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Energy Tomorrow Blog

Job Creation, Economic Benefits Argue for LNG Exports

natural gas  lng  exports 

Mark Green

Mark Green
Posted February 25, 2013

New analysis by the consulting firm ICF International indicates significant potential economic benefits from the export of U.S. liquefied natural gas (LNG):

  • An average across the studied cases of 213,000 new jobs supported by LNG exports from 2015 to 2035.
  • An average across the studied cases of 24,000 new jobs in the manufacturing sector over the same period.
  • More than $720 billion in cumulative economic growth over the same period.
  • An additional 291,000 barrels per day in natural gas liquids – the critical feedstock for chemicals and other industrial sectors – by 2035.

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Senators Push for LNG Exports

trade  lng  exports 

Mark Green

Mark Green
Posted February 22, 2013

A bipartisan group of U.S. senators has written Energy Secretary Steven Chu, urging the government to support liquefied natural gas (LNG) exports for the good of our economy and to improve our trade balance. Key points in their reasoning:

  • Increasing demand for U.S. natural gas will be easily met by increases in production. The letter cites U.S. Energy Information Administration projections that a 20 percent increase in domestic natural gas demand between now and 2040 will be fully offset by a 40 percent increase in production.
  • Domestic production will be stimulated if producers have greater access to U.S. natural gas reserves onshore and offshore – as well as greater access to “consumption markets.” This will bring job creation, economic growth and generate an in-flow of revenue from abroad.
  • Artificial restraints on the marketing of U.S. natural gas tend to inhibit future investment in development.

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State of the Union: The Thinking Game

state of the union  lng exports  keystone xl  fracking  energy  oil 

Mark Green

Mark Green
Posted February 12, 2013

OK, so here’s the deal: Seldom is the annual State of the Union message going to be confused with the Gettysburg Address for lyric quality. Historically, presidents use the speech to set out detailed policy agendas. As listeners seek focus during an oration that might stretch an hour or more, we’re here to help.

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Two Charts, One Message on LNG Exports

trade  natural gas  lng exports  energy 

Mark Green

Mark Green
Posted February 4, 2013

Why isn’t the world’s leading producer of natural gas also its leading exporter – or at least among the world’s top exporters? The answer is nearly as simple as the first two: Because so far we’re not taking full advantage of our resources by recognizing the export opportunities out there and working to supply them.

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On LNG Exports, Let’s Stick to the Facts

domestic energy  exports  lng  liquefied natural gas 

Mark Green

Mark Green
Posted January 28, 2013

The campaign against the free trade of U.S. liquefied natural gas (LNG) generally goes down a few of tracks:

  • Consumers will be hurt as “excessive” LNG exports stretch demand, making natural gas more expensive here at home.
  • Blocking or restricting LNG exports will best fuel U.S. economic growth.
  • The federal government needs to prevent “unrestricted” or “unlimited” LNG exports.

Fortunately, this doesn’t have to be one opinion against another. The U.S. Energy Department has a recent, comprehensive study on these issues in hand, in addition to reports and studies by other reputable organizations. The conclusions, based on scholarly research, should guide the federal decision on licensing the construction of LNG export facilities – more than a dozen of which are awaiting approval.

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LNG Exports for U.S. Jobs, Economic Growth, Trade

trade  lng  exports  energy policy  energy economy  domestic energy development 

Mark Green

Mark Green
Posted January 25, 2013

This week API, on behalf of the U.S. oil and natural gas industry, furnished comments on the Energy Department’s 2012 study of the impact of exporting U.S. liquefied natural gas (LNG). You can read them in full here, but let’s cover some of the main points.

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Natural Gas Abundance and LNG Exports

access  energy economy  lng exports  natural gas 

Mark Green

Mark Green
Posted January 18, 2013

One argument being made against the export of U.S. liquefied natural gas (LNG) is that exports might create a domestic natural gas shortage, harming consumers and industries that use natural gas to make things or to power their operations. The chart below shows that this line of attack is just fear mongering.

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LNG Exports: A Win for the U.S. Economy

domestic energy resources  energy economy  energy policy  exports  liquid natural gas 

Mark Green

Mark Green
Posted January 17, 2013

America’s newfound abundance of natural gas resources is a boon to the nation.  It is creating jobs, reducing home heating and electric bills and lowering energy and raw materials costs for businesses. … And the opportunity to do more is before us – to produce more natural gas, spur additional economic activity and create even more jobs – by serving international markets as well as American ones.

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On LNG Exports, Short-sighted Opposition to Free Trade

energy policy  manufacturing  regulation  energy exports  liquid natural gas 

Mark Green

Mark Green
Posted January 11, 2013

Here’s one of the main things wrong with arguments some are making against the export of U.S. liquefied natural gas (LNG): They substitute narrow interests and agendas for the proved economic benefits of free trade to the entire United States – long demonstrated in the sale of countless other U.S. commodities to overseas buyers.

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Our Shale Energy Future

lng exports  lng  energy policy  domestic energy 

Mark Green

Mark Green
Posted December 27, 2012

The continuing debate over America’s shale energy wealth – both natural gas and oil – boils down to this: Will we safely and responsibly develop those resources with cutting-edge fracking technology or fumble away an historic chance to take greater control over our energy future by leaving those resources in the ground?

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