{"id":206405,"date":"2022-06-29T14:25:21","date_gmt":"2022-06-29T12:25:21","guid":{"rendered":"https:\/\/climatescience.press\/?p=206405"},"modified":"2022-06-29T14:26:09","modified_gmt":"2022-06-29T12:26:09","slug":"the-best-mislaid-plans-of-mice-and-men-often-go-awry-biden-oil-edition","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=206405","title":{"rendered":"The Best-Mislaid Plans of Mice and Men Often Go Awry: Biden Oil Edition"},"content":{"rendered":"\n
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AZ Quotes<\/a><\/figcaption><\/figure>\n\n\n\n

But Mousie, thou art no thy-lane,<\/em><\/p>

In proving foresight may be vain:<\/em><\/p>

The best laid schemes o\u2019 Mice an\u2019 Men<\/em><\/p>

Gang aft agley,<\/em><\/p>

An\u2019 lea\u2019e us nought but grief an\u2019 pain,<\/em><\/p>

For promis\u2019d joy!<\/em><\/p>To a Mouse BY ROBERT BURNS, 1785<\/a><\/cite><\/blockquote>\n\n\n\n

Guest \u201cMy apologies to Robert Burns\u201d by David Middleton<\/p>\n\n\n\n

The LNG Export Plan<\/h3>\n\n\n\n

Remember back in March, when Biden promised to ramp up US LNG exports<\/a> to Europe?<\/p>\n\n\n\n

JUNE 23, 2022
Fire causes shutdown of Freeport liquefied natural gas export terminal<\/strong><\/p>

On June 8, 2022, a fire at Freeport LNG\u2018s<\/a> natural gas liquefaction plant on the Gulf Coast in South Texas led to the full shutdown of the facility. The shutdown of Freeport LNG will reduce total U.S. liquefied natural gas (LNG) export capacity by approximately 2 billion cubic feet per day (Bcf\/d), or 17% of total U.S. LNG export capacity.<\/p>

Freeport LNG is one of seven LNG export facilities operating in the United States. Freeport LNG has three operating liquefaction units (called trains) that have a combined baseload capacity of 1.98 Bcf\/d and peak capacity of 2.14 Bcf\/d<\/a>. The facility shipped its first LNG cargo<\/a> in September 2019, and it was the fifth U.S. LNG export terminal to come online in the Lower 48 states. A fourth liquefaction train (with a capacity of 0.67 Bcf\/d) has been fully approved, but its owner has not yet reached a final investment decision.<\/p>

According to Freeport LNG Development, L.P.<\/a>, the preliminary assessment suggests that the fire was caused by excess pressure in an LNG transfer pipeline that moves LNG from the facility\u2019s storage tank to the terminal\u2019s dock facilities. The fire did not affect Freeport LNG\u2019s main facilities, such as its liquefaction trains, LNG storage tanks, dock facilities, or LNG process areas. The company announced that it does not expect the terminal to return to full service until late 2022, although it aims to have the terminal partially operating in approximately 90 days.<\/p>

[\u2026]<\/p>

Principal contributors: <\/strong>Victoria Zaretskaya, James Easton, Kirby Lawrence<\/p>

Tags: <\/strong>natural gas<\/a>, exports\/imports<\/a>, LNG (liquefied natural gas)<\/a>, outages<\/a><\/p>EIA<\/a><\/cite><\/blockquote>\n\n\n\n

Most of the Freeport LNG shipments this year were going to Europe:<\/p>\n\n\n\n

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Data source: <\/strong>U.S. Energy Information Administration, Short-Term Energy Outlook<\/em><\/a>, and U.S. Department of Energy, LNG Monthly<\/em><\/a> reports<\/figcaption><\/figure>\n\n\n\n

The sudden ~2 Bcf\/d glut in domestic supply caused US natural gas prices to retreat<\/a> and European LNG prices to skyrocket<\/a> again.<\/p>\n\n\n\n

The Freeport facility accounts for roughly 20% of U.S. LNG processing capacity, drawing 2 billion cubic feet per day (bcfd) of natural gas from U.S. shale producers.<\/p>

A full restart of the facility will not happen until late this year, the company said this week. The outage sent U.S. gas futures down 18% from the price a day before the fire, while European gas prices have surged more than 60%, with an additional boost from less gas on Russian pipelines. read more<\/a><\/p>Reuters<\/a><\/cite><\/blockquote>\n\n\n\n

In the meantime, Biden\u2019s FERC is slow-walking natural gas infrastructure permits\u2026<\/p>\n\n\n\n

API: FERC Policy Changes Would Cause Uncertainty and Hamper LNG Export and Reliability Goals<\/strong><\/p>

