When Emmanuel Macron complained to Biden that the Inflation Reduction Act will hurt European businesses I made fun of him. I made fun of all the European politicians who complained about the IRA because, really, it has always been pathetic to assume someone other than yourself should take care of you and your strategic interests because you’re friends.
This is not a race (original)
How Joe Biden Made the War in Ukraine a Gift to the Gas Industry
The letter, dated February 25, just one day after Vladimir Putin’s forces launched their assault on Ukraine, noted the “dangerous juncture” of the moment before segueing into a list of demands: more drilling on US public lands; the swift approval of proposed gas export terminals; and pressure on the Federal Energy Regulatory Commission, an independent agency, to greenlight pending gas pipelines.
…
Much of the new gas infrastructure won’t be operational for several years, which may be beyond the timeframe of the Russia-Ukraine conflict that has squeezed supplies and caused gas prices to spike. So much LNG export is planned or under construction, adding up to about half of all total US gas production, that it will probably cause gas prices to climb for domestic American users, according to Clark Williams-Derry, analyst at the Institute for Energy Economics and Financial Analysis
“It’s beginning to eat into the amount of gas available to domestic consumers,” said Williams-Derry. “We will see very severe impacts on domestic US gas prices. We will see the impacts for as long as the eye can see.”
Ms. Cat’s Chronicles 
You must be logged in to post a comment.