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