Exporting Gas Would Help the U.S.
The Obama administration should capitalize on the robust U.S. natural gas supply and the economic opportunities it presents (“Natural Gas Exports, Maybe,” Review & Outlook, May 21). A new American Petroleum Institute study shows that allowing larger amounts of liquid natural gas to be exported will generate an average of from 73,100 to as many as 452,300 new jobs in the U.S. over the 2016-2035 period. Estimates also show that approval of liquefied natural gas (LNG) could grow our economy by nearly $74 billion annually over the same period. Any further regulatory stalling to the remaining 19 export applications is a roadblock to this economic shot in the arm.
Furthermore, allowing government price monitoring rather than free markets to determine how much LNG is exported is as ludicrous as the government monitoring global bread consumption to determine how much wheat we should export. Exports have proven to be a net positive boost for the U.S. economy and LNG exports shouldn’t be treated differently.
American Council for Capital Formation