The WSJ has an interesting editorial on the potential global impact of North American natural gas production: "Then there's the potential for natural-gas exports from America, which is suggested by the massive discrepancy in prices between North America ($2.50-$4 per thousand cubic feet), Europe ($10) and Asia ($15). The U.S. government is likely to grant several export licenses for liquefied natural gas (LNG), but this promises to be politically controversial. If the U.S. takes a protectionist position, the North American gas market's integration assures that LNG will be exported from Canada and Mexico."
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