DOE report encourages LNG export - KSWO, Lawton, OK- Wichita Falls, TX: News, Weather, Sports. ABC, 24/7, Telemundo -

DOE report encourages LNG export

Posted: Updated:
  • NationalMore>>

  • Last year's deadbeats do best as stocks stall

    Last year's deadbeats do best as stocks stall

    Thursday, April 24 2014 3:24 AM EDT2014-04-24 07:24:57 GMT
    Financial markets rarely stick to the script, and this year is no different.
    Financial markets rarely stick to the script, and this year is no different.
  • Fetal tissue used to power Oregon homes

    Fetal tissue used to power Oregon homes

    Thursday, April 24 2014 3:15 AM EDT2014-04-24 07:15:22 GMT
    An Oregon county commission has ordered an incinerator to stop accepting boxed medical waste to generate electricity after learning the waste it's been burning may include tissue from aborted fetuses from...
    An Oregon county commission has ordered an incinerator to stop accepting boxed medical waste to generate electricity after learning the waste it's been burning may include tissue from aborted fetuses from British...
  • Oklahoma court rejects death-row inmates' claims

    Oklahoma court rejects death-row inmates' claims

    Thursday, April 24 2014 2:44 AM EDT2014-04-24 06:44:40 GMT
    The Oklahoma Supreme Court ruled that two death row inmates are not entitled to know the source of the drugs that will be used to kill them, putting them back on track to be executed as early as next week.
    The Oklahoma Supreme Court ruled that two death row inmates are not entitled to know the source of the drugs that will be used to kill them, putting them back on track to be executed as early as next week.

Amarillo, TX -- Increased natural gas production both in our area and across the nation could be a significant boost to the U.S. economy despite higher fuel costs.

The Department of Energy recently released a report that says if we exported more natural gas, the revenue would far outweigh the rise in fuel costs - and some of that revenue could make its way to west Texas.

The report says if and when world demand rises, U.S. production could rise along with it to meet that demand.  And although the law of supply and demand says more exports would mean higher domestic prices, the increased revenue would far outweigh those increases.

The U.S. is the world's largest producer of natural gas, and Texas is the largest producer in the nation.

Texas produces about 23 percent of the nation's natural gas, but the lion's share of that is sold off.  So until we find more ways to use natural gas, it can still serve a purpose as a relatively lucrative commodity that creates both jobs and revenue.

Vice Executive Director of the Panhandle Royalty Owners Association Wayne Hughes explains, "When that market price comes up, it increases the drilling activity, that increases the number of people employed on drilling rigs, and that money that they take home in the form of wages flows through the economy about four times before it's absorbed."

The arguments against selling our gas are higher prices here at home and national security issues by selling to more foreign countries, but Representative Mac Thornberry disputes that argument, saying, "I don't think anybody that we would sell to would pose a future national security issue; among other things, it is making them vulnerable to us if we were to cut it off."

Keep in mind this report is only a report - but research like this is used in legislative decisions.

If you'd like to see that report for yourself, follow the link attached to this story. 

  • InternationalMore>>

  • Bloodied shirt, unwashed fork: JPII relics abound

    Bloodied shirt, unwashed fork: JPII relics abound

    Thursday, April 24 2014 3:54 AM EDT2014-04-24 07:54:36 GMT
    Inside a chapel on the edges of Rome, a nun uses a key to open a wooden wall panel, revealing a hidden niche. Behind glass and stitched loosely to supporting backing hangs a relic of holy suffering: the...
    Inside a chapel on the edge of Rome, a nun uses a key to open a wooden wall panel, revealing a hidden niche. Behind glass and stitched loosely to supporting backing hangs a relic of holy suffering: the bullet-pocked,...
  • EU, post-Soviet republics meet on partnership plan

    EU, post-Soviet republics meet on partnership plan

    Thursday, April 24 2014 3:45 AM EDT2014-04-24 07:45:30 GMT
    Amid Ukraine's deepening crisis, the presidents of post-Soviet republics and EU member states are gathering in Prague to save a project to boost their ties.
    Amid Ukraine's deepening crisis, the presidents of post-Soviet republics and EU member states are gathering in Prague to save a project to boost their ties.
  • Ukraine official: city hall cleared of protesters

    Ukraine official: city hall cleared of protesters

    Thursday, April 24 2014 3:45 AM EDT2014-04-24 07:45:27 GMT
    Ukrainian Interior Minister Arsen Avakov says police have cleared the city hall in a southeastern city of pro-Russian protesters who had been occupying it for over a week.
    Police have cleared the city hall in a southeastern Ukrainian city of pro-Russian protesters who had been occupying it for over a week, Interior Minister Avakov said on Thursday.
Powered by WorldNow
KSWO-TV, 1401 SE 60th Street
Lawton, OK 73501

Telephone: (580) 355-7000
Fax: (580) 357-3811
Email: news@kswo.com

All content © Copyright 2000 - 2014 Worldnow and KSWO. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.