Reports of the continuing change to the U.S. domestic energy resource picture. From the Wall Street Journal, “U.S Firms Plan to Export Gas“:
The emergence of the massive amount of gas in the U.S. “is a transformative development” that markets, policy makers and industry are still coming to grips with, said Daniel Yergin, chairman of IHS CERA, an industry consultant.
“Up until 2007 and 2008, the assumption was that the U.S. was going to be a major importer of LNG and we would be integrated into the global market as a buyer,” he said. “It never occurred to anyone we may be integrated into it as a seller.”
For the present the U.S. economy continues to import more natural gas than it exports.