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Notes -
The European gas crisis more than quadrupled the US LNG export business, which started as a subsidized foreign policy tool and suddenly became very profitable (the ports were super expensive and were not competitive with pipeline gas before). 60% of US LNG now goes to Europe, totaling more than we send to Mexico and Canada via pipeline.
Biden just ended all new LNG export construction for "environmental" reasons, hugely enriching the existing owners (the government's partners) by granting them a monopoly.
So in one move they made Europe more economically and politically dependent on the US, paid off the party's cronies, gave their green wing a fake win with some payouts, and put an entire security-critical industry under the thumb of the party. It was a stroke of absolute genius.
And the most impressive part is how long range the plan was. Iirc the government started those then-unprofitable LNG export terminal partnerships over a decade ago, all for this moment when the strategy to split the EU and Russia came to fruition.
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