Saturday, February 3, 2024

Policy

With the onset of the Ukrainian War the Europeans lost their supply of natural gas and it has sent their economy into a tail spin. The United States responded but building five new natural gas export terminals with more on the drawing board. The US has ample supplies thanks to fracking and can help Europe during these trying times. Not so fast. The Biden administration said it is delaying consideration of new natural gas export terminals, even as gas shipments to Europe and Asia have soared since Russia's invasion of Ukraine. This attempt to fight climate change comes into direct conflict with the fact that the US is currently producing fossil fuels at a record pace. What is the US policy on fossil fuels.

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