Saturday, April 12, 2014

Top 5 Reasons LNG Exports Are a Very Bad Idea | EcoWatch

Top 5 Reasons LNG Exports Are a Very Bad Idea | EcoWatch



Most Americans have probably heard about the “boom” in natural gas, with U.S. production up by one-third since 2005. Besides historically low natural gas prices, one consequence is that companies like Exxon Mobil are now pushing the federal government to approve permits for more than 20 liquefied natural gas (LNG) export terminals. Big fossil fuel’s goal is to sell U.S. natural gas overseas, where it can fetch a higher price. Is that really such a good idea?

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