Future generations will be incredulous that we ever debated the wisdom of increasing LNG exports. The result will be higher domestic prices as well a lot more drilling for natural gas -- primarily by fracking.
Due to its geographic proximity, Mozambique has a competitive advantage in supplying LNG to Asian countries vis-à-vis America and European countries. It comes as no surprise therefore that the U.S. government has started to monitor Mozambique more actively.
With easily apparent deep-seated roots dating back to the halcyon days of Big Tobacco, the DOE's NERA selection raises the question: Can one view the NERA/Obama DOE economic findings on LNG exports as anything but a deeply cynical PR ploy?