David Strom:
The Biden decision to cut off new LNG export facilities is a big win for Russia, which has already seen its exports recover after a significant dip due to Europe seeking other sources—particularly the United States. Biden helps Russia, harms Europe, and delivers a blow to American jobs—especially in Red states.
Oops. I am sure everybody involved is thrilled by Biden’s decision.
To put the icing on the cake, Russia is also a major coal exporter, and coal is an alternative to natural gas for electricity production. Germany is already firing up its coal plants—even tearing down a wind farm to open a coal mine. Biden’s decision will likely increase prices for natural gas outside the US.
Last I checked, coal emits far more CO2 than natural gas. Geez.
# posted by Ranger @ 8:04 PM
