Remember that Biden LNG export pause?
Yet another example of how the Biden admin was completely controlled by climate moron activists. House Speaker Mike Johnson recently revealed that in a conversation with Biden, Joe admitted that he didn't even know that exports were paused. Joe simply abdicated his presidency due to his congnitive deficiencies.
This follows the recent relevations of the outright theft of taxpayer dollars under the guise of the 'Inflation Reduction Act', which should have been called the 'Climate Moron Graft Act'. Billions to pop-up non-profits, formed only to steal our dollars and accomplish exactly nothing except reward climate moron supporters.
Climate morons are a threat to the climate and our wallets.
The Biden LNG ‘Pause’ Deception
Now we learn that the Granholm DOE buried a study that it didn’t want Americans to read.
By
The Editorial Board
The Energy Department on Wednesday approved the Venture Global CP2 liquefied natural gas export project that became a cri de coeur for climate activists. Good call. Meantime, we are learning more about how the Biden team deceived Americans about its 2024 LNG export “pause.”
President Biden, prodded by climate adviser John Podesta, announced a supposedly temporary suspension of LNG project approvals in January of the election year. The stated purpose was so Energy could do a study to determine if increased exports are in the “public interest.” It turns out that DOE career staff had already completed such a study by autumn 2023.
A draft of that study, which was shared with us, shows that increased U.S. LNG exports would have negligible effects on domestic prices while modestly reducing global greenhouse gas emissions. The latter is largely because U.S. LNG exports would displace coal in power production and gas exports from other countries such as Russia.
“The majority of the additional U.S. natural gas substitutes for other global sources of natural gas,” the study notes. “Global and U.S. GHG emissions do not change appreciably” across various scenarios that DOE staff modeled.
The study projected that, even assuming countries meet their net-zero pledges, global natural gas consumption would grow through 2050. This is notable because the climate lobby claims building more LNG projects would result in “stranded assets” as countries wean themselves off fossil fuels.
The climate lobby also says more LNG exports will increase U.S. energy costs. But the study forecast that wholesale gas prices in the U.S. would rise less than in the “study DOE commissioned on the economic impacts from U.S. LNG exports in 2018.” Residential gas prices would increase by a mere 4% by 2050.
DOE staff and lawyers rigorously reviewed the models and findings because these conclusions “are going to receive a lot of scrutiny” and we “need to be able to explain why the model shows reduced emissions,” as one commented in the study’s margins. Another recommended “full tabulated results in an Excel workbook be made available to provide transparency to the public.”
That isn’t what the Biden crowd wanted to hear. They shelved the staff study and imposed their “pause” to motivate progressives during last year’s election. In December, Biden Energy Secretary Jennifer Granholm released a different study, which purported to show that “unfettered” LNG exports would increase global emissions and domestic gas prices.
Had Kamala Harris won, Democrats would undoubtedly have used the new study to justify a permanent export ban and we would never have found out about the other study. The LNG two-step is another notable example of how the Biden Democrats tried to deceive Americans. And they wonder why the party’s approval rating is at a record low?
Link: LNG
Replies to: Remember that Biden LNG export pause?
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With Fracking showing signs of Peaking, it's not that easy to predict the cost impact on U.S.
consumers...an important fact that the WSJ Editorial Board does not include in its article. Another factor that should be included is new DOE Sec'y, Christopher Wright's personal history as CEO of Liberty Energy, the country's second largest Fracking company...has anyone ever heard the term "Conflict of Interest"? Oh, and one more thing, Mr. Wright is a vocal opponent of Climate Change...not sure why he can't connect the dots when even Exxon acknowledges that reality.
But there's a parallel side to Sec'y Wright, that is intriguing to me...and that is, his presence on the Board of 'Oklo, Inc'...a Santa Clara, CA company focused on developing a Next Generation Nuclear Power Plant design...titled "Aurora". It is not only a modern Fast Reactor design, but includes development of "High Assay, Low Enrichment Uranium" (HALEU) facilities...along with Recycling of Nuclear 'Waste' through the use of 'Pyroprocessing', which not only greatly extends our reserves of Uranium, but also dramatically reduces the radiation toxicity time frame of waste products from thousands of years to a few hundred (very manageable)...ALL very positive things IMO...
So there are Good and Not So Good sides to our DOE Energy Management Strategy.
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Link: https://shalemag.com/us-shale-gas-production/
When it comes to Natural Gas, you can't leave out Global Politics...to wit...'Deals' for
Ukraine's Minerals, of which NG is one of them...and likely very much in the frontal lobes of Vladimir Putin and other World Leaders.
As noted in the attached Wiki Summary of Fracking around the world...Ukraine is reputed to have the third largest reserves of NG in Europe...
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Ukraine
Ukraine has a long history of hydraulic fracturing, since it has been used there since the 1950s.[88] There has also been a strong recent interest of the hydraulic fracturing industry in Ukraine.[89] According to the U.S. Energy Information Administration, Ukraine has third-largest shale gas reserves in Europe at 128 trillion cubic feet.[90] Since 2011, approximately 22 domestic and foreign-owned companies have been engaged in hydraulic fracturing in Ukraine.[citation needed]
But this growing industry presence is hampered by major obstacles. At least two companies have backed out of a deal to extract shale gas in Eastern Ukraine due to the threat of military action in that area.[91] There are also other challenges to hydraulic fracturing in Ukraine, such as a lack of a proper regulatory framework for its development, opposition of major EU partners to hydraulic fracturing which may seek to influence Ukraine (France for example has an outright ban).
Constitutionally, Ukraine's natural resources belong to the people, with government acting as a trustee. Under Ukraine's constitution, a private investor would need to execute a production-sharing agreement, but would not be entitled to 100% of its production as it has to be shared with the state. The level of potential public opposition to hydraulic fracturing also creates uncertainty. Ukraine's shale gas reserves are deeper than those in the United States, and thus production is bound to be more expensive, which may make it cost-prohibitive, depending on the prevailing market prices for gas. Ukraine continues to vigorously pursue reforms designed to achieve energy independence, which portends well for hydraulic fracturing as a helpful option in that regard.[89]
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Small wonder that Vlad launched a "Special Military Operation" against Ukraine...he knows what's there in Ukrainian soil...and it has nothing to do with Nazis....JUST SAY'N...
Link: https://en.wikipedia.org/wiki/Fracking_by_country
im trying to forget that name, he was a. nightmare
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He is George Washington compared to Mango Man.
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If you think I’ll take Mike Johnson’s word on shit like this, I have a bridge to sell you.
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Um...
If Biden knew that he paused the LNG exports, that makes the story even worse, as it had exactly zero benefits beyond a blatant 'payoff' to climate morons - to the climate, to jobs, to costs, to geopolitics.
Whether Johnson's recollection 'on shit like this' is accurate is immaterial.
edit: typo
Don't forget that Europe is STILL sending more money to Russia for energy than they LEND to Ukraine.
Why ship US LNG to Europe and starve Russia of much needed funds? But, muh climate, dude!
Dastardly autopen strikes again.
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