It was a "classic" publicity event-long on vision, but short on substance. There he was, the Secretary of the Department of Energy (DOE), Spencer Abraham, standing toe-to-toe with each of the...
says. And, now that El Paso has exited the LNG business, this approach to building and operating LNG terminals might go untested for some time, EIA says.
Given that prices for gas are high and that the hydrogen economy or even a transatlantic pipeline technology never before seen is long off, LNG terminals will have to be built and financing will have to made available. Otherwise, the only answer to high gas prices will be that of Energy Secretary Spencer Abraham: conservation.
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