Is this what that proposed pipeline is really for, exporting gas
for profit of gas company executives at the cost of our local land?
Rep. Ted Yoho (R FL-03) of north Florida is on this House subcommittee.
25 April 2013,
NATURAL GAS EXPORTS: ECONOMIC AND GEOPOLITICAL OPPORTUNITIES:
HEARING BEFORE
THE SUBCOMMITTEE ON TERRORISM, NONPROLIFERATION, AND TRADE
OF THE COMMITTEE ON FOREIGN AFFAIRS, HOUSE OF REPRESENTATIVES, ONE HUNDRED THIRTEENTH CONGRESS, FIRST SESSION,
Opening statement by Chairman Ted Poe (R TX-02) of Houston:
Five years ago, companies were building terminals to import natural
gas at the cost of billions of dollars because analysts agreed that
the United States’ economy was going to need natural gas from
overseas. Today, that scenario has changed 180 percent. Import
terminals lie dormant. The Department of Energy has 19 applications
waiting to get permission to export natural gas. Thanks to
breakthroughs, the United States’ natural gas reserves have climbed
72 percent since 2000 and 49 percent since 2005. The amount of
natural gas that is technically recoverable in the United States is
97 times greater than all of the natural gas we consumed in 2011. In
plain terms, this means we have an abundance of natural gas that we
are not using. It is just sitting there, and this is really not
smart policy, or smart business.
A big reason why is Continue reading House subcommittee wants to export gas →