Replies to post #31031 on Cycle Trading

[dealerschool2006]

It's not a ban altogether as such...itsa ban on new permits and a ban exporting to certain countries...this explains it better:
https://foreignpolicy.com/2024/04/23/united-states-ban-lng-sales-china/ Hopefully this lawsuit will get this ban lifted...not good seeing people lose there jobs over this...

This is incorrect:

MYTH: Banning American LNG Exports will lower domestic energy prices.

FACT: Domestic natural gas prices are lower and more stable with free trade and open markets. The decision to ban exports creates uncertainty and discourages investments that would otherwise create jobs and expand the supply of natural gas. Banning LNG exports will actually mean higher prices at home for Americans. We need more American energy production to lower prices—not President Biden’s export ban.

We know that #natgas prices have fallen because we have a glut and prices spiked from one tanker being filled from Freeport export facility until it shut down right afterwards from a hiccup...
https://energycommerce.house.gov/posts/myth-vs-fact-on-biden-s-lng-export-ban