The War on US Energy Independence Continues

Commentary In a little-noticed statement slipped out last Friday, the Biden administration pulled another plank out from under America’s energy security and future prosperity. Declaring the climate crisis “the existential threat of our time,” President Joe Biden announced that his administration was imposing a “temporarily pause on pending decisions of liquified natural gas (LNG) exports.” In other words, the administration—which was already slow-walking energy regulatory approvals—is simply not going to green light any new LNG project, including any new terminals, any new capacity expansion or upgrades, or any new export licenses, for the foreseeable and indeterminate future. This decision, intended as a political concession to the radical progressive wing of the Democratic Party, further undermines U.S. energy independence. The action freezes the industry and effectively paralyzes any potential future investment towards the growth, development and productive enhancement of a critical energy resource....