The U.S. Has Officially Flipped the Energy Business
Dave Forest reports that the "Shale Miracle" of 2010 has reached a milestone culmination: the United States is a new exporter of natural gas.
"Platts reported Monday that its proprietary data showed U.S. natgas exports exceeding imports in early November' " according to Forest. In pure volume, the country's balance is netting an outflow of 1 billion cubic feet of gas per day.
"That’s the first time ever that American producers have shipped out more gas than the country takes in," adds Forest for context. "And that historic event illustrates a number of critical changes happening right now in the U.S. energy scene."
The article includes more detail about the gas coming and going from the United States.