I am of course deeply shocked that energy companies would misrepresent the advantages of allowing them to extract natural gas!
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.”
Much of the salesmanship to promote gas exploration nationwide, and especially in Pennsylvania, pressed the point that the country must become less dependent upon foreign energy sources.
It avoided discussion about exporting that gas overseas.