Political Quotes

On the recordJune 24, 2014
For those who want to export natural gas, this bill really isn't necessary because the Department of Energy is approving enough export of natural gas that will allow us, in a few years, to be the largest exporter of LNG in the world. So DOE is acting. For those of you who are concerned about global freedom, well, when we get all the facilities going to be able to export the natural gas and once we get all of the approvals to export natural gas, the countries who are going to receive this natural gas are most likely going to be China, Japan, and India, because that is where they are paying higher prices for natural gas. It is going to be more profitable to ship the LNG there. I don't fault the companies for doing that. They are in business to make money. It is going to provide more money to ship the natural gas there. Well, what about Ukraine? What about the countries that are under threat from Russia? Angela Merkel, the head of Germany, may not realize it, but natural gas is not going to be there for quite a long time. It is going to take years. Therefore, if you think domestic prosperity is hinging on the ability to export natural gas, we don't need this bill.…
Said by
Henry Waxman
Democratic · California

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