Frack Attack
Shale Is America’s Answer to Russia’s Energy Weapon
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  • The US isn’t really set to be a large exporter of crude, and it’s even less prepared to export LNG. To its credit, the Obama’s FERC has granted a couple of licenses for new LNG export terminals, but given that there are currently virtually no LNG tanker export terminals (IIRC there’s a small one in Alaska, and that’s pretty much it), it’s unlikely that Europe is going to count on the US as an alternate source for natural gas until the infrastructure is there. We need to have a robust debate about the pros and cons of being a net seller of LNG on the world market (once you start, you probably can’t take it back later if you want to ensure domestic supply security), and, if we want this to be a real foreign policy tool, we need to be building terminal capacity like crazy.

  • Duperray

    Correct, in any circumstance US is not going to be a major exporter, just a market price stabilizer, which is not so bad. US gaz plays role in America countries where pipes can be deployed. The LNG cost barrier cannot be overcome and these export will eventually occur to face emergency situations: Present high Asia LNG prices correspond to Japan nuclear emergency situation. Within a couple of years, price pressure will drop there. China buying russian piped gas will not substitute Japan.
    Economics always has a hand over political perspectives.

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