The Center for LNG praised a bipartisan group of 16 House Members who called for an expedited review process for applications to export liquefied natural gas (LNG).
The legislators – all representing districts in the western region of the United States – sent the letter to Steven Chu, Secretary of the U.S. Department of Energy (DOE), where all LNG export applications must be reviewed.
Led by Reps. Cory Gardner (R-Colo.) and Jim Matheson (D-Utah), the lawmakers noted that “Creating more opportunities to sell natural gas into global markets and access overseas customers could help the goals of increasing natural gas use and smooth out historical boom-bust cycles. Realizing sustainable natural gas prices will continue to stimulate the resurgence of U.S. manufacturing, power generation, chemical and agriculture sectors, as well as continue to keep costs low to heat our homes and fuel our nation’s transportation needs.”
The Center for LNG, a trade group representing the LNG industry, agreed with the lawmakers.
“Restarting the permitting process for LNG facilities would give the United States a unique opportunity to generate more public revenues, increase investment in the U.S. economy, create new jobs, and reduce our trade deficit,” said Center for LNG president Bill Cooper. “Promoting exports is a longstanding policy in the United States, including the President’s National Export Initiative, which is designed to create jobs by doubling U.S. exports by 2015.”
Yesterday’s letter follows a similar effort from earlier this summer, when a bipartisan group of 44 House lawmakers from Texas and Louisiana also wrote to DOE to encourage an expedited review of LNG facilities, bringing the total number of House Members supporting expedited approval to 82.
“This is yet another indication that Americans are ready to get back to work. Approving LNG export facilities would be a significant source of new jobs and will help re-grow our struggling economy,” Cooper added.
Three Democrats and 13 Republicans representing the states of Arizona, California, Colorado, Kansas, Nebraska, Nevada, New Mexico, Utah, and Wyoming all signed the letter.
Posted by Doug Tjaden
In 2011, Utah was the first state in over 80 years to pass a law making gold and silver coin legal tender. Its passage sparked articles in the New York Times, The Los Angeles Times, The Washington Post and a host of major internet news sources. After decades of obscurity, Utah’s historic measure put sound money back on the map. Not satisfied to rest on their laurels, Utah passed a companion bill in the 2012 session, and it was signed by Governor Herbert.
The bill clarifies several tax measures and more importantly, expands the available specie to include gold and silver coin approved by the state.
Gold or silver coin or bullion, other than gold or silver coin that is issued by the United States, is considered to be specie legal tender and is legal tender in the state if:
(a) a court of competent jurisdiction issues a final, unappealable judgment or order determining that the state may recognize the gold or silver coin or bullion, other than gold or silver coin that is issued by the United States, as legal tender in the state; or
(b) congress enacts legislation that: (i) expressly provides that the gold or silver coin or bullion, other than gold or silver coin that is issued by the United States, is legal tender in the state; or (ii) expressly allows the state to recognize the gold or silver coin or bullion, other than gold or silver coin that is issued by the United States, as legal tender in the state.
By allowing additional specie to be used as legal tender, the Utah legislature has freed its citizens from potential supply constraints imposed by the use of only United States minted gold and silver coin. More importantly, the people of the state of Utah now define what specie is considered constitutional tender, further distancing themselves from potential control of their competing currency by Washington D.C.
Many who subscribe to Austrian economic theory applaud Utah’s leadership. They clearly see a sovereign debt crisis looming on the not-too-distant horizon and understand the importance of having in place a hard currency system to fall back on. Choice and competition in currency has never been more important in this nation. Well done Utah. Keep up the great work. The rest of the nation may soon thank you.
Doug Tjaden is in Strategic Business Development at SilverSaver.com by Mass Metal LLC. He is an avid proponent of helping states re-institute sound money through education and networking. Doug is also an author, pastor and father of five and is a speaker on economics, politics and religion. He is passionate about helping people understand history, and how it can help us identify trends in place which will soon affect our lives.
- Dr. Edwin Vieira, you should know better about what the U.S. Constitution says about legal tender (fauxcapitalist.com)
- The distinction between legal tender for payment of debts and payment for goods and services (fauxcapitalist.com)
- States To Use Gold and Silver as Legal Tender (activistpost.com)
- U.S. Mint to Produce Five-ounce Silver Bullion Coins (prweb.com)
- Sound Money Takes Hold in Utah, Missouri and South Carolina (wealthwire.com)
- House panel OKs gold, silver as legal tender – State & Regional – TheState.com (goldkingint.wordpress.com)
- Utah & South Carolina Legalizes Gold, Silver Coins As Currency (goldkingint.wordpress.com)
- Why is the cost of some silver more than others? (goldkingint.wordpress.com)
- South Carolina Approves Gold and Silver as Money (postamericana.wordpress.com)