VTaft Post-2 -- Grassroots People Forum

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Date Posted: 08:34:06 05/08/10 Sat
Author: McGee
Author Host/IP: 97-120-180-250.ptld.qwest.net / 97.120.180.250
Subject: VTaft Post-2

Patrick McGee said...
And Hanna criticizes Kroger for stifling a positve business climate and thousands of jobs regarding LNG siting, development and its pipelines. Sadly its an indicator of how exactly and sadly uneducated and out of touch he truly is on the subject? Eventually we are going to find that this current chase for yet another errant windmill by NCO's Bartoldus is exactly that in my opinion. Simply, bradwood Landing is dead and a historic victory for those who believe the process is not needed in Oregon and the future for OLNG in Warrenton and Jordan Cove in Coos Bay is just as bleak and we best be looking for other industry that works within the fabric of our state and can employ many more people than LNG receiving and storage terminals. The following excerpt is a fairly accurate assessment of the current market for the LNG process:....."Cameron Horowitz, an analyst at SunTrust Robinson Humphrey, said increased domestic supplies of natural gas have slashed prices, killing the demand for LNG imports. Two other companies trying to develop LNG facilities in Oregon would face "slim" prospects of success, he said.

"Every year for the past five years, there's been talk that this country would be flooded with LNG imports, but it has never come to fruition," he said from Houston. "Given the outlook for U.S. natural gas prices and the rest of the world, I don't see it coming to fruition at all over the next five years."

Horowitz said LNG facilities on the Gulf of Mexico have been trying to win permission to ship LNG stockpiles back overseas.

NorthernStar's bankruptcy filing listed assets of $165,930 and liabilities of about $129.5 million"...

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