But experts and officials admit that importing LNG still amounts to finding napkins to stabilize a wobbly table. Japan’s LNG generators depend entirely on imported gas, and Tokyo estimates significant amounts of those imports can be seriously hindered at problematic bottlenecks (approximately 34 per cent of its current LNG imports travel through the Strait of Malacca between Indonesia and Malaysia, while 30 per cent originates from the Middle East). And other North American sources will likely be much more stable, it remains a source over which Tokyo would have little direct control, and thus remains susceptible to international market forces..

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One minute, he argues that America can drill its way to lower gasoline prices. The next minute, he talks up the stimulative effects of experimental energy technologies. If algae based fuels can replace imported oil, Obama said Friday, means greater energy security.

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