Marcellus shale gas may head overseas

[RamboLiberal]

Source: Pittsburgh Tribune-Review


Drilling companies rapidly expanding their U.S. operations in places such as Pennsylvania's vast Marcellus shale formation repeatedly tout they are providing American jobs and securing the nation's energy future.

Yet, a Tribune-Review examination found foreign companies are buying significant shares of these drilling projects and making plans for facilities to liquify and ship more of that natural gas overseas.

A leading player in the natural gas grab is China, whose thirst for energy to fuel its industrial explosion is growing rapidly. Others include the governments of South Korea and India, and companies in Great Britain, the Netherlands, Norway, Japan and Australia.

"They're going to come in, extract all this stuff for next-to-nothing, and make global profits off it," said Pittsburgh Councilman Doug Shields. "This is beads for Manhattan, in a global sense."





Read more: http://www.pittsburghlive.com/x/pittsburghtrib/s_731595.html

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Surprise! Surprise! Screw the water, screw the air, screw the environment and the gas companies laugh all the way to the bank and payoff the pols while they sell overseas.

[ellenfl]

1. but the righties say this is OUR energy source. how can this be? eom

[Historic NY]

2. Its isn't about energy here its about energy there....yup we're suckers.

[enough]

3. And, if they're in PA, pay no taxes on it as they take it away. (nt)

[creeksneakers2]

4. Governor Corbett said tax free would keep prices down

Tax free obviously won't keep prices down in Pennsylvania if all the gas is going overseas.

[Downwinder]

5. Welcome to third world status.

[freshwest]

7. Is there something lower than that? Like uninhabitable wasteland?

Check the video:

http://www.pbs.org/now/shows/613/index.htm...

Or

http://video.pbs.org/video/1452296560 /

[Downwinder]

11. Ought to be following the Ecuador/Chevron law suit

[freshwest]

14. The oil companies have been destroying the environment there for years and screwing with...

The democratic processes there and putting in Yes-Men. Which is what they've done here covertly, but now they're open about it. Just like in any other banana republic.

Their processes ruin the water and soil and their running buddies privatize the municipal water supplies and make war on the people that way. The water wars are the real killler.

Now they're doing the same to us. What goes around comes around and it doesn't take any prisoners.

That's why we have to cut these guys off at the knees, no matter what it takes.

[freshwest]

6. Thank the US Chamber of Commerce!

[rug]

8. The poisoned water will stay behind.

[jpgray]

9. I think Nestle has rights to bottle it.

[rug]

10. And sell it back to us.

[Downwinder]

12. You can't collect the gas out of your water wall. That is not your gas.

[UnrepentantLiberal]

13. Thanks for the assist, T. Boone Pickens.

Our oil crisis is solved.

[The Wielding Truth]

15. Corbet is selling out his state. Just like the other Republican Govs.