From Amuse on X:
Imagine an America no longer shackled by runaway deficits or beholden to foreign energy markets. An America where the gas flowing from our shores not only fuels European freedom but also funds domestic prosperity. President-elect Trump has before him an unprecedented opportunity: to harness the untapped potential of America’s liquefied natural gas (LNG) industry and transform it into a $2 trillion engine of growth, balancing budgets and revitalizing our economy. This column explores why Trump must unleash LNG production and how it stands as a rebuke to the stifling policies of his predecessors, Barack Obama and Joe Biden.
The Obama administration’s approach to LNG was tepid at best and obstructionist at worst. Despite America’s burgeoning natural gas reserves, permits for LNG terminals were doled out like rationed bread. The first major LNG export terminal, Sabine Pass, didn’t get approval until 2011—years into Obama’s presidency. By 2016, only a handful of terminals had been approved, hampered by bureaucratic red tape and environmentalist opposition.
Enter “Sleepy Joe” Biden, whose administration took Obama’s sluggishness and ground it to a halt. In January 2024, Biden’s Department of Energy announced a moratorium on new LNG export approvals to non-free trade agreement (non-FTA) countries, citing outdated environmental reviews. While this pause was later blocked by a federal court, the administration’s next move revealed its true intentions. (Read more.)
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