I thank the gentleman for holding this Special Order and for recognizing South Carolina's role in helping the Republic of Texas. You heard the words from the gentleman from Ohio about the economic impact on his State, and on America, with America's energy independence and the renaissance that we are experiencing. In a tax reform committee hearing today, Chairman Walden talked about the economic benefits of tax reform on the energy sector, but also on America. We are blessed in this country with natural resources. We have an abundance of natural gas. What does an abundance of natural gas mean? That means that, last year, for the first time since 1957, we are an exporter of natural gas. Now what does that mean not only for American producers that are providing the natural gas and the LNG terminals that are being built along the coastal regions in Houston and Louisiana--and, hopefully, one day in South Carolina, we will have an LNG terminal to help us play a part in that--but what does that mean for our allies and friends around the world? Well, just think about it. Mexico is a huge importer of U.S. LNG. Not only are they importing natural gas through a pipeline from the plays down in Eagle Ford and Barnett in Texas, but they are also importing LNG. We all know the situation in Venezuela. Venezuela is imploding. So many countries in South America, Latin America, are relying on Venezuelan energy. The Caribbean nations are relying on Venezuelan energy.…
On the recordJune 20, 2018
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