Locator: 48699LNG.
A reminder: the AI story is an energy story.
Another aha: the renewable energy story is driven by ideology. We'll explore the implications of that in a separate blog.
So, two energy truisms:
- the AI story is an energy story;
- the renewable energy story is driven by ideology.
Time period: end of of 2024 through 2028 -- essentially three years.
North America looks to double LNG exports over the next three years -- most of it from the US:
Amount of exports from various export terminals:
Compare this chart with previous graphics.
It's easy to forget that not many years ago, the US was a net importer of natural gas. From the 1970s through the 1980s, the US began importing LNG in small quantities due to energy crises (plural) and limited domestic natural gas supply.
Then, in the 1990s, extending into the early 2000s, imports increased, especially as domestic natural gas declined and demand rose.
"Early 2000s": important dates:
- the Bakken revolution began in the year 2000 with economic development of the Bakken began in the year 2000;
- the Bakken revolution took a great leap forward in the year 2007 with the "discovery" Bakken well in the Parshall oil field by EOG.
- the Bakken entered its "stride" in 2010 to 2012, at the same time the Permian was beginning to be developed.
- at the same, natural gas fields were being developed in the Haynesville, (Permian), (Eagle Ford), the Utica, and the Marcellus.