Now this will be interesting - the first decent news out of the federal government in a while.
From the UK Telegraph:
US to launch blitz of gas exports, eyes global energy dominance
The United States is poised to flood world markets with once-unthinkable quantities of liquefied natural gas as soon as this year, profoundly changing the geo-politics of global energy and posing a major threat to Russian gas dominance in Europe.
"We anticipate becoming big players, and I think we'll have a big impact," said the Ernest Moniz, the US Energy Secretary. "We're going to influence the whole global LNG market."
Mr Moniz said four LNG export terminals are under construction and the first wave of shipments may begin before the end of this year or in early 2016 at the latest.
“Certainly in this decade, there’s a good chance that we will be LNG exporters on the scale of Qatar, which is today’s largest LNG exporter,” he said, speaking on the margins of the IHS CERAWeek energy summit in Texas.
Qatar may be the world exporter but it is Russia that supplies Europe and this trade is what gives Russia its operating capital. Putin's overreaches are being funded by Russian petroleum sales - remove this and we have bottled the tiger. It will not hurt to cut into the middle-east oil business too - they are the chief sponsors of international terrorism and Islamic jihad. Take them down a notch or two.
The article also mentions that Australia has a huge Natural Gas field that is just coming online and that our own technologies for extraction efficiency are getting better and better so we will be able to recover even more from older wells.
Now if we would just get Thorium reactors in the pipeline to being built, this would be a wonderful place to be. Almost free energy - who can find anything wrong with that? Besides the watermelon greens.
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