Energy experts say President Joe Biden is following in the footsteps of former President Jimmy Carter in suspending liquefied natural gas (LNG) exports.
Oliver McPherson Smith, an energy fellow at the Hoover Institution, a think tank at Stanford University in California, wrote an op-ed on Wednesday titled “Biden's Misguided LNG Moratorium Follows Carter's Path to One-Term Presidency.” , in which he criticized Mr. Biden. The Biden administration recently decided to suspend LNG exports.
“President Biden's recent suspension of new licenses for liquefied natural gas (LNG) exports is a foolish policy move. Unfortunately, this type of misguided export restriction is not unheard of. At this very point, Jimmy Carter similarly implemented a semi-imposed ban on liquefied natural gas (LNG) exports and grain exports to the Soviet Union,'' the editorial said. “President Carter's grain embargo should serve as an ominous warning for President Biden.”
Last month, the White House announced a moratorium on LNG exports to non-FTA countries, citing environmental and climate change concerns.
Jim Watson/AFP/Getty Images
In a statement last month, the White House said: “President Biden has made clear that climate change is the existential threat of our time, and we must respond with the urgency it requires to protect the future of generations to come.” We must act accordingly.” “The United States is already the world's largest LNG exporter, and U.S. LNG exports are expected to double by the end of this decade. At the same time, the United States remains steadfast in its commitment to supporting our allies around the world. Today's announcement will not impact our ability to continue to supply LNG to our allies in the short term.”
McPherson-Smith wrote in an editorial that President Carter's decision to ban grain exports to the Soviet Union “seemed convincing” but turned out to be a “disaster,” adding, “The embargo… It also received a bad reputation on the international stage.” ”
“Forty-four years later, President Biden’s suspension of LNG export licenses would be a repeat of President Carter’s folly,” McPherson-Smith wrote. “According to the Biden administration, the moratorium on approval of additional LNG permits is driven by the risk of exacerbating climate change. Like President Carter’s embargo, this permit moratorium will not achieve its objectives. You won’t be able to do it.”
“With overwhelming inflation, foreign policy failures, and a tragic hostage crisis, President Biden's term is marred by comparisons to the one-term President Jimmy Carter. If this misguided LNG policy continues… , history may repeat itself,” the editorial added. .
newsweek The White House was contacted for comment via email on Wednesday.
In addition to McPherson-Smith's comparison to Carter, a recent Gallup report found that Biden's average approval rating in his third year in office is the second worst of any post-World War II president. It has been found. Only Mr. Carter, whose average approval rating in his third year was 37.4%, did worse than Mr. Biden, who averaged 39.8%.
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Newsweek is committed to challenging conventional wisdom, finding common ground and finding connections.
