Natural Gas
Natural gas exports to create jobs and economic benefits, new studies conclude
Last week the White House announced its intention to make America “a magnet for jobs and manufacturing so we continue to build things the rest of the world buys.” One way to advance that worthy ambition – and to give the overall economy a much-needed lift – would be for the Obama administration to give…
Of California and Texas and New York and Pennsylvania…
Several items have caught my eye in recent weeks that reinforce the old dictum that states are the laboratories of democracy. Under our system of government, states and individual localities may adopt different policy approaches on a host of issues. The lessons and success of those policies can offer valuable guidance to other lawmaking and…
Economic experts favor free markets for LNG trade
The national discussion on the export of liquefied natural gas (LNG) is raising several important issues with policymakers, and the American Council for Capital Formation (ACCF) recently assembled a roundtable of economic experts to clarify some of them. In publishing a transcript of that discussion, which it did yesterday, ACCF makes a significant contribution to…
The benefits of trade for global prosperity and diplomacy
My previous post discussed the abundance of natural gas brought on by energy production from shale and other so-called unconventional sources. This new energy paradigm offers tremendous economic and environmental benefits to the American people. It can also help the United States advance its global trade and diplomacy aims. National Security Advisor Tom Donilon spelled…
From scarcity to abundance in 10 short years
What a difference a decade makes. That’s the thought crossing my mind this week as thousands of delegates meet in Houston for the 17th International Conference and Exhibition on Liquefied Natural Gas, better known as LNG 17. The conference is the world’s premier LNG event, bringing together industry leaders, government figures, academics and others to…
The U.S. chemical industry gets cracking
The reversal in fortunes of the U.S. chemical industry is one of the most remarkable stories flowing from the tremendous increase in domestic energy production from shale and other sources. Speaking at the annual IHS CERAWeek conference in Houston today, ExxonMobil Chemical president Steve Pryor offered a good summation of the chemical industry renaissance that has been sparked by a new abundance of natural gas, which chemical manufacturers use as a feedstock.