EU signals desperation to avoid trade war with Trump, desire to buy American gas



President-elect Donald Trump is still months away from taking office, yet the European Union already appears desperate to cut a deal with him.

Ursula von der Leyen, president of the European Commission, addressed members of the European Council in Budapest, Hungary, Friday, signaling a desire to avoid a trade war with the United States and to switch from Russian to American gas.

When asked how she intends to negotiate with Trump on trade, Leyen answered, "I think first of all: Engage. Very important what we have started yesterday."

Leyen was referencing her phone call with Trump Thursday, where she apparently congratulated him on his landslide electoral victory. The German politician noted on X that they discussed defense, Ukraine, trade, and energy.

"Secondly, discuss about common interests. And there are common interests that we have," continued Leyen. "Then go into negotiations."

'They are going to have to pay a big price.'

Leyen said that liquid natural gas was among the common interests she briefly discussed with Trump this week, noting that Europe still gets "a lot of LNG via Russia, from Russia."

According to the Institute for Energy Economics and Financial Analysis, in the first half of 2024, Europe sourced 48% of its LNG imports from U.S., 16% from Russia, 11% from Algeria, 10% from Qatar, and 4% from Nigeria and Norway.

"Why not replace it by American LNG, which is cheaper for us and brings down our energy prices?" said Leyen. "It's something where we can get into a discussion, also [where] our trade deficit is concerned."

The U.S. Census Bureau indicated Tuesday that the trade deficit with the EU in September was $23.8 billion, contributing to the year-to-date trade deficit of $173 billion.

Trump indicated in October that the EU would have to "pay a big price" for not buying enough American exports, reported Reuters.

"I'll tell you what, the European Union sounds so nice, so lovely, right? All the nice European little countries that get together," said Trump. "They don't take our cars. They don't take our farm products. They sell millions and millions of cars in the United States. No, no, no, they are going to have to pay a big price."

Politico noted that Leyen's maneuver to dodge the steep tariffs of 10% or more that Trump has threatened by promising to buy LNG is largely political theater granted the European Commission is virtually powerless when it comes to dictating European companies' purchases of gas.

"The EU doesn't buy LNG — there's a global LNG market and LNG buyers have their own contract," Laurent Ruseckas, executive director for gas markets at commodities giant S&P Global, told Politico. "It's certainly possible to do a memorandum of understanding to talk about increasing purchases but ultimately in the past that's been a way to put a political wrapper around something that was delivered by the market. And the EU is buying as much LNG currently as the market needs."

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US energy independence is under threat from a court ruling



Two new energy enterprises in the Port of Brownsville were on the cusp of ushering in a new era of business and industry for the region. Together, they would bring in billions of dollars in investment, provide major infrastructure improvements, and create thousands of jobs.

And they would lead to a domino effect of benefits for the community, such as the $30 million Texas A&M training facility that broke ground at the port this year.

This is not governmental cooperation through agency and legal means. It’s obstructionist.

Both projects received the green light in the federal permitting process, and one had even begun construction.

But then everything came to a screeching halt at the whim of a court in Washington, D.C.

For the sake of the people of South Texas, this unprecedented move — tossing out preapproved permits, including one for a facility that is already under construction — needs to be challenged.

The Rio Grande LNG terminal, projected to be one of the world's largest liquified natural gas export projects, would cost an estimated $18 billion. It is expected to generate 5,000 construction jobs, over 400 permanent positions, and potentially another 3,000 indirect jobs in the local community.

Meanwhile, Texas LNG was finalizing its investment plans to start construction. This project, too, was set to invest billions and create thousands of jobs throughout its construction phase.

The Federal Energy Regulatory Commission had approved permits for both projects. The companies went above and beyond to comply with environmental regulations, even incorporating a carbon capture and storage facility to reduce emissions. Ironically, the court cited these environmental efforts as the reason to revoke their permits. In response, both projects have now abandoned their carbon capture efforts to comply with the court’s demands.

As Charles McConnell, a former official in the Environmental Protection Agency under the Obama administration, wrote, “This is not governmental cooperation through agency and legal means. It’s obstructionist.”

U.S. Sen. Ted Cruz (R-Texas) has urged FERC to appeal a court decision that halted the construction of two major liquefied natural gas terminals. Cruz’s letter to the FERC chairman stressed the need for regulatory clarity to ensure that legal disruptions do not discourage investors from backing future projects that could position America as the world’s leading energy producer.

“If project developers come to believe that federal permits can be overturned due to procedural missteps by the regulator, apart from any actions or fault by the developers, U.S. infrastructure projects will slow and stall,” Cruz wrote.

But for the people of South Texas, this outlandish reversal is a lot more personal. We need more industry and business to help our region flourish. The projects were expanding business access to South Texas significantly. Rio Grande LNG was already in the process of making the channel another 10 feet deeper to make the Port of Brownsville accessible to more ships. With the federal court ruling, all that progress will come to an end — and with it, a golden opportunity to turn South Texas into a hub of prosperity.

It’s easy to get lost in the legal jargon of the permitting process and lawsuits. But what FERC and the courts do has real-world implications for everyone in South Texas. More industry leads to more jobs, and more jobs lead to more opportunities, which in turn would create more opportunities for South Texans to escape poverty.

The new LNG developments could set the region up for success in decades to come — but not if bureaucratic obstructionists continue to stand in the way.

If Kamala Were Committed To American Energy, She’d Lift Her Administration’s LNG Export Ban

'We know no one can believe what Kamala Harris says, so it’s clear that we have to believe her actions like this disastrous LNG pause.'

Biden bans liquid natural gas exports for 'climate-related' reasons, but Ken Paxton says it's retaliation for border battle



Texas is refusing to back down and hand over control of Shelby Park in Eagle Pass, Texas, to federal authorities.

President Biden then banned all new liquid natural gas export approvals, claiming this was a climate-related decision — not a way to retaliate and hurt Texas’ economy.

Texas Attorney General Ken Paxton tells Glenn Beck that he has “no doubt” that this was meant to hurt Texas, not help the climate.

“There’s no doubt in my mind they were probably enjoying the fact that it would hurt the Texas economy, but I also think that’s what the border is about,” Paxton says.

While Paxton believes the long-term goal is to allow immigrants into Texas in order to change the way the red state votes, the rest of what the administration is doing is hurting the Texas economy anyway.

“What they’re doing is bringing people into our state so that we have higher costs. We have law enforcement costs, health care costs, we have education costs, and they know that,” he explains.

“I think they’re doing their best to damage and harm in any way possible, even if it means high crime in the Republican states,” he continues, adding that while it “sounds so conspiratorial,” he can see what they’re doing.

“It’s not like a secret; it’s all out in the open,” he adds.

Glenn is in agreement with Paxton, adding, “This is what a constitutional crisis looks like.”


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Did Biden RETALIATE against Texas with liquid natural gas ban?

Did Biden RETALIATE against Texas with liquid natural gas ban?