The US was exporting record amounts of LNG - much less since 2021 when caps on exports were reinstated. Canada has increased its exports which, according to at least one industry report I read last year, is helping the UK (part of the Americas). But US exports to Europe were cut by the Biden admin, which put Russia back on top. It is no coincidence that when the US was a top exporter of energy products, Russia's expansion into E. Europe slowed to a stop (2017-2020). Russia is once again dominant in Europe and OPEC+Russia again in control of energy products worldwide. Not because the US can't compete - it was proven that our industry has the capacity and ability to compete - and win. The US has the capacity to produce all we need AND export enough to support Europe with cost effective, clean energy. It is strictly policy that is keeping the US form doing so at the scale of which we are capable and creating. Which has restored the revenue stream to Russia to support Putin's "reunification" objectives (restore the former soviet territories to "one" again).
Aug 28, 2023
at
10:56 PM
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