Political opposition to LNG exports by the US brings to mind monumental energy mistakes of the past.
The opposition comes from officials arguing that exports would raise the price of natural gas. It's motivated, to some degree, by industrial gas users naturally want the commodity to stay cheap.
In a market with constant supply, new demand indeed would raise price. For now, however, US gas supply can expand to accommodate new consumption. Indeed, supply now tends to overreact to indications of demand growth as many producers respond to any uptick in price.
These conditions won't last forever. The delivery system has physical limits. At some point, demand will push against those limits and ...