On Jan 26, 2024, the President Biden's Administration announced a pause on the permitting of new LNG export facilities. Here's some commentary and an overview of the LNG market.
And yes, it’ll impact Texas. Not to speculate on the motives, but it looks bad on its surface.
But it brings up a fundamental issue: the ‘social cost’ of GHG is allegedly the justification. Really, it’s can be extremely easy to get wildly distorted imagined costs that can ‘justify’ shutting down just about anything.
And yes, it’ll impact Texas. Not to speculate on the motives, but it looks bad on its surface.
But it brings up a fundamental issue: the ‘social cost’ of GHG is allegedly the justification. Really, it’s can be extremely easy to get wildly distorted imagined costs that can ‘justify’ shutting down just about anything.
Thanks for the restack!
Anything to hurt TX!