So much for natural gas staying in this country. Industrializing - TopicsExpress

So much for natural gas staying in this country. Industrializing rural areas, pushing families out, homes losing value... all for the rush to export Marcellus shale gas to other markets and countries in hopes of higher prices. The faster the better too, because companies like Rex Energy are losing money. The company reported second quarter net income of $8.1 million, or 15 cents per basic share, during the second quarter of 2014, down from $13.7 million, or 25 cents per basic share, during the same period last year.* The article for the public (below) doesnt mention the real reason for the major expansion in Butler County Pennsylvania. You need to go to Rex energys website to find that: Once this expansion is complete, Rex will be able to transport its residue gas south from the Lebanon Interconnect to access premium Gulf Coast markets, including future LNG export facilities constructed in the Gulf of Mexico.** These transportation agreements represent a significant milestone for Rex Energy, said Mr. Stabley. With a clear path secured to access premium markets for our natural gas production, we believe we have strategically positioned Rex to capitalize on strong price realizations for natural gas at the Gulf Coast for years to come.** Premium markets with premium prices so Rex Energy can capitalize on the backs of Butler County residents whose water has gone bad, home values destroyed and have nowhere to go. McEvoy is looking to sell her one-story, three-bedroom house, but it’s listed for less than what she owes on it. If it had public water today, I could probably sell it for $120,000,” said realtor Steve Warrene. “Right now with no water, we got it listed at $87,900. It’s not gonna sell because other houses in the area without water are selling for between $15,000 and $30,000.*** When the gas bubble bursts where will these companies be... certainly not in Butler County, Pennsylvania to help pick up the shattered pieces of lives lost to a boom and bust nightmare. KT

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