A visit from Jean-Claude Juncker, the President of the European Commission, to Washington last week resulted in an agreement between two of the biggest economic blocs in the world, which is a rare thing these days. It also marks a success for President Donald Trump, who famously claimed that “trade wars are good and easy to win” . The EU and the U.S. struck a preliminary deal on trade, which has the potential to prevent a major economic conflict between the allies and strengthen the transatlantic pact. Under the deal, Juncker declared that the EU will buy more products from the U.S., highlighting U.S. LNG as one key product in the agreement. A quick look at the economics of the global gas market, however, raises some serious questions about the viability of this agreement. Although the Juncker and Trump meeting represented a cooling of tensions between the transatlantic partners, […]