Can Trump's Energy-Savvy Cabinet 'Make American Energy Great Again'?

Investors Business Daily ^ | Dec. 13, 2016 6:30 PM ET | Editorial

[expat_panama]

Energy: With a spate of major Cabinet picks, President-elect Donald Trump has made one thing abundantly clear: He intends to make reform of U.S. energy policy a major theme of his administration.

On Tuesday word leaked out that Trump would choose former Texas Gov. Rick Perry as his new Energy Secretary.

Perry, whose economic success as Texas governor speaks for itself, is a terrific pick who'll need very little on-the-job training about what plentiful energy means to real people in the real economy — especially when compared to President Obama's energy secretaries, the UC Berkeley physicist Stephen Chu, who focused largely on global warming...

...Trump's energy Cabinet isn't just about Perry. Trump's selection of Exxon Mobil's highly regarded CEO Rex Tillerson as secretary of state shows just how much he regards energy.

Tillerson has had a ground's-eye view of the dynamics and diplomacy of the global energy business...

...This is shaping up to be the most pro-energy administration in recent history. And that's a very good thing.

Policies now in place under Obama that demonize cheap, plentiful supplies of conventional energy while spending hundreds of billions of dollars subsidizing inefficient "alternative" energy such as wind and solar will likely disappear — or be changed beyond recognition. As for the Paris Agreement on global warming that absurdly calls on the U.S. to reduce its CO2 output by nearly a third by 2030, it will likely be scrapped or ignored, since it's main purpose was to slow the U.S. economy.

As U.S. Sen. Mike Lee of Utah wrote this week at the Heritage Foundation's Daily Signal, "If we want our economy to produce the jobs and wage growth it has in the past, the energy sector is perhaps the best area for the incoming administration to start."

Yep. We couldn't agree more.

[Cobra64]

Newt's view:

http://video.foxnews.com/v/5244389537001/?#sp=show-clips

[FreedomPoster]

Arguably the American economic miracle was built on a foundation of cheap energy and low government regulation. Trump seems to be trying to get us back to both.

[Ethan Clive Osgoode]

Trump's selection of Exxon Mobil's highly regarded CEO Rex Tillerson as secretary of state shows just how much he regards energy.

It could also be a statement of how highly the fortunes of Saudi Arabia are regarded. Since Exxon's joy and happiness depends on the House of Saud, it is unlikely that we will be putting up much resistance when the next Saudi-orchestrated attack on the USA comes.

[Chickensoup]

is this true?

[expat_panama]

 

It's a beautiful Wednesday morning, and it's FOMC Day  Nick Mastrandrea - Market Tea Leaves 1 hour ago  Today is the day that the Fed decides on rate hikes. What could that mean for the markets going forward? Read on to learn more...

Stock index futures traders may not be panicking but the sure look cautious at -0.07% after yesterday's gains of almost a % in mixed volume.  Gold & silver futures are up tho, and silver's coming back up while gold support holds.

Here's the schedule of today's festivities:

7:00 AM MBA Mortgage Index
8:30 AM Retail Sales
8:30 AM Retail Sales ex-auto
8:30 AM PPI
8:30 AM Core PPI
9:15 AM Industrial Production
9:15 AM Capacity Utilization
10:00 AM Business Inventories
10:30 AM Crude Inventories
2:00 PM FOMC Rate Decision

For while we're waking up:

Where Were Trump's Votes? Where Jobs Weren't - Eduardo Porter, NYT
Let's Fill 'New Collar' Jobs That Employers Demand - Ginni Rometty, USA
Those Fed Words Will Finally Come to Something - Caroline Baum, MW
What May Drive Fed's Rate Decision - Michael Marshall, Investor's Business
Some Factors Threatening Trump Rally - Anthony Mirhaydari, Fiscal Times
Why Trump's Unpopularity Might Be Good for Stocks - Mark Hulbert,MW
Rex Tillerson: 'Russian Spy' or Diplomatic Genius? - Irina Slav, OilPrice
The Blinding Hypocrisy of the Protectionists - Mihir Sharma, Bloomberg
Did the ACA Add 20 Million to Insurance Rolls? Not Even - Editorial, IBD

[Ethan Clive Osgoode]

Arguably the American economic miracle was built on a foundation of cheap energy

Then be prepared to kiss a lot of Saudi ass. Energy independence is a better foundation.

[FreedomPoster]

Domestic production increases due to fracking have greatly affected OPEC’s ability to artificially control prices.

[central_va]

Consumer spending does not drive the economy. That is globalist poppy cock propaganda. Four things drive the economy because they create wealth where none existed before - mining, construction, manufacturing and agriculture. The rest of the economy is service related and value added to the original wealth creation.

A healthy oil industry would be a very good thing indeed.

[MNJohnnie]

Wiat a minute. YESTERDAY you were claiming Tilelrson was owned by Russia. Today it is Saudi Arabia.

Are you really this intellectually incompetent?

[MNJohnnie]

Actually pull you head out of your stuck in the 1970s butt for once and stop with the insanely ignorant obnoxious drivel you post. Your commentary is completely divorced from a hint of a notion of a clue of a thought of a fact.

[Ethan Clive Osgoode]

YESTERDAY you were claiming Tilelrson was owned by Russia

Did I? Where was this?

[Ethan Clive Osgoode]

Actually pull you head out of your stuck in the 1970s

Saudi Arabia attacked America in 2001. You don't remember September 11?

[MNJohnnie]

Perhaps I did not make it clear. YOU ARE NOT a “great thinker” as you fantasy. You a dogmatic clown chanting ignorant based slogans. You have utterly no clue at all what you are talking about.

[Ethan Clive Osgoode]

Okay Johnnie. Anything you say.

[MNJohnnie]

https://www.bloomberg.com/news/articles/2016-03-18/from-china-to-switzerland-u-s-crude-oil-exports-go-mainstream

The U.S. Is Exporting Its Oil Everywhere

You have utterly NO clue at all what you are talking about here.

[Ethan Clive Osgoode]

"That said, the U.S. is likely to remain for the foreseeable future a small exporter compared with OPEC giants Saudi Arabia, "

Lol. You're going to celebrate?

[Ethan Clive Osgoode]

YESTERDAY you were claiming Tilelrson was owned by Russia.

So where was this, Johnnie?

[MNJohnnie]

since I have not penetrated the fog of idiocy you wrap yourself in, let me be blunt in the hope rational thought finally penetrates.

You are a clueless moron.

[Ethan Clive Osgoode]

YESTERDAY you were claiming Tilelrson was owned by Russia.

So where was this, Johnnie... or... could it be that you are MAKING IT UP?