There's an interesting conflict over whether increasing natural gas exports is a good idea. Producers and free trade supporters are in favor of it, and environmentalists oppose it. But some petrochemical companies that use natural gas are concerned that increased exports will increase the cost of natural gas, a cost that will impact their business.
The story refers to the Energy Information Administration (see Wikipedia also) as a source for current gas prices and forecasts for natural gas production based on how many additional terminals are authorized. Wikipedia describes is as a member of the Federal Statistical System of the United States the "decentralized network of federal agencies which produce data about the people, economy, and infrastructure of the United States."
Their specific task of the EIA is the responsibility for " collecting, analyzing, and disseminating energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment."
- Here's information about the rulemaking process in the DOE.
- And here's the decision by the DOE to authorize the Freeport Terminal. They concluded that arguments that the LNG permit did not violate the public interest.
The story mentions the Senate Committee which oversees the Energy Department and offers this:
Senate Energy and Natural Resources Committee Chairman Ron Wyden (D-Ore.) said that the Energy Department “will be making export decisions on a case-by-case basis” in a way that is “consistent with my belief that a measured approach on exports will provide the greatest advantage for the U.S economy.” Wyden said the department should “assess the market impacts of each export decision after it is announced, to ensure American consumers are not harmed by large-scale exports.”
“This decision is a victory for those who believe free trade is good for the American economy,” said the committee’s ranking Republican member, Sen. Lisa Murkowski (Alaska).
