U.S. Senator Ron Wyden of Oregon has become the public face of protectionist policies on exports of liquidified natural gas in recent months, according to a recent Bloomberg report. After delaying for more than a decade, the U.S. Energy Department decided last month that it would be a net economic benefit to allowing companies to export liquidified natural gas to other countries.
The decision led to a storm of controversy, since exports would presumably raise domestic prices, assuming supply remained the same. Higher energy prices could not only hurt American households, but also manufacturing companies that use natural gas as an energy source. As a result, Mr. Wyden has called on the Obama administration to limit exports.