The Trust Nest
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    Popular Topics
    • Two men convicted in Pennsylvania mayoral race election fraud case hit with harsher sentences than expected
    • Flaring Iran nuclear crisis provides first major test for pivotal Trump trio
    • Nigerian university sparks outrage as staff check whether female students are wearing bras before exams
    • Iran watches decades-old red lines vanish from view, but Trump still faces a huge risk
    • Nike pushes back Skims launch with Kim Kardashian due to production delays
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting
    The Trust Nest
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy
    • Latest News

    Biden had no idea he signed natural gas export pause, Johnson says

    • January 19, 2025

    House Speaker Mike Johnson, R-La., on Friday recounted a meeting with President Biden from early last year when the president appeared to forget he signed an executive order pausing the export of liquified natural gas (LNG).

    Johnson publicly recalled the story for the first time to Bari Weiss during an episode of her podcast ‘Honestly’ for The Free Press after saying that through his ‘personal observation’ in dealing with Biden, the president ‘has not been in charge for some time.’ Johnson’s story was first reported by the Wall Street Journal in June, though the newspaper’s reporting relied on anonymous sources at the time.

    When Weiss asked Johnson to elaborate on his observations, the speaker began his tale of how Biden’s staff kept brushing off his attempts to schedule a meeting with the president in January 2024 amid ‘big national concerns’ that Johnson said he ‘was losing sleep over.’

    Johnson said that Biden’s staff finally relented after some pressure from the media and invited him to the Oval Office to meet with the president. Johnson, however, said the meeting did not start as expected.

    ‘I show up and I realize it’s actually an ambush ’cause it’s not just me and the president,’ Johnson said. ‘It’s also Kamala Harris, Chuck Schumer, Hakeem, you know, The CIA Director.’

    Johnson said the group began to ‘hot box’ him on Ukraine funding when Biden asked if he could have the room with him, a request that Johnson said left the president’s staff visibly concerned.

    Once Biden and Johnson were alone in the Oval Office, the speaker asked the president about his pause on LNG exports. 

    ‘I cannot answer this from my constituents in Louisiana,’ Johnson recalled telling Biden. ‘Sir, why did you pause LNG exports to Europe? Liquefied natural gas is in great demand by our allies. Why would you do that? Cause you understand we just talked about Ukraine, you understand you are fueling Vladimir Putin’s war machine, because they gotta get their gas from him.’

    Johnson recounted how a stunned Biden replied: ‘I didn’t do that.’

    Biden initiated a pause on new LNG export permits in January 2024, a move which has been widely criticized by the oil community and bipartisan lawmakers in the House.

    Johnson said that when he reminded the president of the executive order he had signed just weeks ago, Biden denied that what he had signed was a pause on LNG.

    Johnson said he argued that the pause would do ‘massive damage to our economy, national security,’ and he even suggested that the president’s secretary print out a copy of the order so that the two of them could read it together.

    ‘He genuinely did not know what he had signed,’ Johnson said. ‘And I walked out of that meeting with fear and loathing because I thought, ‘We are in serious trouble—who is running the country?’ Like, I don’t know who put the paper in front of him, but he didn’t know.’

    Biden’s LNG pause threatens nearly 1 million jobs over the next two decades if the restriction remains in place, according to a study by the National Association of Manufacturers, which Fox News Digital previously reported on.

    The export ban would stifle the U.S. GDP by between $122.5 billion and $215.7 billion in 2044, while between $26.9 billion and $47.7 billion in tax and royalty revenues to federal, state and local governments would be at risk in 2044 if the permit pause persists, the study found.

    President-elect Trump, however, reportedly ‘plans to go strong on the issue’ of LNG exports when he assumes office, sources told Reuters in November.

    Fox News Digital’s Aubrie Spady and Eric Revell contributed to this report.

    Related Topics

    Mike JohnsonJoe BidenHouse Of Representatives PoliticsWhite HouseUS EnergyPolitics

    This post appeared first on FOX NEWS
    Related Topics
    • Featured

    Previous Article
    • Economy

    Fuel tanker truck blast kills at least 70 in Nigeria

    • January 19, 2025
    View Post
    Next Article
    • Latest News

    DAVID MARCUS: China already played us with TikTok. Let’s not make it worse

    • January 19, 2025
    View Post
    Enter Your Information Below To Receive Trading Ideas and Latest News

      Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
      Popular Topics
      • Two men convicted in Pennsylvania mayoral race election fraud case hit with harsher sentences than expected
      • Flaring Iran nuclear crisis provides first major test for pivotal Trump trio
      • Nigerian university sparks outrage as staff check whether female students are wearing bras before exams
      • Iran watches decades-old red lines vanish from view, but Trump still faces a huge risk
      • Nike pushes back Skims launch with Kim Kardashian due to production delays
      • About us
      • Contacts
      • Privacy Policy
      • Terms and Conditions
      • Email Whitelisting
      Copyright © 2025 thetrustnest.com | All Rights Reserved

      Input your search keywords and press Enter.