The Foolish Exporting Natural Gas Policy
The lack of a government policy that promotes domestic energy independence in the United States is a tragic consequence of playing politics for decades. The current rage is the natural gas boom that offers the alternative of producing a plentiful and inexpensive source of fuel. Economic prosperity rests upon cheap and reliable power and natural gas offers the best option. The pricing of natural gas is regional and quite different from trading crude oil. Loren Steffy reports in the Houston Chronicle, “A surge in drilling for gas from shale formations around the U.S. has generated a glut of natural gas, pushing prices below $2 per million British thermal units.”Forbes set out the basic dilemma that conflict with the true long-term internal energy benefit, from the use of our own resources, for the national interest.