Why Does Boston Buy Natural Gas from Russia

My latest op-ed appeared in American Greatness while I was on vacation, and I missed it, here is a quote and the link. A photo of a Russian LNG tanker arriving in Boston Harbor 4 years ago can be seen here.

“Europe is vulnerable and needs our natural gas; prices are absurdly high and going higher. Yet, everyone in the oil and gas industry is afraid to invest any money, even if they have financing available. Who wants to start a 10- to 20-year natural gas project, whether it’s a gas field, pipeline, or LNG (liquified natural gas) terminal, when the current administration is saying it will shut you down in 10 years?

“You’ve got six years, eight years, no more than 10 years or so,” says climate envoy John Kerry. “No one should make it easy for the [natural] gas interests to be building out 30- or 40-year infrastructure.”

In the meantime, India has relaxed its environmental regulations and plans to double its use of coal. China has cut coal import tariffs to zero to ensure energy security and lower costs.”

American Greatness

Read more here.

via Watts Up With That?

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June 20, 2022 at 08:40PM

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