Today, the U.S. Department of Energy released the NERA Study assessing the macroeconomic impacts of LNG exports on the U.S. economy. The report finds that under all scenarios studied, the United States is projected to gain net economic benefits from allowing LNG exports, with an increase in net economic benefits as the level of LNG exports increased. The report also finds that "the benefits that come from export expansion more than outweigh the losses from reduced capital and wage income to U.S. consumers, and hence LNG exports have net economic benefits in spite of higher domestic natural gas prices."
But how about this kicker:
“American consumers and manufacturers will be the losers, as exporting natural gas will increase domestic prices by up to 30 percent, and reduce domestic investment and wages by $45 billion per year by 2030,” he said. “If exports are approved, the winners are mainly those in the natural gas business and those holding their stock. This report confirms that if natural gas exports move forward on a large scale there will be a massive wealth transfer from working Americans to oil and gas companies.”
"a massive wealth transfer from working Americans to oil and gas companies" Some pretty good ammunition for the opponents in that statement.
I don't belive that in the least exporting Nat Gas will make any american wors off than they are now. The report says Nat Gas will go up 1% a small price to pay when you look at all of the added jobs it will create. Plus cleaner burning fuel. It will give the younger generation a reason to go into the trade schools for appreticships in Tool and Die, CNC machining. Exporting will creat good paying jobs as Nat Gas has already. Tool makers are at $80,000.00 per year. Not the Wallmart pay the goverment is so proud of.
So why does this stock seem to be going down more than up? It just makes sense to buy more! I must be too optimistic about exporting and energy independence. Even our own government would rather support imported students, oil and products made overseas. We need to keep the money inside the USA so all Americans can live well.