On top of this, the USA has so much natural gas that comes out with the oil pumping that it has to be flared (burned) off, wasted.
!!!!
At night, coming home on highway 1804 running north out of New Town, looking across the Missouri, you could see the flare stacks burning, many miles away. To many to count while driving
My group had signed contracts with KOGAS in S. Korea with their billionaires pledging investment to construct LNG terminals in Long Beach, CA and in New Jersey. The contract was conditional on obtaining approval of an export license.
I foresee LNG terminal construction on both coasts of the USA with NG piped into the LNG terminals from oil-producing regions.
So your observations of burning NG may fade in the next few years.
A strong LNG export infrastructure will make the USA the biggest seller of NG in the world, and that will really hurt the Russians.
I don’t think the President wants to deliberately hurt the Russians but for sure he’s interested in helping domestic exporters as long as pricing here at home brings benefits to Americans.
How US-Russia relations will evolve I am not sure. The Russians will be happy if their cash cow is not starved to death. It will be interesting to see how everyone adjusts.