Myth: Exporting natural gas will cause increases in domestic energy prices and negatively impact American jobs.
Fact: Abundant natural gas supplies and unprecedented advances in technology have provided a historic opportunity for the U.S. to achieve energy independence while keeping domestic energy prices low. In fact, independent studies confirm that LNG exports will have a negligible impact on domestic prices, and will benefit the U.S. economy and consumers.
Myth: LNG exports will have a disruptive impact on domestic natural gas markets.
Fact: Expanding markets for U.S. natural gas will boost production capacity, providing certainty for the natural gas industry’s investment cycle and, as a result, will stabilize natural gas markets.
Myth: LNG exports would have no benefits for everyday Americans.
Fact: A U.S. Department of Energy study recently concluded that expanded LNG export markets would generate up to $47 billion in net benefits to the U.S. economy. Additionally, a recent IHS Global Insight study estimated that increased development of natural gas could generate more than 2.4 million jobs by 2035. LNG exports would incentivize new infrastructure investments worth billions of dollars in American communities. LNG exports will also support increased investments by the natural gas industry, providing more jobs, taxes and revenue for roads and schools in U.S. states that produce natural gas.
Myth: New markets for LNG exports would have no impact on international trade relations.
Fact: Expanding markets for U.S. natural gas would significantly reduce the U.S. trade deficit. Moreover, after decades of energy dependence on nations such as Russia, America’s allies can leverage U.S. natural gas and reduce their dependence on countries frequently at odds with America. Expanding markets for U.S. natural gas is consistent with U.S. trade and national security policy because if LNG exports are not allowed, our allies will continue to rely on regimes hostile to U.S. interests for their energy needs. Restricting these markets would stifle American production and innovation, and handicap our industry and allies in global markets.