By Bill Cooper
Nucor Corporation’s Daniel DiMicco’s April 23 op-ed, “Natural gas exports would halt US manufacturing comeback,” painted an inaccurate picture of U.S. liquefied natural gas (LNG) exports. America does have an abundance of natural gas, enough gas to satisfy growing domestic demand and still be able to sell to our trading partners abroad.
It is misleading and inaccurate for Mr. DiMicco to say moving forward with LNG projects will lead to “unfettered” exports. In addition to the thorough public policy review of LNG exports conducted by the U.S. Department of Energy (DOE) and a robust regulatory process already in place, countless studies from reputable, independent organizations, such as the Brookings Institution and Deloitte, have found that there will be, at most, a minimal effect on prices. DOE’s own third-party commissioned study found that exports would bring “net economic benefits” into the U.S. and not have a large impact on domestic prices.
Mr. DiMicco’s position is not one of protectionism. It is self-serving, for the benefit of a few and disregard of the whole.
The development of LNG exports represents a positive, unique opportunity for the American economy. The U.S. manufacturing industry, including the National Association of Manufacturers, American Chemistry Council, GE, and Caterpillar, has encouraged these projects. It is time for DOE to move forward with LNG exports.
Bill Cooper is the president of the Center for Liquefied Natural Gas (CLNG).
Read FuelFix coverage of the debate over exporting U.S. natural gas:
- Natural gas industry experiencing ‘paradigm shift’ (April 19)
- Skepticism over lower LNG prices (April 18)
- Little support for natural gas exports, UT poll finds (April 9)
- Gas export debate heats up over economic benefits (March 15)
- Natural gas exports concern chemical executive (March 20)