Let’s not smother the shale-gas boom. It is the crown jewel of the disappointing economic recovery. Why tamper with success? Yet, there are those who argue that benefits of shale gas could be maximized if we restricted gas exports, mainly as liquefied natural gas (LNG). This would, it’s argued, keep prices low for U.S. consumers and manufacturers, contributing powerfully to the revival of American industry. Sounds convincing. It isn’t.
