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. Keep reading →
The sagging US economy and its energy sector will soon be getting a boost, as well as some help in competing with China.
On September 30, the board of directors of the US Export-Import Bank approved $3.4 billion in financing to support US exports in a wide range of industries, including aerospace, oil and gas, locomotives and solar. The hope is that the financing will create over 20,000 news American jobs and help in efforts put the country’s economy back on its feet. For energy companies struggling to compete with a heavily subsidized Chinese energy market, the financing could be a major game changer. Keep reading →