August 2014, Vol. 241, No. 8
Features
Why Manufacturers Oppose Unfettered LNG Exports
The Ukraine-Russia crisis has Congress rushing to consider monumental changes to accelerate exports of LNG that will permanently and negatively affect the U.S. natural gas market, due to high OPEC cartel crude oil-linked LNG prices, driving export demand. The knee-jerk reaction has unsettling consequences for manufacturing industries that depend upon affordable natural gas and power – but in fact, it will also substantially raise costs for all consumers and have detrimental effects to the economy long-term. Cartels are un-American and the antipathy of free markets; public policymakers should not let the U.S. market be influenced by them. The debate has energy-intensive,
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