We’ve heard the protectionist rhetoric and we’ve even seen a glimpse of the corporate welfare already. This doesn’t seem like any way to run an economy.
But there are many reasons to believe that President-elect Trump can succeed in spite of all that. Or at least to believe that some things are already headed in the right direction for America.
Head over to the U.S. Energy Information Administration website, and you’ll find one small one. Before Trump’s first term is over, the U.S. will have at least doubled its capacity to sell natural gas to Mexico from current levels, and quadrupled it from 2012 levels.
Mexico currently imports more than 4 billion cubic feet of natural gas per day from the U.S. through pipelines, using about two-thirds of current capacity. They’d love to import a lot more from us, so that they can stop buying it at much higher prices in liquid form from other countries.
Currently, Mexico’s annual GDP is smaller than that of Texas. But as its industries grow and its pipeline network expands, Americans will be right there doing the work of supplying their energy, and getting paid for it.
