Market
What will be the impact of the LNG export pause on Louisiana's economy by the end of 2025?
3
Resolution / Starting Odds
Significantly negative • 25%
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Economic reports or analysis from credible sources
Story
Speaker Johnson Reveals Biden's Unawareness of LNG Export Pause in January 2024 Meeting
Jan 18, 2025, 04:09 PM
House Speaker Mike Johnson revealed that during a January 2024 meeting in the Oval Office, President Joe Biden was unaware of an executive order he had signed just three weeks earlier, which paused liquified natural gas (LNG) exports to Europe. Johnson recounted asking Biden about the decision, to which Biden responded that he had not issued such an order. Johnson clarified that the order was signed and was causing significant economic and national security concerns, particularly in Louisiana where export terminals are located. Johnson expressed concern over who was truly running the country, suggesting that Biden did not understand the contents of the documents he was signing. This incident raises questions about the management of Biden's presidency, especially in light of his age and cognitive state.
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