Washington Update From the US Oil and Gas Association
Six More Weeks of Bad Policy Ahead...
February 4, 2024
Why Biden halting new LNG export terminals? Here’s why…
Joe Biden's approval ratings are terrible and he is running behind Trump in many polls (though not all polls). He thinks that by appeasing far left TikTok Climate activists and halting new natural gas export terminals he can motivate the base voters particularly the 18-25 crowd.
It might motivate his core voters, but there are obvious substantial downsides for the rest of America and the world. First, the economic downsides. As the Obama administration wrote in 2012 when they were considering opening up LNG exports, that “the U.S. was projected to gain net economic benefits from allowing LNG exports.” And that was the Obama administration which was as anti-fossil fuel as the Biden administration.
Keep reading with a 7-day free trial
Subscribe to Energy Transition Absurdities to keep reading this post and get 7 days of free access to the full post archives.