U.S. Gas May Answer EU Energy Concerns, But Should America Export?
The role of the energy industry in international conflict has been widespread, and Ukraine, Russia, and Europe are no exceptions. Now, U.S. energy policy may be tied in with the rest of the strings, with gas concerns in Europe rising as it joins others in isolating Russia after its annexation of Crimea. A solution being encouraged by some in Washington is for the U.S. to increase its gas exports, helping make up for the lack in Europe. “While our government does not dictate were that supply [of gas] will go, it does control how fast we will connect to the global market,” said David Goldwyn, a senior fellow at Brookings Institution, to the Senate Energy Committee, according to Reuters.
“Now is the time to send the signal to our global allies that U.S. natural gas will be an available and viable alternative to their energy needs,” said House Energy and Commerce Committee Chair Representative Fred Upton (R-MI), according to The Nation. The Senate and House Energy Committees will consider the proposal, but it’s seeing criticism as well from more cautious minds. Some argue that gas prices would increase for Americans as a result, creating huge costs in development, and wouldn’t have a long-term effects on European dependence on Russia. According to Salon though, six permits have been approved for energy companies to start exports to Europe in 2015 with 18 more under review.