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.

The Holden Arboretum

Greater Akron Chamber

Knight Foundation


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

Farm-to-School: Cafeteria lunch is fresh and local at Tallmadge High School
Great job Tallmadge City Schools! So glad to have a progressive business manager and superintendant!

World premiere at Cleveland Institute of Music is fanfare for a new theme
J'ai une grande admiration pour Daniil Trifonov que j'ai vu en concert deux fois à Paris je ne lui trouve pas d'égal c'est un ange tombe du ciel

Kent's journalism school faculty protest presidential search secrecy
There really was too much secrecy behind the selection process. Hopefully the letter by the faculty members will convince the board to provide more information ...

Belgian cargo ship creates new export route between Antwerp and NEO
The vessel is registered in Amsterdam, The Netherlands. Not in Belgium ;)

Exploradio: Tracking Ohio's champion trees
Absolutely loved this story. We lost 3 of our larger ash trees last year due to EAB. Big, beautiful trees are something to be treasured, and many times they tru...

Ohio's rules on fracking and earthquakes are a first
I'm right in the middle of the issue. Like oil independence, but hope there is pre- and current-drilling assurance re dangers from pollution, earthquakes and th...

Bridgestone exec indictments are latest step in a billion-dollar price-fixing case
Why is O.P.E.C Not investigated and charges brought against it and it's member companies? It sounds exactly the same...

Ohio's new drilling rules rely on known earthquake faults
requiring drillers to place seismic monitors when they drill within 3 miles of known fault lines. This comment really upsets me!! What good does an instrument t...

Kasich's gubernatorial ad focuses on his blue-collar roots
John Kasich is the biggest con-man in America. He will say one thing and then do the opposite. He is terribly successful at fooling the public and he is worki...

Cab drivers who refuse to drive Gay Games taxis will be replaced
the irony is that most americans distrust or hate muslims much more than they hate gays!! silly ignorant bigots-GO HOME!!!

Copyright © 2014 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