Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

U.S. Sparks Fly Over LNG Exports

WASHINGTON (UPI) — U.S. lawmakers are divided over a government report on possible LNG exports, with backers touting economic gains and detractors worried about who benefits.

 

 

 

NERA Economic Consulting produced a 212-page report under a commission from the Department of Energy. The report stated that potential exports of liquefied natural gas from the United States could have “net economic benefits” for the country.

 

 

 

“Net benefits to the U.S. would be highest if the U.S. becomes able to produce large quantities of gas from shale at low cost, if world demand for natural gas increases rapidly, and if LNG supplies from other regions are limited,” the report states.

 

 

 

U.S. Rep. Fred Upton, R-Mich., chairman of the House Natural Resources Committee, welcomed the report, describing the U.S. natural gas sector as the “bright spot” in the U.S. economy.

 

 

 

The report said, however, that consumers may pay more as a result of the emerging gas boom. An increase in LNG exports, meanwhile, is “not likely” to affect the overall employment outlook in the United States.

 

 

 

“If exports are approved, the winners are mainly those in the natural gas business and those holding their stock,” Rep. Ed Markey, D-Mass., Upton’s counterpart on the committee, said in a statement.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “U.S. Sparks Fly Over LNG Exports”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.