The average political news cycle is dominated by identity politics and the latest batch of gossip emanating from the nation’s capital.
Despite the best efforts of the mainstream press and Democratic leadership, there are many other things that we should be a lot more concerned about.
America’s energy independence is one of those things, and there’s actually some fascinating news on that front. In short, things may be a whole lot better in the future.
The Daily Caller has the details.
U.S. liquefied natural gas (LNG) exports may surge in the next decade, establishing America as an “energy superpower,” former Obama special assistant Jason Bordoff told The New York Times Tuesday.
The American LNG market has several unique advantages that make it attractive to other countries’ needing a reliable and affordable source of gas.
“U.S. gas is linked to a hub price and has no destination restrictions,” Bordoff told TheNYT in an email. “That means more competition, liquidity and supply diversity, and that will make global gas markets more flexible, efficient and secure.”
From a simplistic point of view, the amount of time and resources that are devoted to ensuring our nation’s energy needs are tended to is astounding.
Thankfully, it sounds like there’s at least a chance that things will get easier at some point.
LNG from the U.S., though, can be shipped overseas after it is chilled into a stable liquid state in special port terminals. The process also allows U.S. LNG tankers versatility in delivering shipments, able to pick out growing “spot markets” to do business in, the Wall Street Journal reports.
“We have seen interest around the world in accessing Henry Hub indexed natural gas because it comes from a stable source, it is affordable, and U.S. LNG has the most flexible contract terms in the market,” Cheniere Energy chief executive Jack Fusco told WSJ.
“The world is becoming more knowledgeable and comfortable with Henry Hub.”
If all goes well and the US in fact becomes an ‘energy superpower’ that’s a massive game changer.
This should be receiving a lot more attention than it is. Unfortunately, it won’t because it doesn’t revolve around unsubstantiated rumors or identity politics.
While that’s unfortunate, we’ll take it as a clear reminder that there’s plenty of good news out there if members of the press would bother to look for it.
Source: Daily Caller