Chamber Again Presses LNG Exports, Says WTO Frowns on Export Restraints
The potential for liquified natural gas exports is a historic opportunity to develop more American energy swiftly and responsibly, said U.S. Chamber of Commerce President Thomas Donahue, continuing the Chamber's campaign in support of the exports. He said LNG exports would reduce the U.S. trade deficit and contribute to jobs growth, improved national security and more revenue for the government.
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Donahue cited a NERA Economic Consulting study that said expanding LNG exports leads to much greater economic expansion than limiting LNG exports. (See ITT's Online Archives 12120610).
Chamber Executive Vice President-Government Affairs Bruce Josten also pointed out that the U.S. is part of the World Trade Organization, which he said "prohibits restrictions of exporting raw materials. We can't go around the world lecturing and encouraging other countries to open up their markets and then turn around and close ours on raw material that we have boatloads of." John Murphy, the Chamber's vice president-international affairs said: "Both history and trade law take a dim view of export restraints."