This sort of push by the President to endorse local industry should play into our hands once we get our "meaningful production".
From today's Sydney Morning Herald:
Natural gas prices climb March 31, 2011 - 7:24AM
.AAP
A summary of trading in key commodities markets overseas overnight:
ENERGY
Natural gas prices climbed on Wednesday as President Barack Obama said he wanted the US to use more of it instead of foreign oil. Colder weather also pushed up prices, as forecasters predicted a cold snap for much of the US in coming weeks.
Natural gas for May delivery rose eight cents to $4.339 per 1000 cubic feet in afternoon trading on the New York Mercantile Exchange.
Natural gas prices rose as Obama announced that he wants to cut the country's oil imports by a third by 2025. The president touted a series of initiatives, emphasising that the US could rely more on its own natural gas and biofuels to power vehicles and produce electricity.
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