U.S. liquefied natural gas (LNG) exports will occur in a global setting, so it is an international trade issue. Thus, to separate truth from fiction, one must apply the appropriate analytical framework grounded in international trade. Specifically, domestic market interactions with the market abroad will determine export volumes and therefore U.S. domestic price impacts.
Kenneth B. Medlock III, James A. Baker, III, and Susan G. Baker Fellow in Energy and Resource Economics
Aug. 12, 2012, midnight