Full Title: U.S. Natural Gas Exports: Lift Restrictions and Empower the States
Author(s): Nicolas D. Loris
Publisher(s): The Heritage Foundation
Publication Date: February 1, 2013
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Description (excerpt):
With the glut of natural gas and low gas prices in the United States, energy producers are seeking to liquefy and ship domestic natural gas to foreign markets. Exporting natural gas would provide a huge boon to the U.S. economy since it would expand market opportunities for American companies, and the higher prices would act as incentives for more exploration and production domestically. Unfortunately, the U.S. Department of Energy has delayed decisions on export licenses, preventing America from realizing its energy export potential. The Heritage Foundation’s Nicolas Loris explains how the economic benefits of exporting natural gas are immense, why the economic concerns are exaggerated, and why Congress should lift restrictions on natural gas exports.