Sunday, 20 January 2013 08:46

US Natural-Gas Exports Are Still Even a “Question”?

The U.S. government is  capable of recognizing the widespread wealth-generating benefits of free trade and allowing exports in certain areas of the economy (just take a closer look at the government’s involvement in the agricultural sector for plenty of examples), but for some strange reason, the current energy-company clamor of applications for obtaining permits to further export liquified natural gas is persistently encountering some fierce resistance. 


Mark Perry explains at AEI: 
But here’s where rent-seeking the picture. Energy-intensive US manufacturing companies like Dow Chemical, Nucor (the country’s largest steel producer) and Alcoa have benefited significantly from historically low natural gas prices, and want to restrict natural gas exports through the political process, to protect their lower energy prices and higher profits. 

Source:http://hotair.com/archives/2013/01/15/the-reason-why-natural-gas-exports-are-still-even-a-question/  


 

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