Frank Pallone: “Mr. Speaker, I respect the chairman of our committee so much. The last time he spoke, he said that we need the world…”

“Mr. Speaker, I respect the chairman of our committee so much. The last time he spoke, he said that we need the world energy price to come down. What about the price here in the United States? The price is higher in the rest of the world than it is here, and that is why the rest of the world wants more of our LNG, because it is cheaper for them. What about us, though? Shouldn't we be primarily concerned about Americans and the price here? This bill, in my opinion, is just a giant handout to Big Oil and Gas that enriches our adversaries, primarily China, and forces middle-class families to pay the price with higher home energy bills. The bill removes the requirement that the Department of Energy determine LNG exports to be in the public interest before approving any export applications. The bill assumes that all exports of LNG are automatically in the public interest. I think this is absurd, considering multiple analyses have found that increased LNG exports directly lead to higher natural gas prices here in America. Last year, the Department of Energy's own review was clear: Unfettered gas exports will hurt the American economy. It found that energy costs would go up by more than $100 per year for every individual. At the same time, that is on top of the costs imposed by Republicans' big beautiful or ugly bill.”