Trump’s LNG Strategy Makes No Sense. Trump says increasing liquefied natural gas exports will lower gas prices. He’s got it all backward. Two reports show that increased US LNG exports will drive up domestic gas prices, with most LNG profits winding up overseas, with particular advantages for China.
Source: mafco
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“Everyone says he is crazy – which maybe he is – but the scarier thing about him is that he is stupid. You do not know anyone as stupid as Donald Trump. You just don’t.” Fran Lebowitz
The only reason the US has cheap gas is because they can not export all of it.
Everyone with the most rudimentary understanding of how markets work knows that.
US is paying european spot prices for LNG because we’re exporting so much of it
Because he also eliminated the Biden restrictions, drill baby drill. Biden says he didn’t do bans, but he did. A large reason Trump won PA.
It’s almost as if Trump is a slave to the oil and gas industry that paid him $96 million in this election alone.
Its clear listening to Trump talk about the Energy industry that he truly has little understanding of how anything works.
He wants to drill baby drill, well asking Saudi to lower prices well tariffing Canadian Oil that we basically import at a discount, refine and then sell for a big profit.
The guy has no idea how anything works and sadly has no interest in finding out.