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The United States is quickly ramping up its exports of liquefied natural gas to record levels.

Expand chart
Data: U.S. Energy Information Administration; Chart: Axios Visuals

Why it matters: The increase, highlighted by the U.S. Energy Information Administration Monday, is a product of the fracking boom over the last decade that has made America the world’s largest producer of natural gas.

Its prices have fallen, sparking a boon for everyone from industrial giants to households that depend on natural gas for electricity, heating and other processes. It’s also raised concerns about fracking and climate change.

Gritty details:

  • This EIA chart shows exports of liquefied natural gas (LNG) that turns the gaseous fuel into a liquid, which allows it to be transported all over the world without pipelines.
  • The export growth mirrors that of American oil, which was made possible when Congress lifted a 40-year-old ban on crude exports. There are laws restricting — but not banning altogether — exports of natural gas.
  • The Obama administration streamlined the federal approval process for these types of exports, and the Trump administration has largely continued that process.

Yes, but:

  • The meteoric growth in LNG exports is staggering, but natural gas exports via pipeline to Mexico and Canada are still much larger.
  • America’s growth in natural gas exports is huge, but the total amount of exports still pales in comparison to the world’s dominant gas exporters, including Russia, Qatar and Australia. America’s exports are measured in billions of cubic feet, whereas these other nations’ exports are measured in the trillions, indicating an order of magnitude of difference.

Go deeper: Energy pioneer tries to ride natural gas wave.

Go deeper

AP: Justice Dept. rescinds "zero tolerance" policy

A young girl waves to onlookers through the fence at the US-Mexico border wall at Friendship Park in San Ysidro, California in Nov. 2018. Photo: Sandy Huffaker/AFP via Getty Images

President Biden's acting Attorney General Monty Wilkinson issued a memo on Tuesday to revoke the Trump administration's "zero tolerance" immigration policy, which separated thousands of migrant children from their families at the U.S.-Mexico border, AP first reported.

Driving the news: A recent report by Justice Department Inspector General Michael Horowitz emphasized the internal chaos at the agency over the implementation of the policy, which resulted in 545 parents separated from their children as of October 2020.

Biden picks up his pen to change the tone on racial equity

Vice President Harris looks on as President Biden signs executives orders related to his racial equity agenda. Photo: Doug Mills-Pool/Getty Images

President Biden is making a down payment on racial equity in a series of executive orders dealing with everything from private prisons to housing discrimination, treatment of Asian Americans and relations with indigenous tribes.

The big picture: Police reform and voting rights legislation will take time to pass in Congress. But with the stroke of his pen, one week into the job Biden is taking steps within his power as he seeks to change the tone on racial justice from former President Trump.

Most Senate Republicans join Rand Paul effort to dismiss Trump's 2nd impeachment trial

Photo: Joshua Roberts-Pool/Getty Images

Forty-five Senate Republicans, including Minority Leader Mitch McConnell, supported an effort to dismiss former President Trump's second impeachment trial.

Why it matters: The vote serves as a precursor to how senators will approach next month's impeachment trial, making it highly unlikely the Senate will vote to convict. The House impeached Trump for a second time for "incitement of insurrection" following events from Jan 6. when a pro-Trump mob stormed the Capitol.