How the Gas Lobby Is Using the Crimea Crisis to Push Bad Policy and Make More Money

[ashling]

A small group of pundits and politicians with close ties to the fossil fuel industry are using the crisis in Crimea to demand that the United States promote natural gas exports as a quick fix for the volatile situation. But such a solution, experts say, would cost billions of dollars, require years of development, and would not significantly impact the international price of gas or Russia’s role as a major supplier for the region. Rather, the move would simply increase gas prices for American consumers while enriching companies involved in the liquified natural gas (LNG) trade.

On Capitol Hill, House Energy and Commerce Committee Chairman Representative Fred Upton (R-MI) was among the first to use the crisis in Ukraine to demand that the Department of Energy speed up the approval process for new LNG terminals. “Now is the time to send the signal to our global allies that US natural gas will be an available and viable alternative to their energy needs,” said Upton in a statement. As we’ve reported, Upton’s committee is managed in part by Tom Hassenboehler, a former lobbyist who joined Upton’s staff last year after working for America’s Natural Gas Alliance, the primary trade group pushing to expand natural gas development and LNG exports.

Paul Bledsoe, in an opinion column for Reuters, wrote that the US should expedite natural gas exports to “bolster transatlantic solidarity and help to form a united US-EU response to Russian intervention in Crimea.” He was identified in the piece as a member of the “White House Climate Change Task Force under President Clinton.” What wasn’t disclosed, however, is that Bledsoe is an official with a pro-fossil fuels think tank called the Bipartisan Policy Center, which is funded by the American Gas Association and energy companies with a financial stake in promoting the natural gas industry. (Although he’s not listed on the website, a representative with BPC told Republic Report that Bledsoe continues to work there.)

Groups created and funded by Charles Koch, chief executive of Koch Industries, have also demanded that America should respond to the crisis in Crimea with LNG exports. “A serious President would also fast-forward permits on new liquefied natural gas terminals that could ship to Europe,” claims a column posted by Americans for Prosperity, a Koch-run advocacy group. A similar argument is advanced by the Koch-founded Cato Institute.

http://www.thenation.com/blog/178938/pundit-politician-demands-solve-crimean-crisis-fueled-gas-lobby

[pansypoo53219]

1. ALWAYS follow the money.

[jsr]

2. Recommend

[sabrina 1]

3. They are despicable people. They used the same argument to lift the ban on Offshore Drilling.

We would be floating in oil and wouldn't need to be dependent on Foreign Oil. So where is it? Oil has gone UP and last I heard the American people not only DON'T benefit from all the oil in this country, it is sold to Foreign Corps and sent out of the country while we are still dependent on foreign oil.

Once again, they lie.