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https://theconversation.com/trump-is-pushing-allies-to-buy-us-gas-its-bad-economics-and-a-catastrophe-for-the-climate-266792>
"The price of partnership with the United States has changed. Washington is now
using assurances of defence and trade access to pressure allies in Europe and
Asia to buy more of its fossil fuels under decades-long contracts.
The scale is immense. The European Union intends to import up to A$1.15
trillion of US energy – mostly liquefied natural gas (LNG) – by 2028. That
would be more than four times its current imports, though analysts are
sceptical it will eventuate.
Indonesia has signed up for $24 billion in US energy imports and Japan is
exploring a similar option.
These deals aren’t based on free trade. They represent the Trump
administration’s geopolitical play using trade and security carrots and sticks
to lock in long-term fossil fuel profitability and dominance. The goal: prop up
energy sources facing cost pressures from clean technology, strengthen US
control of the energy flows, and shut out China, the world’s top manufacturer
of clean tech.
As Prime Minister Anthony Albanese meets US President Donald Trump this week,
he will face pressure to boost US fortunes – complicated by the fact that
Australia is itself a major LNG exporter."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
