After Ending The Ban On Crude Exports, United States Is Now A Net Exporter Of Natural Gas
Last week The Wall Street Journal heralded the news that the United States officially has become a net exporter of natural gas, sending 7.4 billion cubic feet a day of gas out of the country in November. Gas exports have risen 50 percent in the last six years.
The Journal noted, “The milestone comes less than a year after restrictions on most crude oil exports were lifted, allowing tankers of crude to be freely shipped overseas for the first time nearly half a century …” The Metals Service Center Institute (MSCI) supported efforts in Congress to end that ban. Congress voted to lift the probation last December. As MSCI’s partners at the U.S. Chamber of Commerce pointed out in an article on their website this week, the last time the United States was a net exporter of gas was 60 years ago, when Elvis Presley had a hit with “Heartbreak Hotel.”
Because increased energy production creates thousands of well-paying jobs in other sectors, including the metals industry, and improves the overall health of the economy, MSCI will continue to support policies that will allow the United States to increase production and export of natural gas. Check out MSCI’s advocacy agenda to learn more.
MSCI also recommends that its members check out the Energy Equipment and Infrastructure Alliance’s website to learn how the nation’s natural gas boom creates jobs in the manufacturing and industrial metals sectors. MSCI is a member of the EEIA, which represents the entire shale energy supply chain, or more than one million workers, employed in more than 120,000 companies in 60 industries, that annually contribute more than $170 billion to the U.S. economy.