Out With the Old and In With the New: Modernizing Liquefied Natural Gas Regulations
I. Introduction Testifying before the House Committee on Energy and Commerce in 2003, then Federal Reserve Chairman Alan Greenspan cautioned, “Today’s tight natural gas markets have been a long time in coming, and futures prices suggest that we are not apt to return to earlier periods of relative abundance and low prices anytime soon.”[2] By 2008, U.S. natural gas prices soared to a record high of $10.79 Mcf.[3] Entrepreneurs turned to Liquefied Natural Gas (“LNG”) imports to satisfy demand. During this period, the Federal Energy Continue reading →