(HT Don Boudreaux)
Yep, we send dollars to the Chinese for steel, etc., and they send them back to us for natural gas, etc..
U.S. natural gas exporters predict new boom, thanks to surge in demand from China
- U.S. gas exporters see another potential boom due to demand from China and Asia.
- They predict the natural gas boom will be sooner than expected.
- The U.S. is expected to export 3.6 billion cubic feet of gas a day in 2018, and that should grow to 10 to 12 bcfs by the early 2020s...