Cue Sad Trombone.
Hormuz Closure has countries all over the world bailing on LNG plans.
Also, they’ve realized that the US is no longer a reliable partner, having seen the treacherous, double dealing, and dishonorable way we’ve been threatening, bullying and double crossing our closest allies.
No one wants any part of that. So that cabinet seat that Secretary of Energy and Fracking grifter Chris Wright paid a million dollars for is becoming less valuable every day.
Laughed so damn hard reading this.
U.S. energy firms investing billions of dollars in hulking liquefied natural gas export terminals along the Gulf Coast have capitalized on an insatiable appetite for the fuel from Europe and fast-growing economies in Asia.
Now, the conflict in Iran has many of those customers vowing to go on a permanent diet.
As Asia and Europe grapple with the energy disruption created by the war, countries there are scrambling to pivot away from imported fuels, throwing a wrench into the expansion plans of American energy companies and fossil fuels’ long-term outlook.
In countries where the power crunch is so dire that workweeks have been shortened, factories are closing and government rationing has been imposed, leaders are looking beyond just diversifying where they buy fuel to changing what fuels they use. Governments from Manila to Hanoi are leaning into alternatives that range from expanding coal power to endeavoring to build fleets of nuclear plants to increasing their fleets of electric vehicles, all in pursuit of cutting their foreign imports.
Continue reading “Hormuz was a Rug Pull for MAGA Fossil Fuel Narrative”




