Energy

Economics 101 Comes to the U.S. Department of Energy: Exporting LNG is Good

Apparently exporting something America has in abundance creates economic value — in this case, natural gas, not wheat (but that would be obvious).  And the more of it you export, the more money you can make.  And apparently in Washington D.C. this is “breaking news.”

The Department of Energy (DOE) released a report it commissioned from venerable NERA Economic Consulting: Macroeconomic Impacts of LNG Exports form the United States.  Their mission?  “… use its NewERA model to evaluate the macroeconomic impact of LNG exports.”  Their findings?

Across all these [various levels of export] scenarios, the U.S. was projected to gain net economic benefits from allowing LNG exports. Moreover, for every one of the market scenarios examined, net economic benefits increased as the level of LNG exports increased. [emphasis added]

via Economics 101 Comes to the U.S. Department of Energy: Exporting LNG is Good – Forbes.

Categories: Energy, Natural Gas