American Petroleum Institute CEO Mike Sommers eviscerated the Biden administration for stealing America’s energy future, in more ways than one.
Sommers told CNBC anchor Andrew Ross Sorkin during the Jan. 29 edition of Squawk Box that President Joe Biden’s announcement to abruptly halt liquefied natural gas (LNG) exports was concerning. “As you know, investment goes where it’s welcome, and unfortunately, the administration’s decision, I think, is going to push investment away from the United States into other countries,” Sommers said. “This is a decision that’s bad for consumers; it’s bad for American national security and it’s certainly bad for American allies.”
Sommers said the export of liquefied natural gas has helped lower the price of natural gas, further raising concerns that the Jan. 26 move to pause liquefied natural gas projects…
