Should U.S. Tap & Export More Oil & Natural Gas?
More people are calling for the U.S. to pump out more oil and natural gas in order to put more Americans to work and diminish Russian President Vladimir Putin’s energy grip on European allies.
But environmentalists are urging President Barack Obama not to do that over fears of global warming.
The Energy Department has 25 pending requests for liquefied natural gas export terminals.
Forbes contributor Sabrina Schaeffer said energy is a powerful political tool.
Fox Business Network’s Elizabeth MacDonald said we could see a big shift in power if the export terminals are fast-tracked.
“When you drive down the cost of energy worldwide, you get rid of these dictators like Putin, you have Arab Springs breaking out […] whoever controls energy controls power of a government,” she said.
Watch the full “Forbes on Fox” discussion above.