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Politicsenergy

All articles tagged with #politicsenergy

politicsenergy1 year ago

"White House Considers Lifting LNG Export Pause to Secure Ukraine Aid, Amid GOP Pressure"

The White House is considering ending President Biden's pause on liquefied natural gas (LNG) exports in order to advance a Ukraine aid package in Congress, with Republican pressure and concerns about the impact on climate change playing a role in the decision-making process. The potential move to lift the pause on LNG exports is seen as a way to help unfund Russia's war effort in Ukraine, but it faces opposition from activists concerned about environmental impact and from hard-line conservatives in the House.

via Reuters|
#lng-exports#politicsenergy#republican-pressure
politicsenergy1 year ago

"US Funding Bill Prohibits China's Access to Strategic Petroleum Reserve Oil"

The U.S. funding legislation includes a measure that would prevent China from purchasing oil from the Strategic Petroleum Reserve, reflecting bipartisan concern over competition with China. This move comes after President Biden's announcement of a sale of 180 million barrels of SPR oil to address soaring gasoline prices following Russia's invasion of Ukraine. The bill, which lays out funding for government segments, is set for a House vote before the Senate considers it, with the issue of SPR oil sales to China remaining a contentious topic.

via Reuters|
#bipartisan-sentiment#china#oil-sales
politicsenergy2 years ago

Germany's Budget Crisis Exposes Green Fiscal Challenges

Germany is facing a fiscal crisis as its constitutional court rules that the government's plan to fund green projects through emergency borrowing violates the country's balanced-budget amendment. The coalition government is struggling to find alternative methods of funding green priorities, leading to a political crisis. Meanwhile, in the US, the Biden administration's push for widespread adoption of electric vehicles (EVs) is criticized as an expensive fantasy. Research shows that EVs have benefited from hidden subsidies, with costs ultimately borne by gasoline vehicle owners, taxpayers, and utility ratepayers. The adoption of EVs would require significant and expensive grid upgrades, and their impact on global emissions and climate change would be negligible. Additionally, the emissions associated with EV battery production and the sourcing of materials are largely unreported. Both Germany and the US face challenges in their green energy policies, with Germany grappling with fiscal constraints and the US lacking spending constraints altogether.

via Mish Talk|
#biden-administration#evs#fiscal-crisis