11. US Policies toward Liquefied Natural Gas and Oil Exports: An Update
- Author:
- Gary Clyde Hufbauer and Cathleen Cimino
- Publication Date:
- 07-2014
- Content Type:
- Policy Brief
- Institution:
- Peterson Institute for International Economics
- Abstract:
- Unconventional extraction methods, namely horizontal drilling and fracking, are transforming global energy production, consumption, and trade. Th e extraction of large amounts of oil and gas from shale formations has led to an unprecedented surge of domestic production in the United States. Th e US Department of Energy (DOE) is now processing more than 40 applications from domestic producers to export liquefi ed natural gas (LNG). While experts still disagree about the magnitude and duration of the energy boom, we are at the "dawn of a US oil and gas renaissance" (Houser and Mohan 2014).
- Topic:
- Economics, International Trade and Finance, and Monetary Policy
- Political Geography:
- United States and North America