Daily Caller
Cover up of a Department of Energy Study Might Be The Biggest Stain On Biden Admin’s Legacy
From the Daily Caller News Foundation
By David Blackmon
News broke last week that the Biden Department of Energy (DOE), led by former Secretary Jennifer Granholm, was so dedicated to the Biden White House’s efforts to damage the dynamic U.S. LNG export industry that it resorted to covering up a 2023 DOE study which found that growth in exports provide net benefits to the environment and economy.
“The Energy Department has learned that former Secretary Granholm and the Biden White House intentionally buried a lot of data and released a skewed study to discredit the benefits of American LNG,” one DOE source told Nick Pope of the Daily Caller News Foundation.. “[T]he administration intentionally deceived the American public to advance an agenda that harmed American energy security, the environment and American lives.”
And “deceived” is the best word to describe what happened here. When the White House issued an order signed by the administration’s very busy autopen to invoke what was supposed to be a temporary “pause” in permitting of LNG infrastructure, it was done at the behest of far-left climate czar John Podesta, with Granholm’s full buy-in. As I’ve cataloged here in past stories, this cynical “pause” was based on the flimsiest possible rationale, and the “science” supposedly underlying it was easily debunked and fell completely apart over time.
But the ploy moved ahead anyway, with Granholm and her DOE staff ordered to conduct their own study related to the advisability of allowing further growth of the domestic LNG industry. We know now that study already existed but hadn’t reached the hoped-for conclusions.
The two unfounded fears at hand were concerns that rising exports of U.S. LNG would a) cause domestic prices to rise for consumers, and b) would result in higher emissions than alternative energy sources. As the Wall Street Journal notes, a draft of that 2023 study “shows that increased U.S. LNG exports would have negligible effects on domestic prices while modestly reducing global greenhouse gas emissions. The latter is largely because U.S. LNG exports would displace coal in power production and gas exports from other countries such as Russia.”
An energy secretary and climate advisor interested in seeking truth based on science would have made that 2023 study public, and the “pause” would have been a short-lived, temporary thing. Instead, the Biden officials decided to try to bury this inconvenient truth, causing the “pause” to endure right through the final day of the Biden regime with a clear intention of turning it into permanent policy had Kamala Harris and her “summer of joy” campaign managed to prevail on Nov. 5.
Fortunately for the country, voters chose more wisely, and President Trump included ending this deceitful “pause” exercise as part of his Day One agenda. No autopen was involved.
So, the thing is resolved in favor of truth and common sense now, but it is important to understand exactly what was at stake here, exactly how important an industry these Biden officials were trying to freeze in place.
In an interview on Fox News Monday, current Energy Secretary Chris Wright did just that, pointing out that, fifteen years ago, America was “the largest importer of natural gas in the world. Today, we’re the largest exporter.”
He went onto add that, “the Biden administration put a pause on LNG exports 14 months ago, January of 2024, sending a message to the world that maybe the US isn’t going to continue to grow our exports. Think of the extra leverage that gives Russia, the extra fear that gives the Europeans or the Asians that are dying for more American energy.”
Then, Wright supplied the kicker: “They did this in spite of their own study that showed increasing LNG exports would reduce greenhouse gas emissions and have a negligible impact on price.” It was an effort, Wright concludes, to kill what he says is “America’s greatest energy advantage.”
This incident is a stain on the Biden administration and its senior leaders. The stain becomes more indelible when we remember that, when asked by Speaker Mike Johnson why he had signed that order, Joe Biden himself had no memory of doing so, telling Johnson, “I didn’t do that.”
Sadly, we know now there’s a good chance Mr. Biden was telling the speaker the truth. But someone did it, and it’s a travesty.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
From the Daily Caller News Foundation
Billionaire Michael Dell and his wife, Susan, announced Monday that they will give 25 million American children a $250 deposit as an initial boost to President Donald Trump’s new investment program for children.
The Dells’ pledge totals $6.25 billion and will be routed through the Treasury Department. The goal, they say, is to extend access to the federal Invest America program — referred to as “Trump accounts” — established by the One Big Beautiful Bill Act, signed into law by the president in July.
