The Share and Stock Market is one of the most important ways for companies to raise their money through shares, and the objective of this blog is to provide you daily intraday news regarding stock market. You have arrived at the right place and you'll find a lot of information here on intraday news updates— basic concepts, strategies for buying and selling, time of entry and exit and a lot more.
HNI Commodity Pack,, After six decades, U.S. set to turn natgas exporter amid LNG boom
The last time the United States was a net exporter of natural gas was in 1957 when Dwight Eisenhower was president. That should change in 2018 when the country is expected to become the world's third-largest exporter of liquefied natural gas (LNG). By the end of next year, U.S. LNG export capacity in the lower 48 states will top 6 billion cubic feet per day (bad), or 8 percent of the country's domestic consumption, up from zero at the beginning of 2016.
Six bad of gas can fuel about 30 million U.S. homes, or almost every house in California, Texas, and Florida combined. That growth in U.S. LNG exports is set to transform world energy markets. Just a decade ago, before the shale revolution, the United States was expected to become a growing LNG importer, not an exporter, likely dependent on Russian, Middle East and North African gas, much as it has for decades depended on foreign crude.