AUSTIN — Today, in a partisan move aimed at shoring up President Joe Biden’s support from climate activists, the Biden administration announced a halt to the permitting of Liquefied Natural Gas (LNG) export terminals. Mark P. Mills, Distinguished Senior Fellow for energy policy with the Texas Public Policy Foundation, released the following statement on the Biden administration’s temporary ban:
“This is overtly, politically opportunistic and sets a dangerous precedent with a long tail,” said Mills. “First, it’s a blow to our allies in Europe. American natural gas was a key to replacing Russian natural gas. An export ban, even if temporary, shows Europe that America is not a serious or reliable partner. More fundamentally, the Department of Energy shouldn’t even have the authority to issue such capricious edicts. American farmers don’t need permission to export wheat. In fact, our government helps farmers export. This action has even broader implications. Private investors in all large infrastructure projects will be worried, even in currently favored industries like semiconductors, that they could end up on the wrong side of political favoritism. Do we want to become increasingly a Chinese-like permission-based economy?”
ENB PUB Note: The Biden administration is intently ruining the United States. This is just another
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor. He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino.
Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.
A Venezuelan judge has convicted six former Citgo executives of corruption, a move widely seen as a political challenge by President Nicolas Maduro to the incoming US administration of president-elect Joe Biden. Biden inherits the […]
OPEC+’s surprise move to cut 1 million barrels a day of oil production is poised to raise US fuel prices just as President Joe Biden is expected to launch his re-election campaign. He has a limited range […]
Oil prices have fallen by more than 20% since March. Gasoline prices, however, have not reflected the drop. The ongoing pain at the pump will likely continue. Recession fears took hold of oil markets this […]
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
