Last week President Biden seemingly inexplicably decided to put a stop to approvals of American liquefied natural gas (LNG) exports. Is it to get back at Texas for the border dispute or is it another sop to the radical environmentalists (even though LNG exports are a win for the environment)? We may never know.
LNG is a classic win, win, win for the US and New Mexico.
It provides a market for our natural gas (NM is a top-10 producing state). This means jobs and revenues.