Shepstone Management Company, Inc.
American LNG from gas drawn from beneath rural America and chilled in urban America while creating jobs on both ends will now also protect Poland’s freedom.
Back in September, 2014, I did an interview with Dr. Margo Thorning, senior vice president and chief economist with the American Council for Capital Formation and director of research for its public policy think tank, the ACCF Center for Policy Research. It was all about what LNG would do for us as Americans. I closed the article with this:
My interview with Thorning reinforced just how important natural gas and exports are to maintaining our ability as a nation to compete in a world economy. We cannot grow jobs and wealth without manufacturing and the ability to capitalize on our natural resources. The shale revolution has given us a gigantic step up and LNG exports offer an opportunity to take the next step and lock in US competitive advantages for decades to come. Moreover, the importance of these exports to reinforcing our relationship with European nations, who have the choice of working with us or with Russia, is also critical to our national security and the freedom of countries neighboring that marauding bear.
Two and one-half years later the prescience of Thorning’s observations on the future role of American LNG is stunning. LNG exports have begun and are already growing rapidly. They are creating both rural and urban economic opportunity here and, now, they may well help release Poland from the claws of the Russian bear.