Venture Global vs. Shell: How a Startup Won Big In LNG
The recent rulings in favor of Venture Global are a win for the entrepreneurial dive behind America’s energy dominance.
New York City isn’t usually where energy headlines are made. But earlier this month, Manhattan judge Joel Cohen did just that when he sided with upstart liquefied natural gas (LNG) producer Venture Global over Shell in a multimillion-dollar contract dispute that offers a revealing glimpse into the entrepreneurial forces driving American energy dominance.
Over the past two decades, American oil and gas companies have redrawn the world’s energy map. Today shale gas fracked in West Texas is piped to the Gulf Coast, liquefied and shipped to energy-hungry countries around the world. Since 2015, the U.S. has gone from LNG importer to the world’s top LNG exporter.
The surge in domestic oil and gas production has significantly enhanced America’s foreign policy leverage. While consumers are feeling the pain of the hike in gas prices since the start of the Iran war, the economic fallout would be much worse if the U.S. weren’t the world’s dominant energy producer.
Economic Dynamism
The Price of Stagnation: Britain’s Retreat from Dynamism
We face a basic issue: we do not let cities or communities grow or die.
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London and the Architecture of Creative Growth
Preserving London's creative dynamism will require humility from policymakers and a commitment to keeping the city liveable.
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Chicago’s “Disappearing Middle Class” Can Be Found in Its Proliferating Upper Middle-Class Neighborhoods
The middle class has not been hollowed out; rather, the overall decline stems from the net movement of families upward into the upper-middle class.
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Is Economics a Failure?
Rather than ending with “economics is broken,” Alexander Rosenberg’s deliberately provocative book 'Blunt Instrument' argues that “economics is useful for a different reason than economists often say.” That is a serious and worthwhile thesis.
Locke, Meet Claude
The concern is not regulation per se. It is a regulation that outruns its justification by arriving before the evidence, foreclosing the technology before its benefits are understood, and insulating the powerful from competition that would otherwise discipline them. That is the pattern worth resisting.
