The Hon. Frank McKenna spoke at the Woodrow Wilson Awards dinner held in Vancouver, BC on September 29, 2005.
A new poll on the XL Keystone Pipeline Project conducted by Public Policy Scholar Nik Nanos suggests that energy security trumps the concern about greenhouse gas emission among both Americans and Canadians.
On June 20 in Washington, D.C., the Canada-United States Regulatory Cooperation Council (RCC) held its second stakeholder event, the first having taken place in January 2012. The session was attended by over 250 Canadian and American stakeholders and government officials.
North America is enjoying a greater wealth of energy resources, with new technology making it easier to extract natural gas from dense shale rock formations. This increase in supply has caused gas prices to plummet in the United States to approximately $3 per thousand cubic feet, compared to $16 per thousand cubic feet in Asia. With Asia struggling to meet its growing energy demand, countries such as China, South Korea, and Japan are looking toward North America to help diversify their energy imports. Many in the United States and Canada are interested in fulfilling Asia’s need for gas in order to help diversify trade and boost the economy. Others fear that liquefied natural gas (LNG) exports will hurt North America’s energy security and that LNG exports may raise domestic gas prices. NBR recently spoke with James Slutz, President and Managing Director of Global Energy Strategies LLC, to better understand this debate and the implications for U.S. energy and foreign policy.