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The U.S. Has Officially Flipped the Energy Business

It wasn't supposed to happen until 2017, but the United States made history in November by exporting more natural gas than it imported.
November 16, 2016, 2pm PST | James Brasuell | @CasualBrasuell
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QiuJu Song

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.

Full Story:
Published on Wednesday, November 16, 2016 in Oil Price
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