Wednesday, December 14, 2016

CO2 emissions

This past summer the US began shipping liquefied natural gas (LNG) to Europe. Until recently the only LNG shipping point was in the Gulf but plans for more plants along the east coast are underway. This will not only be a new market for US products but will compete against Russia. In addition it will allow Europe to reduce CO2 emissions the way the US has done by replacing coal plants with natural gas. The new administration will likely speed up this process! Despite continued economic growth, emissions in the U.S. are on a steady decline thanks in large part to cheap natural gas. The next move is to ship to Asia and Africa, places that are big users of coal.

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