Despite objections, the U.S. is heading down the road to export natural gas, and that could ultimately help shake up world energy markets.

The boom in U.S. natural gas, thanks to new drilling technologies has resulted in a record amount of recoverable gas at cheap prices. Selling some of it abroad would bolster U.S. exports, help trade imbalances and relations, and provide fuel to parts of the world where it is now scarce and expensive.

But there are concerns that the shipments out of the country will mean higher prices in the U.S. which has enjoyed extremely low prices recently. Natural gas futures on the NYMEX have been trading at about $3.50 per million BTUs. Natural gas is much more expensive in other parts of the world, especially Asia where the price is oil-linked.

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