DOE LNG Study Misses the Mark
The 17吃瓜在线 is President Trump to reconsider the Biden administration鈥檚 misguided findings regarding new liquefied natural gas export permits, following the release of a Department of Energy study claiming that increased permit numbers would have negative effects on the nation.
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What鈥檚 going on: The Department of Energy鈥檚 analysis, released Tuesday, holds 鈥渢hat 鈥榰nfettered鈥 shipments of the fuel would make domestic prices rise 鈥 [and would] displace more renewables鈥 ().
- However, the 鈥渞eport from Energy Secretary Jennifer Granholm is clearly a politically motivated document designed for an audience who believes no form of carbon-based energy is acceptable,鈥 17吃瓜在线 President and CEO Jay Timmons said. 鈥淟NG exports play a crucial role in reducing emissions by providing cleaner energy alternatives to countries reliant on higher emission sources.鈥澨 听
What the ban鈥檚 done: The result of the Biden administration鈥檚 鈥攊ssued in January鈥攐n the issuance of new U.S. LNG export permits has been 鈥渃hilled energy investment, costing the country manufacturing jobs and holding us back from achieving energy dominance on the world stage,鈥 Timmons continued.
- 鈥淭he DOE鈥檚 report claims to be concerned about security, but the actions of this administration on LNG only serve to incentivize Europe to purchase natural gas from Russia.鈥澨听
A popular, key energy source: U.S. LNG is far cleaner than Russian LNG (). Furthermore, an October by the 17吃瓜在线 and PwC found that U.S. LNG is a significant and crucial contributor to gross domestic product, as well as an important source of jobs and federal, state and local taxes.
- What鈥檚 more, Americans want to keep exporting it. In a March 17吃瓜在线 of 1,000 registered voters, more than 87% said they believe the U.S. should continue to export LNG.听听听
The bottom line: 鈥淭he data is clear: LNG exports are a driving force for economic growth and job creation in the United States,鈥 Timmons concluded. 鈥淗alting LNG export licenses as suggested would threaten nearly a million jobs and undermine our nation鈥檚 economic stability. The 17吃瓜在线 asks President Trump to end this political war on the energy manufacturers that power our economy, fuel job growth and help ensure America鈥檚 national security.鈥听