U.S. Natural Gas Will Soon Run the World
"Fossil fuel — particularly, natural gas — will be at the forefront when it relates to soft power, national security, and robust economic growth for mature and emerging markets. The U.S. now uses natural gas converted to liquid natural gas (LNG) from shale deposits in states such as Texas, North Dakota, and Pennsylvania to transform geopolitics.
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- Positively, it means that the U.S. no longer has to rely on Middle Eastern authoritarians to power its economy, and the world order that has depended on the U.S. for global security since the end of World War II
- The industry is expected to support 3 million jobs by next year. This new energy market will also contribute $62 billion in federal and state tax revenues in gas-producing states.
Natural gas production and liquefied natural gas exports are an important part of President Donald Trump’s America First energy policy. In a speech outside a Louisiana liquefied natural gas plant, Trump said, “We should be producing [energy] at home, not enriching foreign adversaries abroad.”
Domestic natural gas production will provide the United States with a stable supply of affordable energy well into the future.
A strong liquefied natural gas trade policy that removes burdensome regulations and empowers the states will strengthen our global energy leadership and protect our allies abroad from manipulative energy suppliers, such as Russia and Iran.