Wednesday, April 10, 2013

Questioning the logic of US natural gas exports

Natural gas production in the US has been promising, and many people are now convinced that the nation is entering a new era of natural gas abundance. Because of the discovery of previously inaccessible shale deposits in the Earth, natural gas producers are now pushing for an end to the current limits on US natural gas exports.

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To this day, however, the country’s natural gas imports continue to maintain a rather large margin against exports. While imports have gone down from an average of 15.7 percent in the last 20 years to 12.7 percent in November of last year, the energy independence pipedream remain what it always has been—a pipedream.

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Despite opposition from alliances such as America’s Energy Advantage which aim to fight the loosening of export restriction, natural gas producers stick to their logic: selling American produce to the highest worldwide bidder is the way to go. Regardless of the country producing enough gas for domestic consumption, this logic asserts a country’s right to market its own produce to the free market. Hopefully, by doing so, it could improve current efforts in increasing natural gas production and ultimately, lead the US to become a force to be reckoned with in the gas exports arena.

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