Around the world, countries pay two to five times more for natural gas than we do in the U.S., and they are clamoring for the U.S. to export it. It would be a win-win situation: U.S. producers would get higher prices than they would domestically, then they could turn around and use that money to drill for more natural gas and oil, boosting the U.S. economy.
Data in dollars per MMBtu. Source: FERC, Waterborne Energy
On Monday, Indian Ambassador to the U.S. Nirupama Rao wrote an op-ed in The Wall Street Journal making the case for the U.S. to export natural gas.
In the video below, Motley Fool contributor Dan Dzombak explains his reasoning on how exporting natural gas would be a boon to the U.S.
