The United States has an new abundance of natural gas – so much that prices have fallen dramatically. However, natural gas prices in other parts of the world are still relatively high. Should the United States respond by exporting natural gas? What would happen to prices and supplies if enormous quantities of natural gas were exported?
Related: What is LNG [1]?
[1] http://geology.com/articles/lng-liquefied-natural-gas/
More at Christian Science Monitor.
The Pennsylvania State Legislature has another potential bill that is designed to apply a 4.9 percent severance tax on natural gas extracted from Marcellus Shale wells in Pennsylvania.
More at PhillyBurbs.com.
Some members of Congress recommend opening portions of the Arctic National Wildlife Refuge and the outer continental shelf for oil and natural gas drilling as a way to create jobs and cut the deficit.
More at FuelFix.com.
The Baker Institute for Public Policy at Rice University has published a report titled: “Shale Gas and U.S. National Security”. “This study assesses the impact of U.S. domestic shale gas development on energy security and U.S. national security, with emphasis on the geopolitical consequences of rising supplies of U.S. natural gas from shale and the implications for U.S. foreign policy.” Quoted from the report summary.
