New cartel seeks natural gas advantage

If you think we are dependent on foreign energy today, just wait. A new natural gas cartel is on the rise that could make our current energy prices appear downright reasonable and OPEC’s 1970s oil embargo seem like the good old days.

The U.S. House of Representatives recently voted to approve a national energy plan aimed at lowering energy prices for consumers, spurring job creation and promoting greater energy efficiency and conservation.

While the energy bill includes a number of provisions aimed at reducing our oil dependence, the same bill would empower an entirely new energy cartel in the form of natural gas producers such as Algeria, Iran, Libya, the United Arab Emirates, Venezuela, Brunei and Indonesia