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|    alt.politics.economics    |    "Its the economy, stupid"    |    345,374 messages    |
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|    Message 344,626 of 345,374    |
|    Corn Kings to All    |
|    Democrats revolt against corrupt Biden p    |
|    16 Dec 23 05:47:48    |
      XPost: alt.global-warming, alt.fan.rush-limbaugh, talk.politics.guns       XPost: sac.politics, sci.geo.petroleum, alt.crime       From: remailer@domain.invalid              The Biden administration’s plans for increased natural gas exports       are causing a revolt within the Democratic Party.              Despite the boom in renewables reducing domestic demand for fossil       fuels, the administration is backing the gas industry’s plans to       sell fuel at higher prices abroad, believing they will lead to less       production of climate-warming chemicals like carbon dioxide by       displacing dirtier-burning coal.              The fossil fuel industry is making a broader transition to gas,       which it is seeking to pitch as a climate-friendly fuel — and the       Biden administration has so far allowed it to more than double the       number of export facilities to ship gas abroad in its pressurized       and liquified form (LNG).                     Democratic senators, led by Ed Markey (Mass.), have called on the       administration to stop investing in gas plants abroad, noting that       the administration has already spent $1.8 billion on overseas fossil       fuel plants this year alone, along with voting at the World Bank to       direct $400 million in new gas financing to poorer countries.              “The United States can’t preach temperance from a bar stool, and       right now, America is drunk on oil and gas production and exports,”       Markey wrote Wednesday.              In addition, 32 Democratic members of Congress urged the       administration in November to begin planning for the end of fossil       fuels.              At the United Nations climate conference (COP28) that concluded this       week, the administration unveiled a new plan to cut leaks from       methane production, the predominant component in gas, in an effort       to reduce one of the most serious sources of harmful pollution.              But in focusing only on leaks from transporting the fuel — something       the industry already has incentives to do — the Biden administration       is “ducking the hard issue” on climate change, Rep. Sean Casten (D-       Ill.) told The Hill.                     Casten was one of 60 congressional Democrats who signed on to a       November letter demanding the Department of Energy (DOE) reassess       whether the new LNG terminals were in the national interest — a       condition required for new gas exports under the 1931 Natural Gas       Act.              Democrats like Casten argue that the elephant in the room is that       much of the surge in production isn’t intended to be used by       Americans. In 2022, the U.S. exported nearly 7 trillion cubic feet       of gas — a record sum and about 20 percent of total production,       according to the U.S. Energy Information Administration. The       administration expects those exports to increase to about 10       trillion cubic feet by 2050, driving rising domestic production —       even as domestic consumption falls.              “Is it in the U.S. national interest for us to decarbonize our       economy and continue ramping up fossil fuel production and export       overseas?” Casten told The Hill.              “I don’t think the DOE has even tried to answer that question,” he       said, though he added that such an expansion was “clearly in the       natural gas industry’s interest.”                     Like the Obama administration — under which fossil fuel exports       became legal for the first time in half a century — the Biden       administration has been broadly bullish on gas. Last year, as oil       prices soared, Energy Secretary Jennifer Granholm called on the       nation’s oil companies to raise production.              And in April, even as the secretary emphasized the importance of       increasing renewable production fourfold, she also proclaimed       support for further gas exports.              “We want to be able to ensure that our allies can turn on the       lights,” she said. “We know that natural gas is available right now.       We have an abundance. So, we’re going to be a friend to our allies.”                     In addition to national security, the Biden administration has       framed increased drilling for oil and gas and increased exports as       necessary measures to help the U.S. and allies get through the       period before renewables and electric vehicles can take over.              Defending the administration’s controversial approval of the Willow       project — a ConocoPhillips plan to produce oil for decades on       Alaska’s pristine North Slope — Granholm told Bloomberg, “We are       going through a managed transition,” and “we still have to allow       people to get from place to place affordably and turn on the       lights.”                     While some research backs up the administration’s position, it is       highly controversial for both climatic and economic reasons.              First, while gas burns about twice as clean as coal, it still       releases planet-warming carbon dioxide — and it is a very potent       warming agent in its own right.              The gas that spills from the industry’s notoriously leaky supply       chain warms the planet dozens of times more than an equivalent       amount of carbon dioxide.                     [continued in next message]              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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