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June 27th, 2012:

As Congress Looks Away, U.S. Prepares to Export Natural Gas

American Energy Coalition - June 27th, 2012

In this bitterly divided U.S. political environment, Republicans and Democrats alike are tiptoeing around arguably the most important energy policy decision in recent memory - whether to restrict natural gas exports, according to a recent report by Reuters. 

"While fluctuating gasoline prices, the Keystone pipeline and the fight over fracking steal headlines, the question of how much of the newfound U.S. shale gas bounty should be shared with the rest of the world goes largely without comment or coverage - despite holding far wider and longer-lasting consequences," Reuters wrote. 

The article says the reason for the silence is clear. "Unlike the relatively simple, black-and-white issues that politicians often favor and voters connect to, liquefied natural gas (LNG) is deep, deep gray," Reuters wrote. The article states that natural gas exports would inevitably raise U.S. natural gas prices. 

President Obama or his successor "will have to make a tricky decision, and its consequences may only become clear years from now: How much U.S. gas should be sold to other countries if it means boosting prices for consumers at home?" Reuters wrote. 

"Right now I don't think this issue is getting anywhere near the attention it deserves," Democratic congressman Edward Markey (D-Mass.) told Reuters. 

Click here to read the Reuters article.

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