Will the United States Regret This Decision?
The following video is part of our "Motley Fool Conversations" series, in which energy editor/analyst Joel South discusses topics across the investing world.
With natural gas prices at record lows and no significant increase in sight, a number of companies are petitioning the Department of Energy for rights to export LNG to foreign countries and fetch a substantially higher price. However, after approving a 6 Bbtu/day LNG export license to Cheniere Energy Partners, the DOE sharply changed course and will not decide on issuing any more permits until a number of studies are run. With so much supply and the potential for substantial profits, will this delay come back to hurt the United States? Conversely, will putting a lid on LNG exports benefit the current competitive landscape in the U.S.? Click on the video below to find out more.
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At the time this article was published Joel Southowns shares of ExxonMobil. The Motley Fool has no positions in the stocks mentioned above.Motley Fool newsletter services recommendDominion Resources. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.