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.

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

Massive pipeline planned to pump Ohio shale products to Texas
This needs stopped. Ohioans pay the price, putting up with pollution, leaks, explosions, and the top one percent profit from exporting fracked product to China.

National Weather Service confirms three tornado touchdowns yesterday
I was driving back from a party and was caught in the middle of a large thunderstorm. The hail and lightning were a whole light closer than usual, is something ...

Another Indians season opens with Chief Wahoo under scrutiny
The picture you have for Robert rocha is not him. He has long hair. No idea who that guy is in that picture

Portman predicts McDonald's confirmation, but says it won't be easy
I sent the following note to Senator Blumenthal after reading commentary from yesterday's hearing: Senator, You certainly have the right to ask Mr. McDonald que...

Seven minutes changed everything, but what changed Ashford Thompson?
He shot the guy four times in the head. I have never been that drunk or mad, and I have been through it. Shoot a guy once is bad, maybe a mistake, shoot a guy f...

First cricket farm in the U.S. opens in Youngstown
I am interested in cricket flour to replace soy flour in a low carbohydrate diet. As soon as you have cricket flour available for the average person, please le...

New process starts digesting sludge in Wooster
Awesome! When do our sewage rates decrease accordingly?

Akron's Chapel Hill Mall in foreclosure
Not a surprise. Between the shoplifting, gangs and violence that goes on up there it is no wonder that no one feels safe to shop at Chapel Hill. They have sca...

Ohio launches investigation into at least one Concept charter school
I worked at Noble Academy Cleveland as admin assistant and enrolment coordinator for 6 years, I know this is so valid and true and can provide staff names and p...

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