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.
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.
Dan Dzombak can be found on Twitter @DanDzombak or on his Facebook page, DanDzombak. He owns shares of Chesapeake Energy. The Motley Fool has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. 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.