• United States
    Fourth of July Trivia Quiz
    Tomorrow is the Fourth of July—TWE’s favorite holiday. To mark the occasion, here is the annual TWE Fourth of July trivia quiz. There are thirteen questions in honor of the thirteen colonies that thr…
  • United States
    Turbulent U.S. Independence Day, Dramatic Arctic Heatwave, and More
    Podcast
    Americans celebrate Independence Day amid a worrisome surge in COVID-19 cases across the country, a dramatic heatwave continues in the Arctic, and Hong Kong reacts to China’s sweeping national security legislation.
  • United States
    U.S. Natural Gas: Once Full of Promise, Now in Retreat
    Mirroring events that rocked the international oil industry earlier this year — catalyzed by the fallout from the COVID-19 pandemic — a now sluggish global economy is hitting the liquefied natural gas (LNG) industry. Like oil before it, prices of spot LNG around the world are collapsing, storage is rising, and LNG exporters are responding to mounting challenges. The situation spells bad news for the nascent U.S. LNG export business and the geopolitical benefits it bestowed on the United States. Dominant natural gas exporters Qatar and Russia are responding to the current LNG supply glut by accelerating their own mega-projects to lock in market share for the next ten years and beyond. Their moves could set back the U.S. LNG export industry for years to come, depending on the state of global economic growth in the coming years. Already, forty U.S. LNG cargoes have been cancelled for August pushing the total cargo cancellations for this summer over one hundred, bringing total U.S. LNG exports to half of capacity. Goldman Sachs estimates that 4 billion cubic feet per day (Bcf/d) of U.S. gas exports will be cancelled this summer. 

Experts in this Region

Paul J. Angelo
Paul Joseph Angelo

Fellow for Latin America Studies

Shannon K. O'Neil
Shannon K. O'Neil

Vice President, Deputy Director of Studies, and Nelson and David Rockefeller Senior Fellow for Latin America Studies