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re: Biden Freezes New Gulf Coast Natural Gas Terminals, Says it will Lower Prices for US

Posted on 2/1/24 at 9:10 am to
Posted by mauser
Orange Beach
Member since Nov 2008
21530 posts
Posted on 2/1/24 at 9:10 am to
My gut feeling tells me this punishment for our resistance to his illegal alien invasion.
Posted by LegalEazyE
Madison, Wisconsin
Member since Nov 2023
2121 posts
Posted on 2/1/24 at 9:14 am to
quote:

My gut feeling tells me this punishment for our resistance to his illegal alien invasion.


Definitely.
Posted by tommy2tone1999
St. George, LA
Member since Sep 2008
6772 posts
Posted on 2/1/24 at 9:17 am to
He's getting back at Texas over the defiance at the border. It has nothing to do with the American consumer.
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
66924 posts
Posted on 2/1/24 at 9:30 am to
quote:

He's getting back at Texas over the defiance at the border. It has nothing to do with the American consumer.


They can call it whatever they want, but this is why Biden is doing this.
Posted by thejudge
Westlake, LA
Member since Sep 2009
14049 posts
Posted on 2/1/24 at 9:35 am to
quote:


Gvt will use civil rights and global warming to override the constitution and tear down the United States. This is their new bill of rights and constitution.
Posted by MasterJSchroeder
Berwick
Member since Nov 2020
972 posts
Posted on 2/1/24 at 9:46 am to
This happened immediately after Landry supported TX National Guard at the Border
Posted by TigerOnThe Hill
Springhill, LA
Member since Sep 2008
6811 posts
Posted on 2/1/24 at 9:48 am to
quote:

Sad for Lake Charles and Cameron. Those LNG projects would provide a much-needed boost to the economy and population, which is still recovering from Hurricane Laura.


Yeah, what's really damaging is the negative economic impact this will have on LC, Cameron and other areas effected by the pause. One of my friends has a family member working on the Cameron/LC project for Global Venture. The total price tag is $13 BILLION while his company's share would be $250 MILLION. That's a lot of good paying jobs for Americans the Biden administration is putting on hold, and for no logical reason. Biden's official press release announcing the pause is idiotic and makes no sense.
Posted by tigerfan 64
in the LP
Member since Sep 2016
3778 posts
Posted on 2/1/24 at 10:21 am to
quote:

This is a really dumb move by Biden and I don’t understand what he thinks this will accomplish.

Paying homage to the wef climate cartel and their bleeding heart believers.
Posted by choupiquesushi
yaton rouge
Member since Jun 2006
30521 posts
Posted on 2/1/24 at 10:35 am to
Louisiana should secede.
Posted by alphaandomega
Tuscaloosa
Member since Aug 2012
13534 posts
Posted on 2/1/24 at 10:57 am to
It a punishment from a democrat administration against red states.

The governors of LA and TX should refuse to allow any petroleum products to be shipped to any blue state until these types of actions are stopped.

And if the democrat voting blue state citizens freeze to death then good riddance.
Posted by John Coctostan
Member since May 2018
545 posts
Posted on 2/1/24 at 11:03 am to
Seems arbitrary and capricious. Please tell me the companies affected by this are already drafting up a lawsuit. I can’t see this holding up under judicial scrutiny.
Posted by LSUvet72
Member since Sep 2013
11854 posts
Posted on 2/1/24 at 11:29 am to
Louisiana and Texas ,great LNG producers and exporters, need to sue Potatohead Puppet as he or should have no power to shut down private owned industries.

MFer is the true dictator.... and more dic than tator.

Posted by tgerb8
Huntsvegas
Member since Aug 2007
5984 posts
Posted on 2/1/24 at 11:30 am to
quote:

Five terminal projects already approved for construction will add another 67 million tonnes of capacity within 2 years.

This week Biden froze these building approvals, citing their contribution to climate change,


can you people PLEASE stop pointing out the few things that America is still doing well. Biden sniffs that shite out so he can ruin it too.
Posted by Big Scrub TX
Member since Dec 2013
33403 posts
Posted on 2/1/24 at 11:50 am to
quote:

Says it will Lower Prices for US
I mean, it likely will. Which is a weird goal given they are trying to get people to STOP using natural gas.
Posted by Big Scrub TX
Member since Dec 2013
33403 posts
Posted on 2/1/24 at 11:52 am to
quote:



So lowering the supply of LNG (or keeping it constant) and reducing exports is supposed to drop LNG prices and help our import/export trade component of GDP?
No. Effectively INCREASING the supply of natural gas domestically will drop gas prices (not LNG prices. Overseas, those could spike.)
Posted by Big Scrub TX
Member since Dec 2013
33403 posts
Posted on 2/1/24 at 11:52 am to
quote:

Less supply always lowers prices.
It's higher supply, you dolts.
Posted by Powerman
Member since Jan 2004
162216 posts
Posted on 2/1/24 at 11:54 am to
quote:

Louisiana should secede.

A state as dependent on the federal government as Louisiana is in no position to talk about seceding alone

Posted by Big Scrub TX
Member since Dec 2013
33403 posts
Posted on 2/1/24 at 11:57 am to
quote:

A state as dependent on the federal government as Louisiana is in no position to talk about seceding alone
No kidding. And one as incompetent as it is at the basic functions of administering a healthy, educated society.
Posted by Powerman
Member since Jan 2004
162216 posts
Posted on 2/1/24 at 11:58 am to
Maybe they can catch a piggy back ride on Texas when that never happens either
Posted by John Coctostan
Member since May 2018
545 posts
Posted on 2/1/24 at 12:03 pm to
Maybe in the near term. But this will have the opposite effect over time as many of the gas wells are planned in anticipation of the new LNG terminals. Take those out of the equation and production will drop off due to lack of investment in new production.
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