“Now, surging U.S. exports – largely banned by Washington until just two years ago – challenge the last region OPEC dominates: Asia.”
Allright!
Hopefully “climate change” goes the same way as “peak oil” did.
Drill Baby, Drill!
Wouldn’t this increase the royalties land owners receive from the oil companies involved with the gas industry ?
All part of the MAGA plan, and equally if not more important than what gets passed by the clowns in DC.
Now if we can increase our shipments of CNG/LNG and LPG to Asia and take that market from the Russians....
Is this petroleum trade large enough to bring our balance of trade with China back toward equilibrium to any noticeable degree?
If we put a modest export tariff on crude oil, an amount that would still leave the oil at a competitive price, we could start retiring the national debt.
I realize that there may be some economic/geopolitical reason for doing so, and if there is, someone please explain it for me -- but wouldn't it be better for our country (and cheaper for U.S. oil companies) to sell that oil right here at home, hopefully driving down domestic fuel prices? Instead of selling to a country that is not really our friend on the world stage.
Its part of the reason why Mohammad bin Salman in Saudi Arabia had to curb the power of the thousands of princelings in Saudi and also force the to pay back much of their skimmings from the Saudi State.
The Kingdom is going bankrupt.
That’s a very good thing, IMHO
I read somewhere that China signed a contract for the delivery of large amounts of LNG from the US. I guess they are ready to clean up their air pollution. The LNG should be delivered with certain political conditions attached.
LNG is the preferred fuel of the future, worldwide.
We export raw materials to the ChiComs and they ship us finished goods. Sounds like we are third world country now. Lose - lose.
Can we exchange debt for oil?