Rep. John Garamendi argues that Europe may look beyond Russia for natural gas . That , he says , creates an opening for increased exports of U.S. liquefied natural gas . The European Union is looking to diversify its energy sources and has been eyeing the United States as a potential market in recent years because it can export more than half of its oil and gas. The crisis in Crimea , though potentially destabilizing to the global economy , may present a silver lining to the U.S. economy : an opportunity to reinvigorate the American shipbuilding industry and Merchant Marine . But the U.S. shipbuilding industry has withered as Japan and South Korea have thrived .
Rep. John Garamendi argues that Europe may look beyond Russia for natural gas . That , he says , creates an opening for increased exports of U.S. liquefied natural gas . The European Union is looking to diversify its energy sources and has been eyeing the United States as a potential market in recent years because it can export more than half of its oil and gas. But the U.S. shipbuilding industry has withered as Japan and South Korea have thrived .