#Markets: The Biden Administration condemns the gift of LNG. Liz Peek The Hill. Fox News and Fox Business https://www.foxbusiness.com/energy/bidens-natural-gas-export-pause-win-russia-another-loss-us
The John Batchelor Show
John Batchelor
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🗓️ 31 January 2024
⏱️ 5 minutes
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Summary
#Markets: The Biden Administration condemns the gift of LNG. Liz Peek The Hill. Fox News and Fox Business
https://www.foxbusiness.com/energy/bidens-natural-gas-export-pause-win-russia-another-loss-us
1936 TEXAS
Transcript
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| 0:00.0 | I'm John Batch with Elizabeth P. She's a commerce for the hill, |
| 0:09.2 | comments for Fox News much on Fox Business. Liquified natural gas. |
| 0:13.4 | The President of the United States |
| 0:14.9 | is a moderate Democrat throughout his career. |
| 0:18.8 | And energy was always one of the successes |
| 0:22.0 | of the American public of the American business |
| 0:24.4 | community as long as Joe Biden has been in Washington and then liquefied |
| 0:30.1 | natural gas there is application to build new ports in the Gulf of Mexico |
| 0:35.0 | because the world the world demands the LNG that we've got in abundance. |
| 0:40.0 | However, the White House suddenly comes forward, suddenly because I hadn't anticipated |
| 0:46.3 | this actually happening so quickly after the heads up that there was thinking about banning |
| 0:51.9 | permission to build new ports and the president speaks |
| 0:56.0 | again against liquefied natural gas. I'm told immediately you're not |
| 1:00.5 | cynical enough John this is to please the green part of the Democratic Party. |
| 1:05.0 | But Liz, I appeal to you. Who are they going to vote for if not for Joe Biden? |
| 1:09.0 | Why now? Why do this after the promises to Germany and Europe after the struggle that Europe has been having with the |
| 1:16.5 | cutoff from Russia and now we're cutting them off from growth out of our LNG? That's |
| 1:22.4 | counter productive. out of our LNG? That's counterproductive. Yeah, it's a you ask a very good question, but this is bigger than just supplying Europe with natural gas, LNG that they lost because of the war with Ukraine. |
| 1:37.9 | This is also about the United States having a tremendous geopolitical advantage. |
| 1:42.8 | Who buys LNG, China, for one, South Korea, and Japan? |
| 1:47.3 | All three of those countries who run a substantial trade surplus with the United States. This is incredibly important and by the way in terms |
| 1:55.6 | of environmentalism obviously the more LNG that China can import the less it's |
... |
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