LNG Exports

Sun, 2014-11-30 13:28Justin Mikulka
Justin Mikulka's picture

Obama’s Argument Against Keystone XL Pokes Holes in Industry's Argument to Lift Crude Oil Export Ban

Crude oil export ban

Larry Summers, former secretary of the treasury and top economic advisor to President Barack Obama, has strongly advocated to lift the crude oil export ban. And he has a compelling, if not necessarily fact-based, argument.

Permitting the exports of oil will actually reduce the price of gasoline,” Summers told an audience at the Brookings Institute on September 9th.

This argument for lifting the crude oil export ban is also pushed by the American Petroleum Institute, prominent Republicans and the Government Accountability Office.

When analyzing the push to lift the crude oil export ban, it's informative to look to the ongoing efforts to sell the massive expansion in U.S. natural gas exports.

The oil and gas industry and its supporters have also pushed the idea that exporting natural gas would be good for the average American. However, in the case of natural gas exports, the outcome was actually quite the opposite as predicted by the Energy Information Administration in a report titled “Effect of Increased Natural Gas Exports on Domestic Energy Markets.”

Their analysis reads: “Increased natural gas exports lead to higher domestic natural gas prices.”

Natural Gas Exports: Executive Summary

Co-authored by Lee Fang and Steve Horn.

Executive Summary

The 2014 U.S. congressional mid-term elections are now complete, and the Republican Party controls both the House of Representatives and the Senate. Some have forecasted that this could have catastrophic impacts for progress on climate change and environmental protection in general.

Natural Gas Exports: Key Findings

Key Findings 

The Obama Administration and Key Democratic Leaders Increasingly Embrace LNG Interests: While the Obama White House and Democratic Party have presented themselves as leaders in addressing climate change, moving away from fossil fuels and toward alternative energy sources, LNG exporters have bought their way into the Democratic Party, securing a close relationship with the White House, key federal agencies, and Democratic Party leaders.

Natural Gas Exports: Democrats and the Obama Administration

Democrats and the Obama Administration

President Obama came into office pledging to tackle climate change and to “close the revolving door” between lobbyists and government. But as the LNG debate has unfolded, the administration has broken both promises.

Natural Gas Exports: Our Energy Moment

Message as Massage: “Our Energy Moment”

The rush to hire Democrats for LNG export promotion has raised the specter of conflicts of interest for the White House and its allies.

Natural Gas Exports: Bush Administration Aides and LNG

Bush Administration Aides and LNG

Many ex-Bush Administration officials have passed through the government-industry revolving door and now lobby for or directly own key LNG industry assets.

Natural Gas Exports: Congress

 Congress 

When lawmakers convened for the annual Congressional Baseball Game for Charity in July 2014, they were greeted with packets reminding them of the event’s sponsors: Cheniere, the LNG firm that was the first to win an export license from the federal government, and ANGA, the lobbying association pushing for more exports.

Natural Gas Exports: Koch Brothers and the Conservative Echo Chamber

Koch Brothers and the Conservative Echo Chamber

The “Kochtopus” tentacles reach into the LNG exports debate as well.

Pages

Subscribe to LNG Exports