the heartland institute

Will LNG Exports Save the Shale Gas Drilling Industry's Profitability? Not So Fast

Last year, a wave of bankruptcies swept the oil and gas drilling industry as oil prices collapsed, leading to layoffs, lost revenues for communities, and turning former boomtown-era mancamps into ghost towns in places like North Dakota's Bakken shale.

Even before oil prices plunged, the price of shale gas was already under siege from a domestic supply glut caused by the shale drilling frenzy. All told, prices dropped from its all-time high of over $15/mcf when the shale boom began in 2005 to $1.57/mcf — the lowest levels since 1998 — in March.

For shale exploration and production companies, however, the conventional wisdom has held for years that there is a light at the end of the tunnel — gas exports.

Unlike oil, natural gas is difficult to transport across oceans. To ship gas by tanker, it needs to be cooled to below -256 degrees Fahrenheit, an expensive and technologically challenging process, requiring the construction of multi-billion dollar Liquefied Natural Gas (LNG) import and export terminals.

Heartland Institute

Gerd-Rainer Weber

Gerd-Rainer Weber

 Credentials 

  • Ph.D., Meteorology, Free University of Berlin.
  • M.Sc., Atmospheric Sciences, University of Michigan. 

Source: [1]

Denier Conference Readies for Round Three

Among the many conservative think tanks faithfully pushing the skeptic message in Washington, D.C., few are as prominent—or, should I say, infamous—as the Heartland Institute. The “independent” research and non-profit group has the dubious distinction of having organized the first major denier-palooza, the “International Conference on Climate Change,” last year. Despite a less than stellar showing, and an even more lukewarm follow-up in March, it’s hoping that the third time will be the charm.

The likes of Senator James Inhofe, Lord Christopher Monckton and Anthony Watts will be descending on the Washington Court Hotel this week to discuss the “widespread dissent to the asserted “consensus” on the causes, consequences, and proper responses to climate change.” Its ostensible purpose will be to “expose Congressional staff and journalists to leading scientists and economists in the nation’s capital” and demonstrate that “global warming is not a crisis and that immediate action to reduce emissions is not necessary”—which it calls the emerging consensus view of (the handful of) scientists outside the IPCC.

New EU President to Address the Faithful at International "Skeptic" Conference

The new face of the European Union also happens to be the old face of global warming skepticism. Vaclav Klaus, the president of the Czech Republic and, since January 1, the rotating president of the European Union, will give a keynote speech at the second annual International Conference on Climate Change in New York.

The widely ridiculed skeptic gathering, which last year drew only a few hundred attendees (and no actual climate scientists), will address the “question” of whether global warming “was ever really a crisis,” according to its lead sponsor, The Heartland Institute.

Gary D. Sharp

Gary D. Sharp

Credentials  

  • Doctor of Philosophy, Marine Biology, Univ. of California (1972).
  • Master of Science, Biology, San Diego State University (1968).
  • Bachelor of Science, Zoology, San Diego State University (1967).

Source: [1]

David Wojick

David E. Wojick

 Credentials

  • Ph.D. “The Logic of Science”, specializing in Mathematical Logic and Conceptual Analysis, University of Pittsburgh (1974).
  • B.S., Civil Engineering, Carnegie-Mellon University (1964).

Source: [1], [2]

 Background

Wojick is a journalist and policy analyst. He holds a doctorate in epistemology, specializing in the field of Mathematical Logic and Conceptual Analysis.

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