Contrary to popular belief, most corporations do NOT like free markets. They would prefer a tightly regulated market or monopoly that looks after their interests at the expense of their suppliers or the public as a whole. Trade associations are frequently formed to look after the interests of incumbent players and limit competition. Recently, another such trade group was formed, America’s Energy Advantage (AEA). Their purpose is to block the export of natural gas to high demand markets outside the US in hopes that by artificially limiting the demand for domestically produced natural gas, they can keep their own prices lower.
I am asking the leaders of the AEA founding corporations to take a less self interested and short sighted approach to market manipulation and join principled leaders like, Southern Co. CEO, President and Chairman, Thomas Fanning, in supporting free markets for natural gas. It will bring jobs and money to our country, stabilize prices, and most importantly, stop industry capture of our regulatory regime for the sole benefit of stockholders of their corporations.
“[Fanning’s] company happens to be the third-largest natural gas consumer in the nation.
“We’ve got to make some historic decisions about exporting natural gas. Being parochial, you may be interested to know that I am in favor of exporting natural gas,” he told the audience at the U.S. Energy Information Administration’s 2013 Energy Conference. “If it helps the economy, then I’m for it.”
Fanning said striving for increased North American energy security will create a multiplier effect through the economy. And one way or another, Fanning sees natural gas prices rising. Other large natural gas consumers, led by Dow Chemical Co., have said the U.S. would be better off restricting exports and have formed the group America’s Energy Advantage to lobby for their interests.”