Near-term fuel shortages from the Russian war in Ukraine has not only forced prices up,...
A flare burns at Venture Global LNG in Cameron, La., on Friday, April 21, 2022. The new facility, which exports liquefied natural gas, is one of several like it along the Gulf Coast — and there are proposals for several more in Louisiana and Texas.
“Costs are rising for all of those industries that use gas, and it's contributing to inflation,” said Jim Krane, energy fellow at Rice University’s Baker Institute. “It's making it more expensive to heat and cool our homes, and dry our clothes, or take a shower and everything else.” But, you may ask, isn’t the world moving away from fossil fuels and toward renewable sources of energy, which advocates say will eventually lower consumer costs?
Instead, companies are racing to build or expand LNG processing and export terminals, primarily along the Gulf Coast.
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