Energy Environmental Blog

Restricting LNG Exports?

Written by Greg Russell | Jan 3, 2013 2:12:37 PM

We thought you might be interested in this Washington opinion piece by Robert Samuelson on recent calls to restrict natural gas exports.  A sample:  "Limiting LNG exports might initially cut prices, but the long-run consequences would be perverse. By depressing prices, we might kill the boom. Production would become less profitable or unprofitable, and new drilling would slow or stop. This is not just supply and demand. It’s also history. From 1954 to the early 1990s, the federal government regulated prices for interstate natural gas. Prices were held artificially low. 'Shortages' developed in the 1970s; drilling suffered."