Part 4/8:
Interestingly, the Biden administration’s approach to energy has made it more complex for U.S. gas to compete internationally. Blumer mentions that despite the moratorium on new gas plants, U.S. gas exports remain unaffected in the short to medium term. The administration has focused significantly on decarbonization efforts, which have led to a reduction in the messaging around gas consumption. Nonetheless, given the pressing energy crisis in Europe, there may soon be a shift in priorities, as economic pressures often dictate policy changes more than environmental concerns.