Obama forms group to streamline natural gas policies

“Group’s main task is to keep the various federal entities all on the same page when it comes to developing new policies and regulations surrounding shale gas.

Part of their focus will also be on hydraulic fracturing, or fracking for short — a controversial technique that uses vast amounts of chemically-laced water, sand and pressure to crack shale rock and release the gas.”

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Exporting natural gas would be very profitable for US companies

“The best way to alleviate the problem of natural gas oversupply in North America is to increase its export. The most economical way to export natural gas is to liquefy it (LNG)” 

“It would be enormously profitable for North American E&P companies since gas trades in the US at $2.50 per million BTUs, in Europe at $9, and in some places within Asia at up to $16.”

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