As the nation sits on the expansive fields of natural gas due to new fracking technologies, we are at a cross roads in answering question concerning the upcoming debate on our natural gas exports.
With Natural Gas at all time lows and the continued expansion of production due to fracking , domestic manufactures making natural gas byproducts (fertilizers, plastics, paints, etc.) have enjoyed the deflated price of natural gas. With an increased profit margin, due to natural gas being purchased at a cheaper price, this has boosted their bottom line leading to increased economic production.
Due to the higher price of natural gas overseas a growing interest in natural gas exportation is becoming an increasingly discussed issue in port cities around the U.S. and on Capital Hill. While the lower prices benefit many in the manufacturing of natural gas by products, the glut has led to the stagnation of prices and has resulted in many producers considering natural gas to be an unprofitable option.
Exporting natural gas is seen as a savior on both ends; increased product and increased demand should increase economic output for both sides in the long run. However, both sides tend to agree that the issue we face is finding the “sweet spot” exporting a profitable product to the world while maintaining an affordable and stable price in the U.S.
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