The United States of America is by far the number one producer of natural gas in the world. In 2020 its production was almost 50% higher than the one of Russia. Texas, Pennsylvania, Oklahoma, Louisiana and Ohio are the largest producers.

In spite of this, in the winter of 2018, natural gas had to be imported from Russia in order to satisfy the demands of the Northeastern states due to colder than average temperatures.

The reason for this is that project involving the construction of pipelines, including one from Pennsylvania to the Northeast were cancelled. The cancellation was due to the pressure from environmentalist groups which are against the use of fossil fuels.

In my opinion, although the development of sources of energy not reliant on fossil fuels such as solar or wind is very important, we still are going to rely on fossil fuels for many years. The construction of pipelines from energy producing states to energy needing states would help us alleviate the need from importing natural gas from other countries.

This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.