“Republican senators should pay particular attention to the risk of a coming electricity and energy price shock.
Today, natural gas provides about a third of America’s primary energy, and it is the country’s No. 1 source of electricity generation.
But the country’s gas supply is about to come under more pressure. From 2024 to 2028, 10 new liquified natural gas terminals are expected to open across North America, which would roughly double the United States’ export capacity of the fuel. This would, in turn, increase demand for domestic natural gas supplies.
It’s possible that energy companies would respond to this higher demand by drilling for more gas. But if natural gas supply doesn’t rise as fast as demand, then U.S. natural gas prices will rise to something closer to their global average.
Natural gas is three to five times more expensive in Europe than in the United States, so there’s a real chance that American consumers will get soaked.
A monster price shock could also hurt American manufacturers and hold back the artificial intelligence industry.” [1]
1. Save Us, Senators, From a Very Expensive Mistake: Guest Essay. Robinson, Meyer. New York Times (Online) New York Times Company. Jun 2, 2025.
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