OGJ: Senators to Obama: Exercise restraint on LNG exports
A bipartisan group of 22 US senators, led by Energy and Natural Resources Committee member Debbie Stabenow (D-Mich.) and Foreign Relations Committee member Edward J. Markey (D-Mass.), urged US President Barack Obama to consider possible impacts on American manufacturing and families that rely on natural gas for heat when looking to approve new LNG export facilities.
“This winter, many parts of the country faced tight supplies of propane and natural gas, and families were left to face high energy bills,” they said in a May 8 letter to the president. “[It] served as a reminder that high gas prices can hurt family budgets and be a drag on our economy.”
Longer term, the US has benefited from increased gas supplies and lower prices since 2008, the letter said. “Thanks in part to lower gas prices, America’s manufacturing sector has created more than 600,000 jobs since 2010,” it said, continuing, “The Boston Consulting Group concluded that affordable gas prices could lead to 5 million more manufacturing jobs by the end of the decade.”
http://www.ogj.com/articles/2014/05/senators-to-obama-exercise-restraint-on-lng-exports.html?cmpid=EnlDailyMay132014