China and India now make up 80 percent of projected energy demands through 2020. Liquefied natural gas (LNG) will be expected to supply a good deal of that energy, much of which will come from the United States. India alone has 260 million people without electricity. It is also expected to surpass China in population over the next five years.
Dr. Ken Morgan of the Texas Christian University Energy Institute shared and discussed this information with Jacki Daily in the studio for "The Jacki Daily Show." Both are appointees of the Interstate Oil and Gas Compact Commission, or IOGCC, in which 30 states meet and advocate for their individual resources.
The U.S. energy companies might enter into contracts lasting as long as 20 years to provide India with LNG. They might also be able to supplement energy deals China had to make with Russia, which has a stranglehold on the world's largest LNG reserves. Overall, America has the opportunity to provide energy to two billion more people in India and China.
Dr. Morgan also hopes the U.S. can help Japan after the earthquake disaster at their Fukushima nuclear plant. They are trying to rebuild, but he felt LNG would be a safer energy solution for the fault-line and volcano-ridden island nation.
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