U.s. Energy Boom May Signal A New Export Era - 874 Words

The article used was : U.S. energy boom may signal a new export era March 22, 2014|By Ralph Vartabedian http://articles.latimes.com/2014/mar/22/nation/la-na-energy-exports-20140323 The United States has proved based on previous statistics in the past that they are dependent on imports and exports to and from different counties. The US has always been dependent on getting gas and oil from other countries in the world however, construction started in Louisiana on an industrial facility that will be able to liquefy natural gas and enable the US to export it around the globe which would allow the U.S. to be a first time exporter of natural gas and oil. If we look back 5 or even 10 years ago the idea of the U.S. exporting oil and gas would be unimaginable and in some cases illegal because they U.S. was dealing with descending sale of domestically made supplies and at the same time were being very unknowingly generous to many foreign producers. The four main key concepts this article co vers is ; production cost, Unemployment, economic growth, and monopoly. Construction of this $12- billion project not only will benefit the U.S. economy’s growth in the future but will also enable many individuals who are currently unemployed to obtain jobs. This project has helped 3,000 individuals to get work. The U.S. has also predicted that they development and success of this facility will enable other gas plants to sprout up and start they production of liquid natural gas, this wouldShow MoreRelatedThe Iranian Game : Teherans Moves On The Global Oil Markets1603 Words   |  7 Pagespercent increase in the Iranian vehicle production in 2015. European and American players are exploring a re-entry in the Iranian market, should a permanent agreement on the nuclear programme be reached, BMI said. 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