A grassroots movement (often referenced in the context of a political movement) is one driven by the constituents of a community. GRP does not necessarily condone or support the issues presented here. "We demand that big business give the people a square deal; in return we must insist that when anyone engaged in big business honestly endeavors to do right he shall himself be given a square deal." Theodore Roosevelt November 15, 1913
Saturday, March 03, 2012
From Upper Left Edge:Columbia Riverkeeper Letter To Oregon LNG Financial Backers, Leucadia National Corp.
The basic message here? Pull the plug on the project now!
I'm sure Ian Cumming will appreciate RiverKeeper for simplifying an otherwise very complex industry.
1. Political landscapes change. Clatsop county will and so will Oregon.
2. Demand for NG is at a low right now. True. So is coal. So is Oil. I won't go into why Oil is high but demand is NOT the reason.
3. As developed and 3 world countries continue to develop, the hunger for NG will increase. Google Supply vs demand to understand what NG prices will do.
4. Horizontal drilling (fracking) has caused a glut of NG. It will take some time (domestically) to absorb the supply which will keep prices down. Expect utilities to go crazy building more NG plants for electricity purposes. This is good because it will add construction jobs.
OLNG/Leucadia would be smart to play the patience game right now and wait it out. Things will change. As world demand increases, the pressure for export facilities will increase.
1 comment:
I'm sure Ian Cumming will appreciate RiverKeeper for simplifying an otherwise very complex industry.
1. Political landscapes change. Clatsop county will and so will Oregon.
2. Demand for NG is at a low right now. True. So is coal. So is Oil. I won't go into why Oil is high but demand is NOT the reason.
3. As developed and 3 world countries continue to develop, the hunger for NG will increase. Google Supply vs demand to understand what NG prices will do.
4. Horizontal drilling (fracking) has caused a glut of NG. It will take some time (domestically) to absorb the supply which will keep prices down. Expect utilities to go crazy building more NG plants for electricity purposes. This is good because it will add construction jobs.
OLNG/Leucadia would be smart to play the patience game right now and wait it out. Things will change. As world demand increases, the pressure for export facilities will increase.
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