{"id":215939,"date":"2025-01-15T16:01:10","date_gmt":"2025-01-15T16:01:10","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/15\/are-biden-and-trump-at-odds-on-global-energy-strategy-maybe-not-so-much\/"},"modified":"2025-01-15T16:01:10","modified_gmt":"2025-01-15T16:01:10","slug":"are-biden-and-trump-at-odds-on-global-energy-strategy-maybe-not-so-much","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/15\/are-biden-and-trump-at-odds-on-global-energy-strategy-maybe-not-so-much\/","title":{"rendered":"Are Biden and Trump at Odds on Global Energy Strategy? Maybe Not So Much."},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/static01.nyt.com\/images\/2025\/01\/15\/climate\/15cli-biden-global-energy\/15cli-biden-global-energy-facebookJumbo.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Are Biden and Trump at Odds on Global Energy Strategy? Maybe Not So Much.\" title=\"Are Biden and Trump at Odds on Global Energy Strategy? Maybe Not So Much.\" \/><\/div><p> <br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">At their confirmation hearings on Wednesday, the two men in line to oversee the United States\u2019 global energy policies, Senator Marco Rubio and the <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/01\/15\/climate\/chris-wright-energy-secretary-nominee.html\" title=\"\">fossil fuel executive<\/a> Chris Wright, are expected to assail President Biden as overly concerned with climate change.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">According to a spokeswoman, Mr. Wright, who was picked to lead the Department of Energy, will say that Mr. Biden \u201cviewed energy as a liability instead of the immense national asset that it is.\u201d President-elect Trump has pledged to immediately begin rolling back electric-vehicle tax credits and to undo a pause on new permits for gas export terminals.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">But the Biden-Trump split, at least on major policy issues like natural gas exports, battery supply chains and competition with China, may turn out to be more in tone than in deed.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In an interview before the confirmation hearings began, Mr. Biden\u2019s top energy diplomat at the State Department, Geoffrey Pyatt, used similar language to Mr. Wright\u2019s. Energy is \u201ca strategic asset to strengthen our allies\u201d and \u201ca national security attribute,\u201d Mr. Pyatt said, referring in no uncertain terms to fossil fuels. If confirmed as Secretary of State, Mr. Rubio would choose Mr. Pyatt\u2019s replacement.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mr. Pyatt noted that U.S. crude oil production is 70 percent higher than it was 8 years ago and that U.S. exports of liquefied natural gas, which went from near-zero in 2016 to now dominating the global market, are set to double over the course of Mr. Trump\u2019s upcoming term. \u201cThe U.S. is an energy giant,\u201d he said. \u201cWe are energy secure in a way we\u2019ve never been before. We have no dependence remaining on the Middle East from an energy standpoint, which is quite different than where we were a decade or two ago.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Under Mr. Biden\u2019s administration, the United States is currently <a class=\"css-yywogo\" href=\"https:\/\/www.eia.gov\/todayinenergy\/detail.php?id=61545\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">producing more oil than any nation at any time in history<\/a>. It is also the world\u2019s largest producer of gas, and its leading exporter. After Russia\u2019s invasion of Ukraine, Mr. Pyatt, a former ambassador to Ukraine and Greece, spearheaded U.S. efforts to wean Europe from Russian fuels by <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/05\/31\/climate\/greece-europe-natural-gas-lng.html\" title=\"\">replacing them with U.S. gas<\/a>, liquefied and shipped from the Gulf Coast across the Atlantic Ocean.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Pyatt also noted that, in congratulatory calls from Europe and Japan that Mr. Trump received upon winning re-election, there was unsurprising reaffirmation of gas\u2019s key role in trade and mutual security.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The Biden administration\u2019s pause on approving new applications for gas export terminals will almost certainly be reversed by Mr. Trump, but experts said the original move had little bearing on U.S. dominance of the global gas market and any efforts Mr. Trump may make to further increase exports would be met with the reality of uncertain long-term growth in the market as the price of renewables continues to drop around the world.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cGenerally speaking, I think we\u2019re likely to see changes in policy but continuity in energy-market outcomes,\u201d said Jason Bordoff, who leads the Center on Global Energy Policy at Columbia University.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The main difference may well be, Mr. Bordoff said, that the Biden administration couched its energy policies in terms of emissions reduction and climate change, and the Trump administration will more publicly and explicitly allude to gas prices and national security, even if the latter clearly underpinned Mr. Biden\u2019s policies, too.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-4\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Even if Mr. Trump manages to slow growth in the U.S. domestic market for electric vehicles, for instance, he will still be compelled by a fear shard by the Biden administration over China\u2019s dominance in battery supply chains \u201cat a time of growing demand for power for artificial intelligence and data centers,\u201d Mr. Bordoff said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">China currently controls most of the global supply chain for clean energy technologies. More than 90 percent of rare earth mineral processing happens there, as well as more than three-quarters of all battery cell production. Most components of solar and wind power are also dominated by China, though provisions in Mr. Biden\u2019s signature climate legislation, the Inflation Reduction Act, have accelerated U.S. production of late.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-5\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">American investments in <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/07\/11\/climate\/kobold-zambia-copper-ai-mining.html\" title=\"\">battery supply chains and mineral extraction in Africa<\/a> and elsewhere will almost certainly remain in place and may grow, experts say. The U.S. International Development Finance Corporation, which has led efforts to counter China\u2019s control of that sector, was founded by the first Trump administration.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Trump\u2019s new team will have to \u201cfigure out what are the sectors which are probably so far gone that we\u2019re never going to catch up,\u201d said Mr. Pyatt, who questioned the wisdom of politicizing electric vehicles when the rest of the world has already \u201ccast the die\u201d on committing to transitioning away from fossil fuels.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe rest of the world is going to keep going and I think our companies that are globally active have figured that out,\u201d Mr. Pyatt said, adding that he hoped those same companies would be bold enough to tell Mr. Trump, \u201c\u2018Hey, we shouldn\u2019t be walking away from this stuff because this is how we\u2019re going to make money in the future.\u2019\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/01\/15\/climate\/global-energy-biden-trump-natural-gas.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At their confirmation hearings on Wednesday, the two men in line to oversee the United States\u2019 global energy policies, Senator Marco Rubio and the fossil fuel executive Chris Wright, are expected to assail President Biden as overly concerned with climate change. According to a spokeswoman, Mr. Wright, who was picked to lead the Department of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":215940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static01.nyt.com\/images\/2025\/01\/15\/climate\/15cli-biden-global-energy\/15cli-biden-global-energy-facebookJumbo.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[45,2988,170337,170211,25477,377,23784,17434,164053,86565,60845,5519,163262,170338,170339,23203,5624,52,163486],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/215939"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=215939"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/215939\/revisions"}],"predecessor-version":[{"id":215941,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/215939\/revisions\/215941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/215940"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=215939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=215939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=215939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}