Natural Gas NOW
Childless European leaders more interested in legacy than children are creating the biggest opportunity ever for American LNG from Pennsylvania and Texas.
My friend Nick Grealy sent me a copy of an article he wrote last week about something he views as only slightly less than awful; the scheduled arrival in London of enough American LNG to serve the entire city for three months. He’s upset, of course, the UK hasn’t moved faster to develop its own shale resources and allow companies like his own London Local Energy to proceed with due haste. I couldn’t agree more in one sense. The UK should be developing its shale and faster, please.
Nick, makes his case, though, on the basis shipping LNG across the big pond wastes the CO2 advantage that could be obtained by simply using UK shale gas. While that is undeniably true to a point, I’m not convinced it’s that big a deal in the end. Moreover, I’d dearly like to see my Susquehanna County neighbors and other rural Pennsylvanians and Texans supplying some of that demand. I feel strongly both ways, in other words. I was, for this reason, wondering what to say until I read two posts at PowerLine (one of my favorite blogs) that put everything in perspective.