Old-fashioned “liberals” hit the new-fangled green-driven Left.
Charles Ebinger, directorn of the Brookings Institution’s Energy Security Initiaive writes,
On December 4, Congressman Edward Markey of Massachusetts wrote a letter to Energy Secretary Steven Chu questioning the wisdom of exporting large quantities of U.S. natural gas. His concerns were wide-ranging and included the potential price impacts of exports and the residual impact of higher gas prices on electricity generation and manufacturing, the potential for more volatile natural gas prices, and the environmental impact of raising the cost of gas, which he characterized as a “bridge” fuel from coal to renewable energy.
The reality is far more complex. The Energy Security Initiative at Brookings this week released an interim report examining the feasibility of large-scale U.S. natural gas exports. The report shows that there are a range of factors – political, economic, and technical – that will have an impact on the feasibility of natural gas exports. Being an interim report, it has not yet come to any conclusions on the merits of natural gas exports. But that is precisely the point: the issue is too nuanced for a brief analysis. The impacts of exports on domestic gas prices, industry and manufacturing, and gas-price volatility outlined by Congressman Markey and others require more examination…