202.682.8114 | press@api.org<\/a><\/p>

WASHINGTON, May 25, 2022 \u2013 The American Petroleum Institute (API) today filed reply comments to the Federal Energy Regulatory Commission (FERC) addressing the assertions of other commenters and continuing to express concerns that the Commission\u2019s two revised policy statements would chill investment in critical natural gas infrastructure. Increasing regulatory uncertainty and permitting delays, these policy changes directly conflict with FERC\u2019s mandate to ensure a reliable supply of natural gas under the Natural Gas Act (NGA) and run counter to the goals of the United States and European Union joint task force<\/a> to increase LNG exports to Europe. <\/p>

In filed reply comments<\/a> on FERC\u2019s Draft GHG Emissions Policy Statement, API Senior Vice President of Policy, Economics and Regulatory Affairs Frank Macchiarola highlighted API\u2019s shared goal of reducing GHG emissions through economy-wide and industry-led initiatives to address emissions associated with energy production. However, Macchiarola cautioned that the Commission should not regulate outside its statutory authority. <\/p>

\u201cOther regulators have greater levels of expertise, not to mention congressionally-granted authority to regulate in these areas. FERC should not complicate or contradict the broader regulatory framework affecting industry by inserting itself in these areas,\u201d Macchiarola said. Resources like EPA\u2019s Mandatory Greenhouse Gas Reporting Program (GHGRP) are better suited to monitoring GHG reduction and mitigation efforts and FERC\u2019s involvement could unnecessarily complicate the regulatory process. <\/p>

\u201cNatural gas pipeline infrastructure provides access to natural gas electric generation facilities, which can, and often do displace coal-fired electric generation and facilitate the integration of renewable energy resources into the nation\u2019s power mix,\u201d Macchiarola said. \u201cAPI encourages FERC to view our industry as a vital partner in the efforts to reduce our nation\u2019s GHG emissions, not as an obstacle.\u201d <\/p>

[\u2026]<\/p>API<\/a><\/cite><\/blockquote>\n\n\n\n

The Go Begging to OPEC Plan<\/h3>\n\n\n\n

Remember when Biden begged OPEC to increase production, while kneecapping domestic production?<\/p>\n\n\n\n

Big Oil blasts Biden for turning to OPEC for more crude<\/strong>
By Matt Egan, CNN Business
Fri August 13, 2021<\/p>

New York CNN Business \u2014 <\/p>

Big Oil is not pleased with the White House\u2019s push this week for more crude from OPEC and its allies.<\/a><\/p>

The American Petroleum Institute, the powerful lobby group<\/a> that represents the US oil and gas industry, is arguing President Joe Biden should be working to boost oil production at home before looking overseas.<\/p>

\u201cYou\u2019d think the first place you would go would be American producers, rather than OPEC, which literally held this country hostage for decades because they were our top supplier,\u201d API President Mike Sommers told CNN Business.<\/p>

In response, a White House official stressed the importance of \u201creliable and stable energy markets at this critical moment\u201d in the global recovery from the pandemic.<\/p>

\u201cPresident Biden has made clear that he wants Americans to have access to affordable energy, including at the pump,\u201d the US official told CNN Business.<\/p>

[\u2026]<\/p>CNN<\/a><\/cite><\/blockquote>\n\n\n\n

Unfortunately, OPEC doesn\u2019t appear have a magical production dial either.<\/p>\n\n\n\n

June 28, 2022<\/p>

Macron tells Biden that UAE, Saudi can barely raise oil output<\/strong><\/p>

GARMISCH-PARTENKIRCHEN, Germany, June 28 (Reuters) \u2013 Two top OPEC oil producers, Saudi Arabia and the United Arab Emirates, can barely increase oil production, French President Emmanuel Macron on Monday said he had been told by the UAE\u2019s president.<\/p>

Saudi Arabia and the UAE have been perceived as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to boost global deliveries that could reduce prices.<\/p>

\u201cI had a call with MbZ,\u201d Macron was heard telling U.S. President Joe Biden on the sidelines of the G7 summit, using shorthand for UAE leader Sheikh Mohammed bin Zayed al-Nahyan. \u201cHe told me two things. I\u2019m at a maximum, maximum (production capacity). This is what he claims.\u201d<\/p>

\u201cAnd then he said (the) Saudis can increase by 150 (thousands barrels per day). Maybe a little bit more, but they don\u2019t have huge capacities before six months\u2019 time,\u201d Macron said.<\/p>

[\u2026]<\/p>Reuters<\/a><\/cite><\/blockquote>\n\n\n\n

The Shutdown US Offshore Drilling Plan<\/h3>\n\n\n\n

Remember when Biden promised to halt offshore drilling?<\/p>\n\n\n\n

<\/p>\n\n\n\n

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