The federal program guarantees a $1,000 federally funded account for every child born from 2025 through 2028, but the Dells’ money will instead cover children 10 years old and younger in ZIP codes where the median household income is under $150,000, according to Bloomberg.
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“What inspired us most was the chance to expand this opportunity to even more children,” the Dells wrote in the press release. “We believe this effort will expand opportunity, strengthen communities, and help more children take ownership of their future.” (RELATED: Trump Media Company To Create Investment Funds With Only ‘America First’ Companies)
Dell, founder and CEO of Dell Technologies with a net worth of about $148 billion, has been one of the most visible corporate leaders championing the Trump accounts. In June, he joined Goldman Sachs CEO David Solomon, Uber CEO Dara Khosrowshahi, and others at a White House roundtable promoting the initiative.
In addition to the new $6.25 billion pledge, Dell Technologies committed to matching the government’s $1,000 contribution for the children of its employees. Other companies, such as Charter Communications, Uber, and Goldman Sachs, have said they are willing to match the government’s contributions when the accounts launch.
“This is not just about what one couple or one foundation or one company can do,” the couple wrote. “It is about what becomes possible when families, employers, philanthropists, and communities all join together to create something transformative.”
Starting July 4, 2026, parents will be able to open one of the accounts and contribute up to $5,000 a year. Employers can put in $2,500 annually without it counting as taxable income.
The money must be invested in low-cost, diversified index funds, and withdrawals are restricted until the child turns 18, when the funds can be used for college, a home down payment, or starting a business. Investment gains inside the account grow tax-free, and taxes are owed only when the money is eventually withdrawn.
The accounts will “afford a generation of children the chance to experience the miracle of compounded growth and set them on a course for prosperity from the very beginning,” according to the Trump administration.
The broader effort was originally spearheaded in 2023 by venture capitalist Brad Gerstner, who launched the nonprofit behind the Invest America concept.
“Starting 2026 & forevermore, every child will directly share in the upside of America! Huge gratitude to Michael & Susan for showing us all what is possible when we come together!” Gerstner wrote on X.
From the Daily Caller News Foundation
The global war business scored record revenues in 2024 amid multiple protracted proxy conflicts across the world, according to a new industry analysis released on Monday.
The top 100 arms manufacturers in the world raked in $679 billion in revenue in 2024, up 5.9% from the year prior, according to a new Stockholm International Peace Research Institute (SIPRI) study. The figure marks the highest ever revenue for manufacturers recorded by SIPRI as the group credits major conflicts for supplying the large appetite for arms around the world.
“The rise in the total arms revenues of the Top 100 in 2024 was mostly due to overall increases in the arms revenues of companies based in Europe and the United States,” SIPRI said in their report. “There were year-on-year increases in all the geographical areas covered by the ranking apart from Asia and Oceania, which saw a slight decrease, largely as a result of a notable drop in the total arms revenues of Chinese companies.”
Notably, Chinese arms manufacturers saw a large drop in reported revenues, declining 10% from 2023 to 2024, according to SIPRI. Just off China’s shores, Japan’s arms industry saw the largest single year-over-year increase in revenue of all regions measured, jumping 40% from 2023 to 2024.
American companies dominate the top of the list, which measures individual companies’ revenue, with Lockheed Martin taking the top spot with $64,650,000,000 of arms revenue in 2024, according to the report. Raytheon Technologies, Northrop Grumman and BAE Systems follow shortly after in revenue,
The Czechoslovak Group recorded the single largest jump in year-on-year revenue from 2023 to 2024, increasing its haul by 193%, according to SIPRI. The increase is largely driven by their crucial role in supplying arms and ammunition to Ukraine.
The Pentagon contracted one of the group’s subsidiaries in August to build a new ammo plant in the U.S. to replenish artillery shell stockpiles drained by U.S. aid to Ukraine.
“In 2024 the growing demand for military equipment around the world, primarily linked to rising geopolitical tensions, accelerated the increase in total Top 100 arms revenues seen in 2023,” the report reads. “More than three quarters of companies in the Top 100 (77 companies) increased their arms revenues in 2024, with 42 reporting at least double-digit percentage growth.”
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