Market
What will be the impact on US-European relations due to the January 2024 LNG export pause by December 31, 2025?
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Resolution / Starting Odds
Relations improve • 25%
Relations worsen • 25%
No significant change • 25%
Other outcome • 25%
Official statements from the US State Department or European Union
Story
Speaker Johnson Claims Biden Unaware of January 2024 Executive Order Pausing LNG Exports to Europe
Jan 18, 2025, 03:03 PM
House Speaker Mike Johnson has claimed that President Joe Biden was unaware of an executive order he signed in January 2024, which paused liquefied natural gas (LNG) exports to Europe. During a one-on-one meeting in the Oval Office, Johnson asked Biden about the rationale behind the order, to which Biden responded that he had not issued such a pause. Johnson insisted that Biden had indeed signed the order three weeks prior, leading to a moment where Biden, according to Johnson, genuinely did not know what he had signed. This revelation has raised concerns about who is actually running the country, as Johnson expressed fear and uncertainty about the situation.
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Relations weakened • 25%
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