Our federal government and politically blue coastal states foolishly impede the construction of natural gas export facilities. The anticipated growth in global natural gas power is tied to its value reducing air pollution rather than an anticipated cost parity with coal.Įven though American energy companies can produce natural gas more cost-effectively than other nations, the ability of American energy companies to export natural gas is currently limited. Globally, however, natural gas is not as abundant, nor are fracking technologies and production infrastructure on a par with those in the United States. Natural gas has gained cost parity with coal in the United States because of our abundant natural gas resources and technological advances related to fracking. In the United States, natural gas is cost-competitive with coal. Coal is more confined to electricity production, whereas natural gas is valuable in a wider range of energy uses. Also, although the Outlook for Energy projects coal will hold a narrow edge over natural gas in terms of electricity production, natural gas will surpass coal by 2040 in terms of all energy uses combined. The Outlook for Energy projects a 45 percent increase in global natural gas production and use by 2040. Natural gas is an on-demand energy source that substantially reduces air pollution relative to coal.
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