The Energy Policy Forum has an analysis of the recently released Global Insight report from IHS. According to the report, natural gas will bring us jobs and tax revenues and a 10% reduction in electricity costs and even more disposable household income. But, it all hinges on natural gas prices remaining low.
What happens if natural gas prices don’t remain low? What might make natural gas prices go up?
HINT: Three words
- First word starts with L
- Second word starts with N
- Third word starts with G
Since we already know there is a mad dash to obtain LNG export permits and that permits have already been granted and it’s a given that export would drive up prices, you should probably click over to the Energy Policy Forum and read about the “inflationary pressures which will rocket through the U.S. economy as a consequence of higher natural gas prices.”