US LNG conundrum solved

Listening only to the more vocal, sometimes hysterical opponents of US LNG exports might remind us of periods in US history when isolationists ruled political and economic thinking. "American energy for Americans" is catchy (if mindless) but ignores both the lessons of history and the logic of global economics. To hear some, you'd think exporting natural gas as LNG would immediately—or at least very quickly—drain supply so drastically as to force US residential consumers to freeze in winter cold and suffocate in summer heat. US gas-dependent industries at the same time would quickly go bankrupt from the consequent fly-up in prices. A recent analysis by LNG consultant Jim Jensen ...

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