The US is the world’s largest exporter of LNG. And efforts are apace to further increase that export capacity. As the US exports LNG at an increasing rate, this implies good news and bad news. The good news is that gas producers and owners of gas liquefaction facilities will likely enjoy higher profitability in the years ahead. The bad news is that US residential and industrial consumers will be paying those higher prices for gas while also experiencing increased price volatility. Why? Because where or how commodity prices are set makes a…