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Trump wants to take a page out of the Biden energy playbook
- President Donald Trump is considering a ban on US diesel exports to lower costs, a strategy mirroring the Biden-era LNG export pause he once vowed to dismantle.
- Trump previously slammed the Biden-Harris 'war on energy,' but now faces pressure from Republicans citing sky-high prices affecting farmers, truckers, and construction workers amid conflict with Iran.
- Tom Kloza, chief energy adviser at Gulf Oil, warned the potential ban is a 'worse version of the LNG pause' that would fail to lower costs while chilling investment.
- Natasha Kaneva, head of global commodities strategy at JPMorgan, told clients on Thursday that a 30-day ban would initially reduce prices but refiners would lack storage space, forcing crude runs to fall by day 31.
- Joe Brusuelas, chief economist at RSM, labeled the shift a 'classic lose-lose proposition' driven by election-year populism, arguing even free-market purists are embracing interventionist policies.
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In January 2024, then-presidential candidate Donald Trump harshly criticized the Biden government for freezing approvals for new plants to export liquefied natural gas from the United States.
Trump wants to take a page out of the Biden energy playbook
By Matt Egan, CNN New York (CNN) — In January 2024, then-presidential candidate Donald Trump blasted the Biden administration for freezing approvals for new plants to export US liquefied natural gas.When he won the election, in part by slamming the Biden-Harris “war on energy,” Trump vowed in his second inaugural address: “We will bring prices
·Panama City, United States
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Total News Sources13
Leaning Left0Leaning Right0Center12Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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