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With Cheap Natural Gas, US Stands Apart From Other Countries

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By Steve Toon, Hart Energy
April 28, 2014

To hear him tell it, the chief economist for the International Energy Agency (IEA) believes the U.S. has a proverbial foot across the throats of our friends in Europe and Japan. Simply, the tremendous economic advantage gained by the U.S. from its vast resources of cheap natural gas could throw gas-supply-challenged industrialized countries—still trying to regain footing following the global financial crisis—into economic tailspins. And America should weigh carefully how it wields that advantage.

“While the shale gas revolution puts the United States at an economic advantage, it will have ...

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