I know, we couldve started years ago but for the current occupant of the White House.
Any other president would have been psychic? Up until a month ago there wasn't any reason for Europe to be considering alternative sources for their natural gas. No company is going to invest the billions in an LNG processing plant without a guaranteed customer.
The DOE must approve LNG applications, and it sits on them. Furthermore, U.S. industries that use NG are lobbying our government to not repeal the law that requires DOE review.
No company in its sane mind would construct a LNG plant under these circumstances. (Although I hear one company is trying, in Texas).
posted on 03/21/2014 6:04:30 AM PDT
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