SHOT/CHASER: PRICES REACH RECORD LOWS AS EXPORTS REACH RECORD HIGHS BY MANDI RISKO
More false information proved wrong. US Oil and Gas industry are the good guys, who are helping supply some precious energy to some of the 4 billion people living in energy poverty.
SHOT/CHASER: PRICES REACH RECORD LOWS AS EXPORTS REACH RECORD HIGHS
BY MANDI RISKO FEB. 28, 2024 Leave a Comment
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A key claim from environmental activists and supporters of the Biden administration’s export ban is that increased LNG exports drive up domestic prices. But data continuously shows this is demonstrably false:
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Bottom Line: As EID has discussed time and again, data clearly show that increased LNG exports are not raising domestic energy prices. Even as the United States hits record exports, prices at home remain consistently low and stable – a fact confirmed repeatedly by the Department of Energy. The reality is: the U.S. oil and gas industry has proven it can meet demand at home and keep prices stable – all while supplying global energy security abroad.