LNG exports are not the main reasons for price increases in US
Volatile energy prices are uniting some otherwise unaligned industrial manufacturing interests and environmental groups in a campaign to cut down on U.S. liquefied natural gas exports.
LNG is a major U.S. energy export and a big part of President Joe Biden's efforts to help Europe reduce its reliance on gas supplies from Russia, but higher export volumes can be tied to higher prices for gas domestically, driving up the cost of industrial processes and electricity generation.
Proponents of new export restrictions, who support a pullback up to and including a complete ban on LNG shipments overseas, are lobbying the Biden administration to take action to keep more U.S.-produced natural gas at home in hopes that it will lower prices and prevent them from rising back up to the 13-year highs they reached in June.
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The main reason for natural gas price increases is Biden's idiotic restrictions on drilling. Without those restrictions, the US would be producing more and could have significantly limited Europe's dependence on Russia for gas in the first place. Trump told the Europeans that and was laughed at for being right. Biden is the least intelligent President ever, especially when it comes to energy. And the European leadership was also not thinking strategically. BTW, the Europeans could also have been using fracking to produce some of their energy.
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