White House pauses permits to export natural gas
Summary
TLDRThe transcript discusses President Biden's decision to freeze liquefied natural gas exports from Texas, the top U.S. producer, to Europe amid an energy crisis there. Critics argue this panders to his base and is bad policy, as it could lead Europe to increase coal use which is worse for emissions. There is debate around whether this move politically hurts Texas Democrats. Supporters contend exports haven't fully halted, Biden is reviewing projects, and this shows his commitment to younger voters on climate change.
Takeaways
- 😡 President Biden's halt on LNG exports hurts Texas, a top producer.
- 😠 The policy panders to Biden's base but is bad economically and politically.
- 😤 Without LNG exports, other countries will burn more coal, increasing emissions.
- 😫 The US has cut emissions by transitioning from coal to natural gas.
- 🤬 Biden's policy contradicts efforts to address climate change.
- 😱 Environmentalists want serious climate action despite short-term costs.
- 🤔 The policy just reviews new LNG projects, without halting all exports.
- 😈 Trump would likely criticize Biden heavily over this.
- 😡 Experts argue stopping LNG exports will hurt the planet, not help.
- 😩 The policy frustrates younger voters who want climate action.
Q & A
What policy decision by President Biden is negatively impacting Texas?
-President Biden has frozen the export of liquefied natural gas, which hurts Texas since it is the nation's top producer of natural gas.
Why is freezing LNG exports bad policy according to the speakers?
-The speakers argue it is bad policy because other countries will burn dirtier coal instead of natural gas for electricity, which is worse for the environment.
How has the U.S. been able to reduce carbon emissions?
-The U.S. has reduced carbon emissions by closing coal plants and using natural gas instead to generate electricity.
What are the potential political consequences for Texas Democrats?
-Biden's border and LNG policies could hurt Texas Democrats like Gutierrez and Allred who are trying to unseat Ted Cruz.
Is Biden completely halting LNG exports?
-No, LNG exports are still happening at record rates. Biden has just paused approval of new projects.
Who does Chao think Biden is trying to appeal to with this policy?
-Chao believes Biden is trying to appeal to his younger base who care about climate change.
What argument could Trump make against this policy?
-Trump could criticize Biden using his "drill baby drill" philosophy and argue this policy will hurt rather than help the planet.
How long have LNG exports from the U.S. been discussed?
-One speaker mentions discussions about U.S. LNG exports going back 10 years to 2014.
How imminent is the threat of climate change according to Chao?
-Chao says climate change is a concern for her children's future, even though the effects are 10-20 years away.
Where do the speakers stand on the policy of freezing LNG exports?
-The speakers all argue strongly against freezing LNG exports, saying it is bad policy economically and environmentally.
Outlines
😕 Biden's LNG export freeze hurts Texas economy and environment
Paragraph 1 discusses how President Biden's decision to freeze liquefied natural gas (LNG) exports from Texas, the top LNG producing state, hurts the Texas economy and environment. It suggests the move panders to Biden's base despite being bad policy as it will lead countries to burn more coal, increasing emissions. The decision also politically damages Texas Democrats.
Mindmap
Keywords
💡liquefied natural gas
💡export
💡base
💡climate change
💡economy
💡electricity
💡coal
💡emissions
💡policy
💡plants
Highlights
Biden's border policy is battering his standing in Texas
Texas is the top US producer of natural gas, much of which is exported as LNG
Biden froze LNG exports to Europe and elsewhere for an environmental review
Question if Biden is sending a political message to Texas Governor Abbott
Freezing LNG exports is bad policy since it will increase coal use abroad
US has cut emissions by switching from coal to natural gas for electricity
Politically stupid to freeze LNG exports which are a major Texas export
Current LNG export rates are at record levels, only new projects are halted
Younger voters want Biden to take climate change seriously
We face climate impacts in 10-20 years that were predicted decades ago
This is not a full halt on LNG exports, only a review of new projects
Trump would campaign on unfettered oil and gas drilling
Freezing LNG exports will hurt rather than help the environment globally
Oman discussed LNG exports to Europe 10 years ago
The freeze only applies to some new LNG projects, not all
Transcripts
.
Welcome back. As if President
Biden's standing in the Lone
Star State wasn't battered
enough by his border policy, the
commander in chief added some
insult to economic injury this
week by freeze ING the export of
liquefied natural gas just in
case you weren't aware, Texas is
the nation's top producer of
natural gas. A growing quantity
of which is exported to Europe
and elsewhere in the form of LNG
panel. President Biden's
conduct an analysis of the
impact of these shipments.
Environmental and otherwise.
Question is this a coincidence,
or could the president be
sending Greg Abbott a message?
Bill, I know you've looked at
this. I think this is pandering
to his base. I don't think it's
Abbott, but look, this is the
dumbest public policy I've ever
heard of in my life. You know,
if you don't export LNG to these
countries, what do you think
they're going to burn to create
electricity? Coal? They're going
to burn coal, which is ten times
worse than natural gas. The
United States is one of the few
countries that's reducing its
carbon emissions on a per capita
basis right now. And the way
we've done it is by closing coal
pants and instead using natural
gas to generate electricity.
That can be exported over the
whole world. We've got a huge
surplus of the United States.
It's nuts not to do it, but it's
also politically stupid. I mean,
we just get a poll that shows
that Gutierrez and Allred are
within a couple of points of Ted
Cruz. They've got to be pulling
their hair out this morning. Not
only is Biden like shooting them
in the back on his border
policy, now he puts another
bullet in them. Was saying,
we're going to do away with
Texas biggest export. This is
dumb politically. It's dumb from
a policy standpoint. Absolutely.
Any thoughts here? Chao. Well, I
don't think that politically I
actually think this strategy of
halting and taking a look and
just by the way, they're
exporting LNG at at at record
rates this year, there are seven
plants in Texas and Louisiana.
This is just a way to look and
see if the new projects are
within the confines of national
believe that Biden is looking at
his younger base, and the
younger base is saying, look, we
are serious about climate change
as a mother with young children
who are going to have to grow up
in this world. It is something
we think about. We don't think
about it day to day because
it's, you know, ten, 20 years
down the line. But look where we
are now. We're ten, 20 years
climate change two decades ago.
So yes, this is at least a
judicious response to just
reviewing things. We're not
halting LNG exports, okay. You
can almost hear Trump on the
campaign trail. Yes Drill baby
drill. He did say, listen,
listen, this is Biden. I'm
sorry. I hate to wake you up.
Listen, I listen, but, uh, look,
you have got to not stop this
bill is 100% right. If they're
not doing. When I went to Oman,
they were talking about LNG
2014, ten years ago about this.
If you don't do this, it is
going to absolutely increase
everything else. This is going
to hurt the planet, not help the
planet. This pause and let me be
clear, is not all LNG. This is
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