This is ridiculous:
[CNN host Kate] Bolduan pressed Ryan on what Congress could do in response to international crisis.
“Well, I think we should move forward on natural gas exports very quickly,” the former GOP vice presidential nominee insisted. “I think we should approve an LNG terminal in the east coast to go to Europe. I think we should approve the Keystone Pipeline. And I think we should show that the U.S. is going to be moving forward on becoming energy independent.”
“Moving forward with the Keystone pipeline!” Bolduan exclaimed. “That development would take years, though, to actually make that happen.”
Ryan argued that the controversial pipeline would be a “signal” to Russia.
Erik Loomis quips:
There’s no question that the one thing that will cower Putin is if Obama decides to pipe some Canadian fossil fuels through Nebraska to Gulf Coast posts.
Ben Adler explains why Keystone would have little effect on Russia:
After conflict between Russia and Ukraine led to supply disruptions in 2006 and 2009, Europe took measures to make itself less vulnerable. Meanwhile, as U.S. natural gas production has soared in recent years, U.S. demand for gas from the international market has shrunk, so even without exporting gas, we’ve been freeing up more of it for Europe. “The U.S. energy boom has already changed the balance of power in Europe away from Russia and to a more balanced posture, even without sending a single molecule of American natural gas over, because it has freed up supplies from places like Qatar and Norway to compete with Gazprom,” says Andrew Holland, senior fellow for energy and climate at the American Security Project, referring to Russia’s state-owned oil and gas company. …
All of this aside, there is still no evidence that Russia would be more respectful of Ukrainian sovereignty if it faced more competition for European gas markets. The main beneficiaries of allowing more exportation of fossil fuels would be the companies that produce those fossil fuels.