re: US oil production has increased 300,000 barrels per day in Nov alone

quote:

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there’s a glut of gas on the international market

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That's what I'm hearing, too, that overseas inventories are stocked with storage basically at full capacity. A really cold winter could help that situation, though.

The other problem facing LNG exports to Europe is, the U.S. can build all the export facilities it wants, but there have to be facilities that can import that LNG, and those facilities are still probably years away in a lot of places over there.

Talking with representatives of some Central European countries, they want to bring in American LNG, but they don't have the infrastructure to get it there right now. Plus, with Germany trying the green energy route, that part of Europe is going to have to watch that fiasco play out before the EU changes course and starts promoting the import of LNG.

Overall, I think there's a bit of a lull coming in the LNG market for the next couple of years, but over the next decade, it will rebound and become more attractive as LNG remains safe, abundant, clean, and more transferable around the world.