Couldn't agree more. McConnell's false statements about the LNG export pause hurting American consumers is just one more example showing how Republicans are puppets doing the bidding of fossil fuel companies.
Shortly after the Biden Administration announced the pause on reviewing new LNG terminals, the Washington Post ran a piece on a floating LNG terminal that BP is readying for operation off the coast of Senegal near its border with Mauritania. LNG projects are also coming on line soon in East Africa, off the coasts of Mozambique and Tanzania. I'd rather see these new market entrants have their turn to earn revenue from LNG royalties. https://www.washingtonpost.com/world/2024/01/31/senegal-natural-gas-climate-change/
"... the export of LNG (and other fossil fuels) creates higher domestic prices because it cuts the supply available for domestic uses. This effectively means that Americans pay the same high prices as Europe, instead of benefiting from the lower prices that should be a natural consequence of abundant domestic production."
^^^ This point should be amplified more broadly in the media. What makes it even more incoherent is that Americans subsidize this industry to the tune of $20 billion annually.
Couldn't agree more. McConnell's false statements about the LNG export pause hurting American consumers is just one more example showing how Republicans are puppets doing the bidding of fossil fuel companies.
Shortly after the Biden Administration announced the pause on reviewing new LNG terminals, the Washington Post ran a piece on a floating LNG terminal that BP is readying for operation off the coast of Senegal near its border with Mauritania. LNG projects are also coming on line soon in East Africa, off the coasts of Mozambique and Tanzania. I'd rather see these new market entrants have their turn to earn revenue from LNG royalties. https://www.washingtonpost.com/world/2024/01/31/senegal-natural-gas-climate-change/
"... the export of LNG (and other fossil fuels) creates higher domestic prices because it cuts the supply available for domestic uses. This effectively means that Americans pay the same high prices as Europe, instead of benefiting from the lower prices that should be a natural consequence of abundant domestic production."
^^^ This point should be amplified more broadly in the media. What makes it even more incoherent is that Americans subsidize this industry to the tune of $20 billion annually.