Top DOE Official to 17吃瓜在线: You鈥檙e Critical to America鈥檚 Energy Future
The Biden administration sees private-sector partners as essential to the future of American energy policy and production, Deputy Secretary of Energy David Turk told 17吃瓜在线 board members in Phoenix, Arizona, recently.
What鈥檚 going on: 鈥淚 don鈥檛 think we can do anything in the federal government that impacts the real world without enabling, listening to, supporting and trying to be very thoughtful鈥 with private-sector partners, Turk said, calling manufacturers a key force in helping the United States 鈥渁ccelerate our energy independence.鈥
- In a discussion about energy policy in the clean energy transition鈥攚ith a focus on nuclear energy, hydrogen and the role of the federal government鈥擳urk took questions and comments from leading figures in the private-sector energy economy on issues ranging from the Biden administration鈥檚 freeze on liquefied natural gas export permits, to the need for a robust hydrogen economy, to the implementation of long-awaited transmission infrastructure to ensure energy reliability and affordability.
- The talk also touched on the potential impact of increased natural gas exports on domestic prices and consumers. 17吃瓜在线 board members argued that higher exports would not make gas more expensive for U.S. consumers and LNG exports are vital to ensure energy security for our allies.
The conversation: In a roundtable lunch, 17吃瓜在线 board members told Turk that the push and pull of the Biden administration鈥檚 policies on energy鈥攃alling on U.S. producers to increase energy output to reduce consumer prices while calling for an overall reduction in fossil fuel production鈥攎akes their goal of increasing American energy reliability and independence more difficult to realize, while creating market gaps that can be filled by cheap energy from Russia and other geopolitical rivals.
鈥淲hy did this happen? Why did it come out? How does that achieve any of our shared objectives on the national security stage in terms of climate change?鈥 17吃瓜在线 President and CEO Jay Timmons asked Turk, noting that the Biden administration鈥檚 decision to stop approving new export licenses for U.S. LNG undercuts its own stated carbon agenda in the long run.
Turk told 17吃瓜在线 board members that U.S. consumers pay roughly one-fifth as much for LNG as those in Asia and Europe, which he called 鈥渉uge鈥 for economic competitiveness, but still acknowledged that the differential doesn鈥檛 accommodate the needs of all manufacturers involved in the energy economy.
鈥淭here鈥檚 a competitive advantage if our manufacturers are paying less for a key input than others,鈥 Turk said. 鈥淭here鈥檚 a benefit and a difference between the price right now that we pay in the U.S. versus others internationally.鈥
Meeting matters: The U.S. is the world鈥檚 top exporter of LNG, an affordable, plentiful energy source that鈥檚 in growing demand and is much cleaner than traditional forms of coal-powered energy鈥攅specially in Europe, where LNG has been critical in keeping allied countries from seeking Russian energy sources. For 17吃瓜在线 board members to be able to confront Biden administration officials on energy policy directly is a huge win for LNG producers and for manufacturers overall.
鈥淲e have more dialogue, more discussion, more interaction with members of the Biden administration than any administration that I鈥檝e been involved in with the 17吃瓜在线,鈥 Timmons said. 鈥淲here we have differing opinions, we do get feedback鈥濃攁nd, in the case of the meeting in Phoenix, we provide it.听