Daily Energy Report
Net Zero & LNG, US crude inventory build, Oil traders like options, Asian gas, Copper and shale rush in Argentina, China refiners fuel glut, Taiwan’s LNG vulnerability, India diesel consumption, and m
Chart of the Day: Net Zero Policies to Destroy the US LNG Industry?
Summary
Figure (1) shows BP projected global traded volume of LNG to 2050. It shows an increase under the current trajectory. It also shows what will happen to the global demand for LNG in case countries implement the “Net Zero” Polices by 2050 (The red dotted line).
EOA’s Main Takeaways
The message is clear: “Net Zero” policies will destroy the US LNG industry along with others around the world. The economic and political fallout is so huge that no politician will go for net zero policies, not even AOC!
