On the recordJuly 10, 2014
It is interesting. The Senator from South Dakota, the Senator from Arizona, and I were reviewing this article in today's Wall Street Journal, Thursday, July 10. The headline is ``In the Arctic, Shipping Route Is Set to Supply LNG to Asia,'' and there is a map of the globe. It says: Shipping companies in China and Japan said they would start a regular service to carry Siberian natural gas across the Arctic Ocean to East Asia, showing how Asian demand for the fuel is reshaping global shipping routes. So with the forces at play--Asia's demand for natural gas, Japan's move away from nuclear power, China's struggle with pollution--this is an opportunity for us to use a resource we have in the United States and export it in a very profitable way for our country, put people to work, increase tax revenues to the States, increase tax revenues to the Nation, and improve our balance of trade. The technology is now allowing us to do it, but the government is not. That is the biggest problem we have--a bureaucratic Federal Government that is not allowing what we have and what we have learned to use. The government is blocking it, and that is why we have come to the floor today to try to encourage additional exports to Europe and support the North Atlantic Energy Security Act.
