Posted March 23, 2015
An Inviting Opportunity for the American Energy Renaissance
Washington Times op-ed (O’Keefe): Last month the White House submitted President Obama’s annual economic report to Congress. Nestled in the findings is a compelling case for lifting the country’s antiquated ban on natural gas exports.
“An increase in U.S. exports of natural gas, and the resulting price changes, would have a number of mostly beneficial effects,” the report states, for domestic employment, geopolitical security, our energy industry and the environment. The report ticks off numerous benefits — “create jobs in the short run,” “lower natural gas prices around the world,” “promote the use of cleaner energy abroad” — that make clear the question is not whether the United States should reconsider restrictions on natural gas exports, but when will policymakers step up to economic reality.
The value of lifting export restrictions on domestically produced liquefied natural gas (LNG) is becoming glaringly apparent. The Obama administration’s latest report not only adds to the body of evidence indicating now is the time to act, it reaffirms that doing so aligns with the president’s priority of promoting clean, sustainable energy here at homeand abroad.
Read more: http://bit.ly/1DQmRnI
More industry news:
- Drillers’ New Techniques, Experience Cut Well Costs, Boost Yields: http://bit.ly/1CKKxsn
- Smallest Oil Rig Drop in Three Weeks Shows Retreat is Easing: http://bloom.bg/1xdCyDf
- Cushing Crude Oil Storage (But Not Storage Capacity Utilization Rate) at Record Level: http://1.usa.gov/1G7nlW6
- Blog: Administration’s Response to the Shale Boom – More Regulations: http://uscham.com/1N7QTmy
- Blog: The Simple Math of Removing the Crude Oil Exports Ban: http://exxonmobil.co/1G7nWHt
- Editorial: Obama’s Green Light for Fracking Shows Extremism of NY’s Ban: http://nydn.us/1CRY4Qt
Below, a video featuring motorcycle owner Bill Byrne of Brooklyn, N.Y., talking about E15 fuel and the ethanol mandates under the Renewable Fuel Standard:
ABOUT THE AUTHOR
Mark Green joined API after a career in newspaper journalism, including 16 years as national editorial writer for The Oklahoman in the paper’s Washington bureau. Mark also was a reporter, copy editor and sports editor. He earned his journalism degree from the University of Oklahoma and master’s in journalism and public affairs from American University. He and his wife Pamela live in Occoquan, Va., where they enjoy their four grandchildren.