America's foolhardy ban on natural gas exports

Reuters

Natural gas flares are seen at an oil pump site outside of Williston, North Dakota March 11, 2013.

Article Highlights

  • As more natural gas is produced, corporations that use it want to keep it in the US

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  • Natural gas exports can be not only good for the economy, but for security as well

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  • US bans on natural gas exports benefit corporations at the expense of people

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One of the many blessings Mother Nature has provided us with is the banana. Bananas can be consumed as a final product – raw, fried, boiled, etc. They can also be used as intermediate inputs for banana bread, or, as in Thomas Pynchon's "Gravity's Rainbow," for Banana Breakfasts that even some who are allergic or outright hostile to bananas can appreciate.

What else? Ah yes, we can sell bananas to other people, and use the proceeds to acquire different delicious fruits or even goods and services from entirely different product categories. So many competing ends, so few bananas to allocate to them ... how do we decide what to do with them?

This full article is available at U.S. News and World Report. The full text will be posted to AEI.org on Thursday, May 16, 2013.

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About the Author

 

Stan
Veuger

  • Stan Veuger is a resident scholar at AEI.  His academic research focuses on political economy, and has been published in The Quarterly Journal of Economics. He writes frequently for popular audiences on a variety of topics, including health and tax policy. He is a regular contributor to The Hill, The National Interest, U.S. News & World Report, and AEIdeas, AEI’s policy blog. Before joining AEI, Dr. Veuger was a teaching fellow at Harvard University and Universitat Pompeu Fabra. He is a board member of the Netherland-American Foundation in Washington and at The Bulwark, a quarterly public policy journal, and was a National Review Institute Washington Fellow. He is a graduate of Utrecht University and Erasmus University Rotterdam, and holds an M.Sc. in Economics from Universitat Pompeu Fabra, as well as A.M. and Ph.D. degrees, also in Economics, from Harvard University. His academic research website can be found here.


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