With Our Abundance of Natural Gas, Let's Export
With the EIA announcement that domestic natural gas reached a new record high, it was timely that Reps. Bill Johnson (R-Marietta) and Tim Ryan (D-Youngstown) sent a bipartisan letter today, cosigned by 21 Members of Congress, to the Secretary of Energy, Steven Chu, calling for policies that would allow U.S. companies to export natural gas and capture a greater share of the global market for natural gas.
Rep. Johnson said, “Right now, Eastern Ohio is seeing the benefits of natural gas development in the Marcellus and Utica shale plays. But it’s time to realize the full potential of this abundant natural resource, and one way to do that is to start exporting it onto the global marketplace. In fact, according to the U.S. International Trade Association, America could see tens of thousands of new jobs created by allowing this abundant natural resource to be exported. Eastern Ohio has the supply, the technological know-how, and a workforce that’s ready to make this happen."
Johnson added, “Allowing American workers to increase our share of the global market for natural gas is an important part of a true ‘all of the above’ approach to energy development that will make America more energy independent, lower the price of energy, and create much-needed jobs. With unemployment above 8% for the past 40 months, it’s important to develop these abundant natural resources to once again bring exceptionalism back to America.”
Rep. Ryan said, “Natural gas has become a key element in the economic turnaround in my district and throughout Ohio, Pennsylvania and West Virginia. We need to support the businesses that are creating quality jobs by allowing them to compete in the global market, and I hope that Secretary Chu will speed up the approval process in a responsible way to permit producers of LNG to export their products to consumers around the world."