News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Northeast Ohio Medical University

Knight Foundation

Greater Akron Chamber


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Foreign markets may be the best hope for Ohio's shale boom
Natural gas is higher value commodity outside the U.S.; ederal regulation of natural gas exports began in the 1930s
by WKSU's TIM RUDELL


Reporter
Tim Rudell
 
Drilling rig at twlight in Paris Township, Stark County, Ohio. Many early drilling operations were exploratory in nature, and did not turn up as much high grade oil as some energy companies had hoped
Courtesy of TPR
Download (WKSU Only)
In The Region:

Fears of Ohio’s Utica shale boom going bust followed reports that oil production in the first round of drilling was disappointing.  But, changes in federal regulatory activity may alter that. In Washington, a bi-partisan "working group" has been formed by members of Congress interested in the potential benefits of more active natural gas exporting. They want the U.S. Department of Energy to consider that potential, too. WKSU’s Tim Rudell reports

Click to listen

Other options:
Windows Media / MP3 Download (1:04)


There is a lot of natural gas in the shale under Ohio. But it isn’t very sellable; at least not at prices that justify the cost of drilling for it. Domestic markets are oversupplied.Natural gas storage tank  And, federal regulations can make it hard to sell overseas. So world markets, where gas prices are much higher than in the U.S., are having virtually no effect on domestic natural gas economics.  

Active in the House
Eight members of congress, including Tim Ryan of Niles and three other Democrats, and Bill Johnson of Marietta and three other Republicans formed a group to push tapping into the world market, where prices are high. They want the U.S. Energy Department, which regulates gas exports, to grant more permits.

"Even a small increase is going to allow us to increase economic output, create good manufacturing jobs and we don't have to get into anyforeign entanglements to do it."

Prices at home
Ryan says domestic gas prices would rise as a result; although not all that much becauseOhio Congressman Tim Ryan, Democrat, 13th District, was also a co-founder of the working group the domestic supply will remain huge. But, with rising market prices is general, energy companies will be far more likely to take wells into production, pumping billions of dollars in natural gas royalties into the Utica shale playand making the boom, well, boom. 

Action
Just two a few weeks ago, the Energy Department did issue permitting for a major new export operation from the Gulf coast

Related WKSU Stories

The plusses and minuses of RV homesteading in Ohio's oil patch
Friday, May 31, 2013

Fracking may cut watershed costs for property owners
Thursday, May 30, 2013

Big rigs and small buggies on the back roads
Thursday, May 23, 2013

Ohio tries to answer question of whether the drilling boom is going bust
Friday, May 17, 2013

Shale oil downturn doesn’t change activists' minds on fracking tax
Thursday, April 25, 2013

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Another Big Year for Ohio birder
Great piece about a great movie about great guys!

Cleveland protesters remain peaceful following Brelo verdict
THANK Goodness the Rev Al is headed to Cleavland to bring some civility to thses savage white PO-leece.

Cleveland deal ramps up civilian oversight of police
i would like to see police get mandatory psych evals one a year from out side the department.

The generation gap in care for developmentally disabled Ohioans
I don't understand how a few hours a day of caregiving can possibly help a person who lives with complex/multiple disabilities. Many waiver recipients totally d...

Marijuana referendum may change more than pot's legal status in Ohio
If our representatives would act in accordance with the will of the people things like this wouldn't happen. They dragged their feet and blocked discussion on t...

Area pastors and congregation members protest justice system
I live in Cleveland. trust me when I say the high incarceration rate is due to the high crime rate.

H1-B visa limits inhibit Cleveland startups and tech ventures
End the Indian h1-b visa scam now! Rishi Oza and other Indian operatives continue to lie both about the 'need' for these visas and the qualifications of Indians...

Ohio's attorney general rejectsthe latest proposal to legalize marijuana
i think the ag launguage is money hes talking about drug companies must pay him more than responsible ohio can

PBS documentary chronicles the fall of Saigon through new footage and stories
Hi, Does anyone know the number - in the pbs special "Last Days of Vietnam" documentary, of how many Vietnamese were evacuated? Please e-mail me the answer. T...

Protest planned at tomorrow's FirstEnergy meeting
The problems of the poor and downtrodden have nothing to do with First Energy. They are the result of Republican legislators who consistently reduce taxes on th...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University