supply of natural gas. I don't see the point in pursuing this at this time.
Not about the gas Texas has it... is about the jobs that the gas that Texas has will create.
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Old 03-08-2014, 10:22 PM
 
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Originally Posted by Trainwreck20 View Post
Actually, that is not as true as it used to be - plentiful natural gas has led to more industry and that is increasing the demand somewhat. Also, if a couple more of the LNG terminals get built, Europe is just dying for some cheap Texas gas. Even after shipping, U.S. LNG is apparently about 1/4 the cost of Russian gas. That is one reason that Russia is a bit irritated with the U.S. lately - we are pissing in their pot of gold.
Bingo!! This is good for our national security and our economy. Seems it will be a big shot in the arm for all of south Texas.
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Old 03-09-2014, 11:04 AM
 
Location: Wonderland
67,650 posts, read 60,853,687 times
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Quote:
Originally Posted by kdogg817 View Post
Texas already has an over abundance supply of natural gas. I don't see the point in pursuing this at this time.
There are talks with the EU, especially those eastern European countries that are close to Russia and the Ukraine, to free up our ability to export natural gas to them, rather than them having to rely on Russia or the Ukraine for natural gas, especially considering the political upheaval in those areas. Yes, getting this into place would mean that we wouldn't start exporting this till 2015 or so, but we'll need the money then just as much as we need it now.
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Old 03-10-2014, 10:23 AM
 
Location: Houston, TX
135 posts, read 179,472 times
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Originally Posted by Gandhi the baby deer View Post
How is this good for Texas?
Did you read and comprehend the article? While it was poorly written and offered little in terms of quantifiable new analysis (mostly half-baked, under-formed opinions which relate well to most posters on CD), the concept is simple - more jobs will likely come to the Gulf Coast. These jobs will involve the liquefaction and eventual maritime transport of natural gas (produced in any number of ways and locations). And the ultimate prime beneficiary will likely be the energy ecosystem that exists in and around Houston and Gulf Coast Texas.

I see you like to spout theories about Texas cities and overlay them on more dated templates (kind of like your insistence that Dallas is some kind of Chicago-meets-the-digital-age). Let me give you one that is actually true: the majority of the engineering, construction, operational, financial and logistical talent and physical infrastructure that involves liquefying natural gas is rooted in Houston. It is the "silicon valley" of the Energy Industry, and LNG is part of that industry. Oil and gas can be drilled anywhere - the expertise behind the process is uniquely Texas (and part of the reason that Greater Houston has a significantly larger economy than the DFW Metroplex despite having significantly less people). And that especially goes for the knowledge it takes to plan, build, test and operate something as complex as a LNG plant.

If $64+ billion of CAPEX is going to be spent to build some LNG plants along a swath of coast where Houston is dead in the center, how could it not benefit Houston firms? Who else is going to build them? Operate them? Not only that, but the thousands of well-paying jobs that LNG plants directly support will lead to thousands more jobs of people who support those workers, from industry to retail. The natural gas can come from anywhere - the point is that turning it into liquid and shipping it via boat is a tremendously capital intensive and specialized process. It is the energy "value add" that transcends the vulgar idea that energy wealth is only generated from people drilling holes in land. It's what Houston does. Many (if not most) of these plants will be outside of the immediate SE Texas area, but the pipeline of economic benefits will just as surely flow back to Houston.

Energy is a real product. It's takes skill and learned expertise to bring to market. And it is a wildly productive source of real wealth. You can build an airport, warehouse, truckstop, mall or generic office park anywhere, but few places can capitalize on energy developments. If you have a large port, energy infrastructure and the biggest collection of skilled energy professionals in the world, you will benefit. That is how it is "good for Texas".
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