With a second Trump term suddenly seeming far more likely in the wake of President Joe Biden’s shocking debate performance, the decision by a Louisiana federal judge Monday to place a hold on the Biden Energy Department’s bizarre “pause” on LNG permitting highlights a clear example of how energy policy would shift with a Trump win in November.
In rendering his decision, Federal District Judge James Cain, Jr. called the justifications offered by the Energy Secretary Jennifer Granholm and DOE staff for the pause "completely without reason or logic and is perhaps the epiphany of ideocracy.”
Oof. Of course, that’s pretty much what I wrote here about it back in February after the policy was put in place, though I did leave out the part about “ideocracy.”
Simply put, a second Trump presidency would put a quick end to interventionist efforts by the federal government to pick winners and losers in the energy space. Such ideocratic efforts that have throughout history most often created unintended consequences that do great damage to impacted industries and the overall economy.
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