Tag Archives: LNG
It appears conditions are right for the U.S. to export oil and gas in significant amounts to Europe. This would be not only economically favorable to the U.S. but politically very favorable to Europe, since it could largely replace in the medium term an unreliable source of energy supply from Russia by a much more reliable and friendly source, the United States.
For perhaps the first time since the 2010 election inaugurated divided control of Capitol Hill, there was actual excitement about energy legislation as the House took up a bill to expedite the export of liquefied natural gas (LNG). It’s not that the House hasn’t passed dozens of bills to encourage domestic oil and gas production, or discipline extralegal rulemakings by the EPA – it surely has. Rather, it’s been the automatic DOA status of these measures in the Senate that’s made the movie seem old and predictable. Well, that may be changing.
As a professional staff member on the U.S. House Foreign Affairs Subcommittee on Oversight and Investigations in 2011, I was able to visit several countries to check on how the U.S. Aid for International Development (USAID) agency was fulfilling its many missions. On the agency’s website is the statement, “Broad-based economic growth is essential to sustainable, long-term development. It creates the opportunities impoverished households need to raise their living standards, provides countries with the resources to expand access to basic services, and—most important of all—enables citizens to chart their own prosperous futures.” Absolutely true, and not just in “developing” parts of the Third World, but in all parts of the world as “development” is an ongoing process everywhere.