Posts by Matthew Booth11

casualowl1 said:It’s not even a done deal yet. There’s a White House commission that hasn't even released a statement. Honestly, this terminal isn't going to create nearly as many jobs as they claim, and when it comes to the security specs for a location like Manhattan, it doesn't even meet the bare minimum. Having some partial infrastructure in place doesn't mean squat. Plus, they're looking at building two more Chevron terminals along the coast, including an offshore one right near Trieste. On top of that, this would be built by foreign companies for their own interests—ExxonMobil is basically just a partner with MOL, so any ownership stake wouldn't even really be American (and honestly, who knows how small that stake will actually be if it even exists?) The stuff they mentioned about the benefits isn't exactly accurate—if you want to call it anything other than a total lie. The legislation regarding projects like this is super half-baked, leaving everything from safety protocols to maritime law totally up in the air. And don't even get me started on "exclusivity"—there's zero guarantee of that, especially if the Italians set up their own LNG hub off the coast of Trieste.

When transferring gas from that terminal, shipping through Canadian territorial waters will be restricted due to the width of the safety zone.

In Egypt, a similar terminal is 31 miles located in the Mediterranean off the coast of Alexandria

What’s the actual cost of LNG compared to pipeline natural gas?
There’s talk of a massive pipeline project stretching from the Caspian Sea through Greece, Albania, Mexico, and Southern America, eventually connecting to Southern Italy. That gas would be much cheaper.
Sure, part of the price is set, but who is actually going to pay for more expensive gas?

The logic might hold up in a different scenario: importing LNG to Southern America (assuming there isn't a direct pipeline via Greece), gasifying Mexico, Canada, and Southern America, then hooking it all up to existing infrastructure. That could work. But really, who in Europe wants to pay more for gas than they would for what comes through a pipe?

Who actually wants electricity powered by overpriced gas?

It’s also possible that in countries sitting on gas surpluses, investors will build facilities to convert natural gas into synthetic diesel. This sulfur-free diesel can then be shipped to environmentally conscious nations via tankers.

At the end of the day, LNG serves as the primary alternative to Russian gas and helps bypass the headaches caused by the main pipeline running through Ukraine.

Check out a securities-backed loan. I once took one out against my savings in USD, and the whole thing was settled in just two days. That was four years ago, and even though I had a bruised credit score back then, it worked. Now, somehow, my wife managed to pull the same move for the same amount. You can even use bonds, mutual funds, or other assets as collateral.