Rantburg

Today's Front Page   View All of Wed 05/28/2025 View Tue 05/27/2025 View Mon 05/26/2025 View Sun 05/25/2025 View Sat 05/24/2025 View Fri 05/23/2025 View Thu 05/22/2025
2024-12-26 Home Front: Politix
DOE natural gas analysis draws disbelief from Republicans, industry
[JustTheNews] House Energy and Commerce Committee Chair Cathy McMorris Rodgers, R-Wash., condemned the rushed Biden administration study as a "politically motivated" move meant to "hamstring" the energy goals of the incoming administration.

The future of U.S. liquified natural gas exports remains complicated as the incoming Trump administration will have to contend with a recent Department of Energy analysis now open for public comment.

The study offers a justification for the Biden administration’s indefinite pause on new LNG export sites back in January, claiming that increasing LNG exports would not only increase greenhouse gas and methane emissions but also inflict economic damage.

The results could hinder Trump’s plan to approve new LNG natural gas export terminals, part of his goal to reestablish American energy independence.

While the analysis admits that increasing LNG exports would generate revenue and create jobs across the natural gas supply chain, it simultaneously holds that the average American household would face 30% higher gas prices.

Without citing specific data, Secretary of Energy Jennifer Granholm said the projected price increase is due to "the increasing domestic price of the natural gas itself, increases in electricity prices (natural gas being a key input in many U.S. power markets), and the increased costs for consumers from the pass-through of higher costs to U.S. manufacturers."

The Texas Oil & Gas Association refutes this claim, citing federally-produced energy data. Other industry reports also refute Biden administration claims, The Center Square previously reported.

House Energy and Commerce Committee Chair Cathy McMorris Rodgers, R-Wash., condemned the rushed Biden administration study as a "politically motivated" move meant to "hamstring" the energy goals of the incoming administration.

"Let’s call this ’study’ what it is: A clear attempt to cement Joe The Big Guy Biden
...46th president of the U.S. This Is A Man That Does Not Seem Demented...
’s rush-to-green agenda," she said in a statement. "By trying to shut down American LNG, DOE is threatening hardworking Americans’ jobs and economic development, weakening the energy security of our allies, and strengthening our adversaries."

The partial LNG export ban garnered bipartisan opposition from politicians and states from the beginning, with Louisiana and Texas, two main exporters of LNG, suing the DOE in response.

Although a federal judge sided with the states and ruled that the ban was illegal, the DOE argued that, under the Natural Gas Act, it still needed to conduct a study on whether LNG exports are in the "public interest" before it decided whether to lift the ban.

Counting on an incoming trifecta and a fracking entrepreneur as the future leader of the DOE, Republicans have pledged to reverse the ban as soon as possible.

American Gas Association CEO Karen Harbert said the AGA will "rectify the glaring issues with this study" during the public comment period.

"The Biden Administration’s pause on American LNG exports was a mistake that resulted in uncertainty for the market, for investors, and for America’s allies around the world," Harbert added. "This report is a clear and inexplicable attempt to justify their grave policy error."

Related: ”Theoretically, Yes": Goldman Says US LNG Can Replace Russian LNG Imports To EU
Posted by Skidmark 2024-12-26 00:00|| || Front Page|| [11146 views ]  Top

#1 
Summary.

Trump: Make America Great Again

Biden Handlers: Screwing America Yet Again
Posted by NN2N1 2024-12-26 06:36||   2024-12-26 06:36|| Front Page Top

#2 Biden passes liquified natural gas
Posted by crazyhorse 2024-12-26 10:17||   2024-12-26 10:17|| Front Page Top

#3 This is a great opportunity for Trump. If we had a few more pipelines and a few more terminals the industry could probably produce at least 30% more natural gas than it does now.

and BTW, we are currently producing about 12% more natural gas than we were when Biden took office. Also the current price is about where it was when Biden took office, although there was a spike in the price in 2022.
Posted by Lord Garth 2024-12-26 18:31||   2024-12-26 18:31|| Front Page Top

16:13 Pancho Poodle8452
16:08 Beavis
16:08 Lord Garth
15:52 Lord Garth
15:28 trailing wife
15:26 Pancho Poodle8452
15:26 trailing wife
14:34 Frank G
14:28 Melancholic
14:27 NoMoreBS
14:14 swksvolFF
14:12 swksvolFF
13:54 mossomo
13:51 mossomo
13:50 NoMoreBS
13:50 Abu Uluque
13:44 Abu Uluque
13:41 NoMoreBS
13:39 Abu Uluque
13:36 mossomo
13:36 swksvolFF
13:32 mossomo
13:26 Frank G
13:12 Regular joe









Paypal:
Google
Search WWW Search rantburg.com