Panamanians have approved widening the ol' Isthmus-ditch. Opening in 2014, and costing $5B (unless constructed by Bechtel, of course), the new canal should make a big change in trade flows.
The US - currently 68% of all cargo going to or from the United States passes through the Canal - will also "benefit enormously" from the enlargement, Quijano said, as it will free up congested US ports and railways.
He said that the canal's position on the main shipping route between the east coast of the US and rapidly growing Asian markets underpinned the decision to enlarge it. [More]
The big factor is the surge of exports from China to the US and even EU. Being able to move LNG will relieve some pressure on natural gas prices here in the US.
If we can get an LNG port built.
Of course, by then will we still be exporting grains?
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