[Just The News] Former President Joe Biden paused liquified natural gas exports while the Energy Department completed a study to see if increased exports were in the public interest. The study, released over a year ago, predicted exports would drive up domestic prices. The exact opposite has happened.The Trump administration had its one-year anniversary Tuesday, and the White House marked the occasion with a list of 365 actions that the administration has taken — what it calls "wins" — since President Donald Trump assumed office.
Among these are the nearly three dozen actions the administration took to unleash "American Energy Dominance." Among the lists of "wins," Trump took credit for record-high increases in LNG exports. The U.S. is the first country in history to export more than 100 million metric tons of LNG in a single year, the White House noted.
Two years ago, the Biden-Harris administration announced it was pausing LNG exports while it conducted a study to see if it was in the public interest to increase exports. Climate activists had pushed the administration to stop LNG export expansion, arguing it would increase domestic prices and make global warming worse.
Then-Energy Secretary Jennifer Granholm released a study the following December, and its conclusions were in line with what activists had wanted to see. The study found that "unfettered" exports of LNG would increase wholesale domestic natural gas prices by more than 30%, costing the average American household well over $100 more per year by 2050.