Thursday, March 28, 2024

Isn't it wonderful how Pres. Gropey can screw us

and our allies, and help Russia, at the same time?
The administration’s second line of defense for the “pause” is examining whether U.S. LNG exports are impacting domestic prices. The data demonstrates that exports are not impacting domestic prices. The price of natural gas in the U.S. is nearly at an all-time low, currently under $2/MMBtu. The reason? LNG exports are spurring upstream production and creating jobs along the way. This is a good thing for our domestic prices and the economy. The biggest threat to domestic prices is the lack of pipeline infrastructure in the United States, a problem that the same people behind this bad LNG policy have caused.

Halting LNG permitting not only undermines the security of countries depending on these future shipments, but it also would likely send LNG prices soaring, leading to windfall profits for the Kremlin’s war chest. Such a move could force allies to revert to Russian gas or less eco-friendly energy sources like Chinese coal, adversely affecting global decarbonization efforts. Intensified pressure in the coal market could also significantly impact the prices of solar, wind, and batteries, as their supply chains heavily rely on it.


1 comment:

Anonymous said...

“adversely affecting global decarbonization efforts”
Like this matters to ANYONE!
As long as they get paid, that don’t care.