LNG plants

The price of natural gas has declined by 70% since 2008 as supplies continue to increase going from 21 million million cubic feet in 2008 to 26 million million cubic feet in 2013. As the US supply of natural gas continues to increase the demand from overseas markets continues to rise. About 20 permits to liquefy natural gas and ship it overseas have been applied for but only one has been given the go ahead. Building these facilities will create new high paying jobs and will help to balance our imports. Natural gas will soon replace oil as the leading fossil fuel around the world and the United States is well situated to take advantage of this change assuming the government cooperates. It takes about 4 years to construct a plant and if we had begun when the gas boom started there would already be plants in operation.