02/ 23 Closing Prices / revised 02/23/2024 21:59  GMT 02/22   OPEC Basket  82.90 + 0.91  | 02/23    Mexico Basket (MME)   $72. 22 -2.05 | 01/13    Venezuela Basket (Merey)  $66.50  +1.30   | 02/23     NYMEX WTI Texas Intermediate April  CLJ24   $76.49 -2.12 | 02/23    ICE Brent April BRNJ24     $81.62 -2.05 | 02/23     NYMEX Gasoline March  RBH24   $2.28  -2.5% |  02/23    NYMEX  Heating Oil March  HOH24   $2.69   -2.3%   | 02/23    Natural Gas March NGH24    $1.60  -7.5% | 02/23    Active U.S. Rig Count (Oil & Gas)    626   +5  | 02/23    USD/MXN Mexican Peso  17.1166  (data live  | 02/23     EUR/USD    1.0821  (data live)  | 02/23    US/Bs. (Bolivar)   $36.06980000  ( data BCV)  

Biden’s LNG ‘Pause’ Will Hurt the Environment – Chris Barnard/WSJ

A Chinese LNG-powered ship. Photo: Cfoto/Zuma Press
When the U.S. exports liquefied natural gas, it’s better for America’s allies and the climate. A Chinese LNG-powered ship. (Cfoto/Zuma)

By Chris Barnard

The White House announced Friday that it ordered a “temporary pause” in permitting new liquefied natural gas export terminals. The move came after climate activists criticized President Biden for his decision to approve the Willow oil-drilling project in Alaska. The president likely thinks he’s throwing a bone to a key part of his base in a crucial election year. But Mr. Biden’s misguided attempt to assuage climate extremists won’t help tackle climate change. It could make carbon emissions worse.

The environmental risks of the Biden permitting pause are tightly tied to its geopolitical ones, which could be disastrous themselves. If America exports less LNG, our adversaries will fill the supply gap. China is rapidly permitting new coal-fired power plants—the country’s coal-power capacity has more than doubled in the past few years—while monopolizing supply chains for critical minerals and renewable energy. Meantime, Russia still exercises energy dominance over Europe in the wake of its 2022 invasion of Ukraine.

The more our allies rely on Beijing and Moscow to keep the lights on, the greater sway these bad actors will have over those allies’ policymaking. Iran also gains geopolitical power from a U.S. permitting pause, as energy insecurity fuels instability and conflict in the Middle East.

Along with the real geopolitical risk, these energy exports from totalitarian countries also carry a much larger carbon footprint. The U.S. produces natural gas more safely and cleanly than almost any other country. The LNG that America exports to Europe is significantly cleaner than the natural gas that Russia exports. China also produces dirtier energy, with more than 300 new coal plants in the permitting pipeline.

If Mr. Biden were serious about reducing carbon emissions, he’d double down on American LNG. Since 2005, the U.S. has cut more carbon-dioxide emissions than the next eight countries combined, in part because of its gradual transition from coal to natural gas as an energy source. Exporting cleaner American energy to countries that still rely heavily on coal is one of the most important tools the U.S. has to reduce global emissions.

Natural gas isn’t a perfect energy solution: Using and exporting LNG is associated with methane emissions, a challenge that policymakers must address. But until a perfect fix arrives, it’s a critical tool to achieving a cleaner tomorrow. Most Americans recognize that a mix of energy sources, both renewables and fossil fuels, will be needed for the foreseeable future. An all-of-the-above strategy is the only path to ensure both energy security and economic growth.

Instead of acknowledging this, the Biden administration has sent mixed signals on American energy—on the one hand shutting down the Keystone XL pipeline, on the other approving the Willow project. Now, with a pause on permitting LNG export projects, the administration is risking American energy security and potentially contributing to higher global emissions.

More U.S. natural gas is better—for America and the planet. It’s not anticlimate to champion a pro-American energy agenda, and it’s not anti-American to champion pro-climate measures. The Biden administration must recognize this and dismiss the idea of halting permits on new LNG export terminals.

_________________________________________

Chris Barnard is president of the American Conservation Coalition, the largest conservative environmental organization in the U.S. with 40,000+ members. EnergiesNet.com does not necessarily share these views.

Editor’s Note: This article was originally published by The Wall Street Journal (WSJ), on January 26, 2024. All comments posted and published on EnergiesNet or Petroleumworld, do not reflect either for or against the opinion expressed in the comment as an endorsement of EnergiesNet or Petroleumworld.

Original article

Use Notice: This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of issues of environmental and humanitarian significance. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml.

EnergiesNet.com 01 29 2024

Share this news

Support EnergiesNet.com

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas, Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2021, EnergiesNet.com™  / Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the material.

 
 
Scroll to Top