Summary
Some companies that control America's natural gas are pushing for government approval to export gas overseas for higher profits on the international market, a move that will significantly drive up prices in the United States because this nation still imports more than 10 percent of its domestic needs.
Among the biggest expected customers for American gas exports: energy-thirsty China, other Asian nations and Europe.See the full content of this document
Extract
Natural Gas Prices Set to Jump with Exports
Legendary Texas oilman, corporate raider and natural gas advocate T. Boone Pickens told the Tribune-Review that exporting large amounts of natural gas overseas is a mistake -- and a national security issue.
If we do it, Pickens said, "we're truly going to go down as the dumbest generation.""It's bad public policy to export natural gas -- a cleaner, cheaper domestic resource -- and import more expensive, dirtier...See the full content of this document
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