Quite right ant, but I thought that went without saying. That is why USA is now starting to catch up the rest of the world with LNG exports and will likely become the largest LNG exporter for a while. As oil prices go up there will be a domestic glut of gas in the USA keeping HH prices competitively low on a global basis. Their very efficient, widespread, competitive and highly integrated gas transmission infrastructure will make them very competitive exporters. A great place to build LNG export processing plants, which MB cottoned on to some years ago.
A lot of day traders, short folk, short-term speculators and nervous nellies don't seem to have a grasp of these pretty basic fundamentals - but the long termers do.
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Quite right ant, but I thought that went without saying. That is...
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