Obama administration approves $10 billion natural gas export facility in Texas. Just a few years ago we were building import terminals. What a difference shale gas has made to the strength of the US economy.
Dow Chemical has been in opposition to exporting gas from the US because they say that this will drive up prices and make US industry less competitive. However they support this measure because it still calls for a case by case review of all new export facilities. Still, if Dow thinks that we should curtail US exports to keep prices down in the US, then they should not be allowed to export for the same reason. Right?
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