What Happened to LNG?
According to this article in the WSJ, Alan Greenspan appeared before Congress in 2003 to testify that the U.S. needed to become a major importer of LNG to address recent price spikes in the natural gas market. He - and others sharing this view - could not have been more wrong. While the list of proposed LNG facilities grew to over 50, today only six have been built, and most of those are idle, indicative of more-than-sufficient natural gas supplies.
[Very interesting article. Subscription required.]
