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Commodities Briefing - Categorized | Market Moves, Oil more

LNG exports first step to depoliticizing global oil market

Posted on 19 September 2013

US manufacturer’s sounded alarm bells last week with the approval of a fourth liquefied natural gas (LNG) export facility, this time on the East coast at Cove Point Maryland. At issue is whether LNG exports would “harm” the US economy by raising energy costs.
But opponents of US energy exports are missing the point: US exports of LNG, refined products, condensate (and some day even oil) strengthen the United States’ ability to promote open trade in energy and capital investment in oil and gas resources around the world and to depoliticize the market once and for all………………………………………..Full Article: Source


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