Edward Conard

Top Ten New York Times Bestselling Author

  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “…serious thinking for serious thinkers. …a thought-provoking blueprint for growing middle- and working-class incomes.” - Mitt Romney, former Governor of Massachusetts
  • “Unintended Consequences should be read by anyone who takes for granted the superiority of progressive taxation and has not thought carefully about the trade-offs involved.” - The New Republic
  • “Unintended Consequences offers deep and well-argued analyses on almost every issue.” - The New York Times
  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
  • “…a fresh argument for the productive value of inequality.” - David Autor, Professor of Economics, Massachusetts Institute of Technology
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
Upside of Inequality Oxford Unintended Consequences

AI Summary. The US went from an irrelevant supplier of liquefied natural gas to the world's largest in about seven years, and BloombergNEF estimates its export capacity will expand 60%, with nearly 1 in 3 tankers of the fuel originating in the US by the end of the decade.

Kevin Crowley and Ruth Liao Bloomberg
Date Posted:

Bloomberg estimates that US LNG production capacity will grow 60% over the next two years, and forecasts that by 2030, ~ 1/3 of global exports will be American.

How did the US become the world's largest LNG exporter?

Core argument: BloombergNEF estimates US LNG production capacity will expand 60% during the first half of Donald Trump's second presidency, after the US went from an irrelevant LNG supplier to the world's largest in about seven years.

The US, which in the span of about seven years transformed itself from an irrelevant supplier of LNG into the world’s largest, is set to expand its production capacity by 60% in the first half of Donald Trump’s second presidency, according to an estimate from BloombergNEF. By the end of the decade, almost 1 in every 3 tankers carrying the super chilled fuel will originate in the US, giving Trump his best chance to attain the energy dominance his campaign promised. US natural gas prices have averaged $3.55 per million British thermal units over the past five years, about 70% lower than the European average, providing the economy with a major competitive advantage and helping to underpin both Biden and Trump’s policies to bring US manufacturing back from overseas

Takeaways by Macro Roundup® AI

  1. BloombergNEF estimates US LNG production capacity will expand 60% during the first half of Donald Trump's second presidency, after the US went from an irrelevant LNG supplier to the world's largest in about seven years.
  2. By the end of the decade, almost 1 in every 3 tankers carrying liquefied natural gas will originate in the US, giving Trump his best chance to attain the energy dominance promised in his campaign.
  3. US natural gas prices averaged $3.55 per million British thermal units over the past five years, about 70% below the European average, a competitive advantage that helps underpin Biden and Trump policies to bring manufacturing back from overseas.

Related Articles:

  • Heliocentrism — An energy use must be electrified before green grid electricity can decarbonize it, and while US grid decarbonization continues at a steady pace, the electricity share of final US energy consumption has grown little. Transmission line growth runs well below Department of Energy targets for 2030 and 2035, and transformer delivery times have stretched from 4–6 weeks to 2–3 years.
  • Electricity 2025 — US electricity demand is projected to grow about 2% annually over 2025-2027, an upward revision from an earlier 1% forecast. A study commissioned by the US Department of Energy found data centre electricity use rose from about 60 TWh in 2014 to 176 TWh in 2023, and could reach 325-580 TWh by 2028.
  • Europe Grapples With Energy Crisis, Three Years After Ukraine Invasion — High European natural gas prices have contributed to inflation and prompted factory closures and relocations, with chemical giant BASF closing some production in Germany while making its largest-ever foreign investment in China, where energy costs up to two-thirds less, and fertilizer maker Yara halting ammonia output in Belgium.
Showing 48 database articles primarily about Energy