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Authored by Mike Shedlock via MishTalk.com,

The climate fear-mongers are pressuring Biden to ban natural gas exports. Let’s discuss the ramifications.

Climate Test for Natural Gas Exports

Politco notes Biden’s Aides Weigh Climate Test for Natural Gas Exports.

Climate Win For Biden?

“We know that the Biden administration really needs a climate win and in order for them to win.”

The public is more than a bit sick of the policies of this administration. Banning natural gas exports would hurt Biden’s elections chances.

Biden Threat

Natural Gas Math

91.2 million tons * 0.005367 MMBtu/ton * $10/MMBtu = $48.8 billion. If we look at oil exports (back of the napkin math) 3.99 million b/d (avg) * $80/barrel (avg 2023)* 365 days = $110.5 billion. That seems like a lot of revenue for a country $34T in debt to stifle…just saying.

But what is this really about?

Banning LNG exports would tend to lower prices.

My Guess

Biden will not want to give Trump another energy card.

Nor will he want to risk Pennsylvania.

Addendum

One of my readers noted a point I failed to mention: Russia will sell more natural gas as a result.

Bingo: Reducing exports does not change global demand. It will only shift the source of the supply.