Natural gas exports could boost U.S. economy

There has been an ongoing debate about whether the United States should begin to export their natural gas to ease the debt. However, there are economists who believe this could be detrimental to the gas prices here in the US. Regardless, if the US were to start now and export the gas, the country could generate up to $47 billion by 2020. The one downside that is preventing the US from going ahead with this is that they are not exactly sure how plentiful the gas resources are here. If there does not end up being as much natural gas as expected, then this idea would seem less appealing to Eastern European countries, who have their own gas supplies.

 
 http://www.washingtonpost.com/blogs/wonk…

4 Comments »

  1. Brian D Said,

    December 7, 2012 @ 4:19 pm

    I think the government should try to import natural gas for at least a little bit, then an evaluation can be taken on the supply here in the US to determine whether we should keep trading or not. Though Americans will incur a higher energy bill, it would probably only be a few dollars- not enough to create complete unrest across the country. It’s worth a try, and if it means more government revenue, than the economy has a better chance of rebounding.

  2. Rach S Said,

    December 8, 2012 @ 10:11 pm

    I found this article interesting and different than the rest. I feel like we spend so much time talking about what should be imported, no one looks at when should be exported. I feel like we should attempt to export the natural gas from the US, especially if we are able to keep steady our current supply. Not only will this bring in at least some profit, as the article pointed out, the market for exporting natural gas has a chance to boom, creating jobs within our borders. It will also give an incentive for people to look for other energy sources, in order to export as much natural gas as possible.

  3. haggarte Said,

    December 9, 2012 @ 5:05 pm

    While this article makes some interesting points about why the potential export of natural gas could help boost the US economy, it fails to mention external costs we would be paying because of the use of natural gas. It seems that costs to help fix contaminated drinking water, methane leaks, and a potential shortages of water would be much larger than the economic benefits that would be gained from the exportation of natural gas. While and influx of cash into the US economy would definitely be nice, I do not think that this is the way to do it because there are too many costs that we would have to pay in other ways that could be caused from the production of natural gas.

  4. sydneydiamond Said,

    December 10, 2012 @ 3:35 am

    I think exporting natural gas could be a good idea in the short term. It could help boost the economy. By importing natural gas, we would be paying additional costs to compress the gas and get it into the country and then actually use it. On the other hand, by not importing or exporting additional amounts of natural gas, it gives people incentive to look for more options to harness energy sources.

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