America’s Energy Advantage issued the following statement in response to The Department of Energy’s conditional approval of the FLEX II LNG Export Application.
Statement of Jennifer Diggins , Chair America’s Energy Advantage:
“The benefits of America’s newfound natural gas abundance to our economy – robust job creation, manufacturing investment, affordable consumer prices and lower utility bills – are in the public interest of all Americans, and the export volume of this valuable national resource should be considered in this light. The Department of Energy continues to rely on obsolete data and ill-defined standards to justify continued LNG exports. Unchecked LNG exports will threaten America’s manufacturing renaissance, double or even triple prices for consumers, and negatively impact investment and job creation.
“Why is the Department of Energy moving so quickly to give away America’s natural gas to our global competitors when there are so many Americans still looking for good work here at home? Why is the Department of Energy giving away this strategic commodity to countries that refuse to open their markets to other American made goods and services? We should not reward protectionist behavior.
“Foreign and domestic companies are investing in new U.S. manufacturing because of America’s energy advantage. With sound LNG policy, we import jobs. We renew our call for a full DOE review of the cumulative market impacts of its decisions to date before any additional approvals are granted.”
Respected independent energy market analysts predict natural gas demand to dramatically exceed DOE projections :
[mappress]
Source: America’s Energy Advantage, November 20, 2013