Replies to post #12657 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[OTCRIDER]

...In 1975, the United States banned the export of US crude oil due to a domestic shortage. In 2016, the US plans to lift the ban. Why? It feels the domestic and global markets are oversupplied. The lifting of the oil export ban means US producers will get higher prices in the global oil market due to higher global benchmark crude oil prices.

http://finance.yahoo.com/news/us-producers-react-possible-lifting-150657128.html;_ylt=AwrSbm2EE3JW9CcAA8RXNyoA;_ylu=X3oDMTExbGtvMmJiBGNvbG8DZ3ExBHBvcwMxBHZ0aWQDVUlDMV8xBHNlYwNzYw--

GLTU

[Swing Party]

Good info to have but I don't see how repealing the ban on oil exports will help NG. True there is talk of banning flaring of NG, but I think that may hinder price more than help.

[Rock_nj]

The US' first LNG Export Terminal in Sabine Pass, LA is now drawing nat gas at about 0.5 bcf per day. Check it out:

@pradeeepk $LNG already sucking in Natgas. $UNG $SWN pic.twitter.com/tm2iHPJHhR

— MacroValue (@pradeeepk) December 17, 2015

The beginning of a new era for natural gas production in the US.