December 28, 2012

Natural Gas's Winston Churchill Moment

C. Boyden Gray, Washington Times


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Thanks to America’s vast, unexpected new natural-gas supplies, the nation faces a once-in-a-lifetime choice. Not since 1911, when Winston Churchill, then Britain’s first lord of the Admiralty, decided to convert the Royal Navy from coal to oil power has a nation seen such an opportunity to choose a new “master resource” (as the economist Julian Simon put it), and in so doing chart a new economic and strategic course.

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TAGGED: Gas Exports, EIA, Department Of Energy, LNG, British Fleet, Coal, Winston Churchill, Natural Gas, Julian Simon

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