We cannot possibly export enough LNG to weaken Russia.
Remember, using up our gas faster means we have less later when prices will likely be higher.
But, but Soros has suggested that we sell our petroleum reserves to lower the price of oil! And legalize pot! That will fix everything!
We have enough natural gas to prevent Russia from using theirs to strong arm Europe. All you need to know is that the Saudis are panicking over fracking in this country, the huge potential and the repercussions for the world market. We’re on track to stop importing 25% of the worlds oil. That’s a huge amount to be left in the market. Even with other country’s growth it still means an over supply and eventually lower prices. One analyst is predicting oil in the $20 range simply because of the massive supplies we’re developing.
We have the potential to destroy OPEC. If you thought the cheating within OPEC was a problem before, you haven’t seen anything.
By exporting LNG we’ll also affect the market for oil. It’s all good. We do need slightly higher prices to encourage more drilling.
Exactly.
We should be using our energy to retool our manufacturing base and rebuild so that we can be self sufficient in other ways in addition to energy.
I can’t understand why people just want us to make the fastest buck we can on energy now that we might desperately need later or could sell for a much higher price later.
It’s like eating your seed corn.