22 Mar '12, 3pm

LNG Exports Would Help the Environment

LNG Exports Would Help the Environment

Photo: Robin Lucas, via Wikimedia Commo With friends like these, who needs enemies? The Sierra Club is fighting new Liquified Natural Gas (LNG) export terminals , because they believe LNG exports would reward and encourage producers of shale gas. Fighting shale gas has blinded them to the bigger picture. If LNG exports were to reward shale gas producers, they would have to be significant enough to raise the price of domestic natural gas. Such large exports would also lower the world price of LNG. Effects on Domestic Markets Higher domestic natural gas prices would help shale gas producers, but they would also help other producers of domestic energy which compete with natural gas. Domestic consumers of natural gas would also have stronger incentives to use gas more efficiently, or switch to other options. Solar, wind, geothermal and energy efficiency industries (of which th...

Full article: http://www.altenergystocks.com/archives/2012/03/lng_expor...

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