Charif Souki, the “Godfather of LNG,” is calling out the US for not seizing its opportunity as the sole superpower on the planet. Let’s not miss out on this chance to shine!
Get ready to be blown away by Charif Souki, the “godfather of LNG,” who led the American effort to become the world leader in the production of liquified natural gas a decade ago. According to him, Russia’s invasion of Ukraine sparked an international energy crisis and gave the United States the chance to establish itself as the “energy superpower.”
That’s right, folks! We are now an energy superpower, and this is the basic development that has occurred but has not yet been accepted in the United States by either social elites or the general public. You could possibly say against “the” power power.
Souki, a former Wall Street banker, restaurateur, and CEO of Cheniere Energy, one of the “big three” LNG producers, was born in Egypt and raised in Lebanon. In just ten years, the United States—the largest importer of hydrocarbons in the world—became the largest exporter.
But wait, there’s more! Souki, who is currently the CEO of Tellurian Investments, a Houston, Texas-based natural oil company, claimed that political issues rather than specific policy are at the center of Congress’s energy debates on April 20.
He told CSIS Energy Security & Climate Change Program Director Joseph Majkut, “We’ve seen the re-industrialization of America just because our power is cheaper than anywhere else.”
Are you ready for the future of energy? The Biden administration is leading a $2 trillion transition to green renewable energy sources to achieve 100% carbon-free electricity generation in the United States by 2035. Two bills, the Bipartisan Infrastructure Law (2021) and the Inflation Reduction Act (2022), are driving this effort with grants and tax credits to encourage investments in renewables that House Republicans claim are intended to lessen, if not end, oil and gas development.
But according to Souki, consumers—whether they live in a community, business, or nation—don’t make energy decisions based on policy but rather on price, and this “fundamental” will remain constant regardless of whether energy is produced by oil, gas, solar energy, wind, nuclear power, hydrogen, etc.
So what’s the solution? Making legislation that upholds the fundamentals is the responsibility of policymakers, he said. “Plan choices may have an impact on how people are going to make these projects.” We are currently witnessing America’s re-industrialization for a number of factors that make us feel pretty at ease and allow us to think less.
But wait, there’s more! According to Souki, there is no “green energy transition” at the moment—using the word “transition” essentially confuses the issue—which is the “central issue” in the disconnect between policy debates in Congress and reality.
The objective of U.S. policymakers should not be to choose between oils and solar, but rather to reduce energy costs by investing in and encouraging “everything” that may generate energy, he said, including through BIL and IRA services.
Are you ready to learn more? Keep reading to find out what Souki has to say about Europe’s energy crisis and the future of energy demand.
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