Darius Dixon (Politico) writes: Federal policy has “artificially affected supply and demand” of liquefied natural gas, Energy secretary-designee Rick Perry said today, endorsing LNG exports.
Maine Sen. Angus King aired concerns at Perry’s confirmation hearing that if the Energy Department approved too many LNG export applications, it would harm Americans economically by increasing domestic natural gas prices.
“What I will commit to is finding ways to make sure that we don’t artificially affect supply and demand,” Perry said. “What I will suggest to you is that there are decisions that have been made in Washington, D.C., that have artificially affected supply and demand, and it’s been on the supply side.”
But, he added, “If we produce it in America, it makes abundant good sense to me for us to sell it to the world.”