The United States sold more liquefied natural gas on the global market than any other country in 2023, surpassing yet another milestone in the nation’s transformation into a fossil fuel superpower.for production last year. By December, wells across the lower 48 states were generating nearly 106 billion cubic feet of gas per day.
In Asia, Japan and South Korea remained the largest buyers of U.S. LNG, but China and India increased imports compared to the previous year. The Philippines and Vietnam Combined with cheap loans from Wall Street, the fracking revolution unleashed an oil- and gas-drilling boom so big, U.S. politicians are still struggling to find the right ways to talk about it. Republicans accused Democrats of squelching the American drilling industry with climate regulations, with GOP lawmakers blaming President Joe Biden’s pursuit of more zero-carbon energy for any spike in fuel prices.
Would you join us to help keep our stories free for all? Your contribution of as little as $2 will go a long way.