Study Highlights Damage of Biden-Harris Proposed LNG Ban

Washington, D.C. - Today, the National Association of Manufacturers released its "Economic Benefits of U.S. LNG Exports" report, highlighting the positive impact American liquified natural gas (LNG) has on the economy, as well as the prospective damage of the Biden-Harris administration's ban on LNG export permits.

The report found that U.S. LNG exports currently support 222,450 jobs, resulting in $23.2 billion in labor income, while adding $43.8 billion of value to the American economy. It also found that the Biden-Harris January 2024 ban on LNG exports, if continued, could cost an estimated 900,000 jobs, $216 billion of economic growth, and cause American communities to lose $48 billion in tax and royalty revenues by 2044.

In July, House Budget Chairman Jodey Arrington (TX-19) led over 50 of his colleagues in a bipartisan call for the White House to expedite approvals of new LNG export permits after a federal judge blocked the administration's ban on new exports.

"Since their first day in office, President Biden and Vice President Harris have launched a unilateral assault on American oil and gas, choking the lifeblood of our economy, crushing consumers with high energy costs, and sending oil production overseas - enriching our adversaries like Russia and China,"said Chairman Arrington in a July statement."Thankfully, the Biden-Harris ban on American LNG export permits was blocked. Yet, their administration is still dragging its heels on approving these permits in an attempt to placate the far-Left. It's critical that the DOE swiftly approve stalled export permit applications to strengthen our economy, bolster our energy security, and restore American energy dominance."

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