In the world of oil and gas, America stands out as the top producer of natural gas liquids (or NGLs, not to be confused with liquefied natural gas, or LNG). Today, the U.S. is responsible for over 25% of world production and produces more than double what the second place competitor, Saudi Arabia, does. Not only does the U.S. have a firm position in this game, but it is also the fastest growing player. In 2012, the U.S. increased its capacity to process natural gas by 20%, and even bigger growth is expected in the upcoming years.
Obviously, the increase in natural gas production has a part in this big growth, but Fool.com contributor Tyler Crowe sees one part of the picture that should get praise: infrastructure. In this video, he and fellow Fool Aimee Duffy discuss why the U.S. has been so successful at growing NGL production and how much more work needs to be done to keep the good times rolling.
