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Will Obama's Irreversible Secret Fracking Deal raise US prices for NATURAL GAS too much? Can families afford to heat less energy efficient rented and owned homes if US LNG prices rise to global norms? How much rental housing could be lost?

mellon's picture

Trade deals are pushing to permanently, irreversibly eliminate longstanding US restrictions on natural gas exporting which could mean heating, cooking gas, hot water, etc. costs (all natural gas related costs) in the USA could easily go up a great deal. The US energy industry is clearly very excited about the United States becoming a major natural gas supplier to the world.

See: http://en.wikipedia.org/wiki/Natural_gas_prices

Electricity prices are likely to follow natural gas prices upward (LA Times)

US housing will need to become much more energy efficient to be economical. Rental housing may have to be vacated for a vacated long period of time to make it energy efficient, much of it will have to be torn down. Rise in gas prices at the same time will make urban housing much more desirable. Some difficult to determine amount of US housing, might be deemed "unfixable" and torn down. Tenants will need to find market rate housing as they have no rights to an apartment and rent control, where it exists is tied to a specific apartment.

Rebuilding northern communities in a more energy efficient manner, similar to European housing would be expensive but it would make economic sense if the price of natural gas was twice what it is now or more.. Some communities might not be able to make the transition.

However, many Americans could not afford to remain in them. Many families might not make it. "because markets"

All the superb oratory (about or) from the Obama Administration would never find them safe warm affordable housing or actual affordable health care.

Read these links, what do you think?

Would this trade deal's new natural gas export mandate make life so difficult for struggling families in northern, mountain, and midwestern communities that they would be forced to put their belongings in their cars and migrate southward, westward or eastward?

Even with the abnormally cheap price of natural gas in the US, many Americans still cannot afford heating gas now.

What will happen if the price of natural gas, (and electricity) surges, similarly to what happened several years ago with heating oil?

http://www.nytimes.com/2012/01/22/business/heating-oil-costs-surge-and-m...

Energy assistance programs have been the victims of nationwide cuts;

http://www.nytimes.com/2011/11/28/us/federal-cuts-give-maine-a-chill-as-...

Although the well-connected US energy industry, excited about the high profits to be made selling natural gas, especially in Asia, is pushing it the most, the "churning" of housing markets caused by people's homes becoming unforgivably expensive to heat would be a boon to the US building industry if incomes were higher.

Because of the FTAs ["investor-state" clause](http://tpplegal.files.wordpress.com/2012/05/isds-domestic-legal-process-...) once they built a LNG dock or other facility the US's commitment seems like it could become irreversible forever.

So no changing of the minds after any future elections would be possible. Thats the stability that multinational corporations say they need.

"Democracy is not predictable enough"
(Neoliberal mantra)

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fcc's picture
Submitted by fcc on

"Some difficult to determine amount of US housing, might be deemed "unfixable" and torn down.

Rebuilding northern communities in a more energy efficient manner, similar to European housing would be expensive but it would make economic sense if the price of natural gas was twice what it is now or more..

However, many Americans could not afford to remain in them."

So a million 3 decker's throughout the Northeast are put to the flame, and 5-10 million people are displaced while a benevolent social democracy works overtime to re-house them.

I anticipate some problems, perhaps even social unrest.