Seeking Alpha: China Vs. U.S.: Who Is Leading The Natural Gas Transportation Race?

Will China lead the U.S. in the adoption of natural gas transportation? Before I answer this question, let's take a look at some background information.

The United States' #1 economic advantage against all other countries on Earth is its abundant natural gas reserves combined with it's 1 million-plus mile natural gas pipeline distribution system. No other country has the combination of high natural gas production, low natural gas prices, and the ability to economically deliver natural gas to every major metropolitan city as well as to tens of millions of homes and businesses. It is an advantage the country cannot afford to squander.

Meantime, the biggest economic problem facing the U.S. is its reliance on foreign oil. September foreign oil imports totaled 314,000,000 barrels (57% of all oil consumption) at a cost of $35.4 billion. Annually, that is over $400 billion a year being sent out of the country for oil. Foreign oil is by far and away the major component of the U.S. trade deficit. Clearly this is an economically unsustainable addiction. MORE