The indefinite U.S. LNG export pause by the Biden administration continues to raise experts’ eyebrows and spark reactions domestically and internationally. This week, JP Morgan CEO Jamie Dimon called the move “enormously naïve,” while a House Energy and Commerce field committee hearing highlighted the ban’s ramifications on education and workforce development. JP Morgan CEO Jamie
Read More...The liquified natural gas (LNG) export permitting freeze was at the top of the news cycle again this week as S&P Global’s CERAWeek and Energy Week in Congress took place, with Energy Secretary Jennifer Granholm laying out a timeline for the pause. Kind of. At CERAWeek, Secretary Granholm said: “By the time we meet here
Read More...The Biden administration’s decision to pause new liquefied natural gas export permits was based off a study that was deliberately published prior to peer review, and is part of a broader effort to “get rid of fossil fuels as quickly as possible,” according to the author of the study. In the latest round of environmental
Read More...A key claim from environmental activists and supporters of the Biden administration’s export ban is that increased LNG exports drive up domestic prices. But data continuously shows this is demonstrably false: SHOT: CHASER: #TodayInEnergy – Henry Hub daily #naturalgas spot price fell to record lows in February https://t.co/ldjILFNpDu pic.twitter.com/VSjG2HBybd — EIA (@EIAgov) February 28, 2024
Read More...The Biden administration’s LNG permit freeze has sparked national and international debate over LNG export facilities and the LNG industry as a whole. President Biden’s election-year decision has been deemed purely political and detrimental to U.S. energy and economic security, garnering bipartisan, industry and even international opposition. EID has previously debunked the many myths surrounding
Read More...Billionaire “philanthropists” like the Rockefellers often claim to care about noble causes like the security of the United States’ European allies and reducing greenhouse gas emissions. But it turns out that a campaign targeting liquified natural gas (LNG) exports–which will cause harm to both of those causes–takes priority. A recent Wall Street Journal article details how the Rockefellers, Michael Bloomberg, and other
Read More...Only a month into 2024, all signs point to this year being particularly consequential for the future of U.S oil and natural gas. On one hand, the International Energy Agency’s latest industry report projected increased global natural gas demand in 2024. At the same time, President Biden’s decision to pause LNG exports approvals has created
Read More...President Biden’s LNG pause has amassed a range of negative reactions and concerns from across the political spectrum. In a House Subcommittee on Energy, Climate, and Grid Security hearing this week, members from both sides of the aisle agreed that Biden’s decision, directly and indirectly, affects the U.S. economy, energy security, global emissions reduction goals,
Read More...The Biden administration’s decision to halt new LNG exports is generating bipartisan pushback across the country, ranging from progressives like Pennsylvania Sen. John Fetterman to establishment figures like Delaware Sen. Chris Coons. That criticism of the administration’s decision has also been prominent in Colorado, the fourth largest oil and gas producing state where the industry
Read More...The Appalachian Basin produces more natural gas than most countries, with the region’s rich resources playing a major role in ensuring energy security, grid reliability and emission reductions. Therefore, it’s no surprise that leaders in the region from across the aisle have come out strongly against the Biden administration’s recent moratorium on LNG export approvals
Read More...U.S. LNG has been a hot button topic in recent weeks as the Biden administration announced it would be reassessing the Department of Energy’s LNG permit approval process last week, followed on Friday with an announcement that it is temporarily pausing pending decisions on LNG exports to non-FTA countries. While the administration is publicly describing
Read More...Amidst attacks on U.S. energy production and continued global instability, the U.S. oil and natural gas industry managed to not only meet but exceed expectations in 2023. The industry broke production records and supplied critical energy resources at home and abroad, all while reducing methane emissions. Oil and Gas Industry Continues to Innovate Amid Record
Read More...Liquefied natural gas (LNG) is the ultimate game changer for both energy security and emissions reductions worldwide. LNG has made its way into energy systems all over the globe, helping nations reduce their carbon footprint while also providing reliable supply in a flexible and speedy fashion. American natural gas production has been crucial to U.S.
Read More...Democratic lawmakers are citing a not yet peer-reviewed or published study from a biased researcher with a history of flawed work to justify their calls to stop permitting new LNG export facilities in the United States. The research from Cornell University Professor Bob Howarth claims that when considering the lifecycle emissions of LNG, natural gas
Read More...Today the International Energy Agency published its 2023 edition of the annual World Energy Outlook report which doubles down on its claim that global demand for coal, oil, and natural gas will all peak by 2030. However as Energy In Depth has written previously, “peak oil” forecasts make good headlines, but often these claims don’t
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