In response to an increased push to amplify the exportation of liquefied natural gas, or LNG, from the United States, Dow Chemical (NYSE:DOW) and a few other materials sector companies have created a lobbying group aimed at precluding this from taking place on a material scale. Since this group has been formed, ExxonMobil (NYSE:XOM), a clear proponent of LNG exportation, basically has said that the group's arguments hold very little water. With so much riding on the price of natural gas, it should come as no surprise that the largest energy company in the world is hopeful these export initiatives will roll out.
Further analysis is available from Motley Fool analyst Taylor Muckerman in the video below.
Joel South has no position in any stocks mentioned. Taylor Muckerman holds positions in Cheniere Energy. The Motley Fool recommends Nucor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.