Producing countries will always enjoy lower prices of a commodity produced locally over that of the importers. Exporting NG will reduce our trade deficit and energy dependence on other countries because higher prices will spur production here including the oil found with NG.
Increased NG usage/demand worldwide will improve the technologies associated with its use, lower costs, and improved the stability of our economy.
Producing countries will always enjoy lower prices of a commodity produced locally over that of the importers.
Absolutely correct - just ask OPEC ;-)
The current large disparity - $15 per mcf in EU and Asia vs. $2 here prove it. (And that is our price, not our production cost).
Chesapeake Energy (CHK) hit a 52-week low today on some CEO loan nonsense, it’s a good company that’s now even more underpriced. I bought more.