Natural gas prices stateside remain a fraction of the panic-buying levels being seen in Europe. Still, after a decade of gas being reliably marked down, its surge to levels last seen in late 2008 — an unpleasant period, you may recall — is bound to stoke the sort of existential energy-related fear never far from the surface.
As we all know, fear leads to anger, anger leads to etc. And some of that anger is being directed at the new guy — or, liquefied natural gas in this context. In the past five years, the U.S. has gone from essentially zero exports of LNG to representing a tenth of global trade. Cue calls for Washington to step in and stop those cargoes departing American shores, leaving more (and thereby cheaper) gas at home.
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October 07, 2021 at 05:30PM
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Biden Shouldn't Cut Off LNG Exports to Fight High Gas Prices - Bloomberg
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