Global demand for liquefied natural gas is growing rapidly, and the U.S. has it. But what's causing angst in the industry are regulators: Can our government agencies license exports fast enough for U.S. producers to get in on that rising LNG market before before foreign competitors eat their lunch?
Right now, with the spread of fracking technology, America is in the midst of a natural gas boom that is keeping prices for the fuel low. But according to a key strategist at Chevron, the era of an abundance of cheap natural gas in the U.S. will be short-lived.
Unlike last year, which for much of the nation featured "the winter that didn't come," this year is expected to bring only slightly warmer-than-usual temperatures and a record high for home heating oil prices. And that's bad news for one region of the country in particular.