Posted on 08/05/2017 9:54:34 PM PDT by brownwill6767
The Trump administration has pushed an energy policy based on the notion of American self-sufficiency and energy “dominance.”
(Excerpt) Read more at lockerroom.johnlocke.org ...
Like a boss....
Thanks for posting. Very very interesting.
What says Dr. Howard?
I may be one of few freepers that listened to the entire 59+ minutes. Without 29 years in the oil and gas business, I’d have found the talk hard to follow, not from the content but unrehearsed style that jumps around in context and timeline. Core of the lecture is not energy dominance as title suggests, in fact he disputes the term dominance. The core message is that the US energy policy has reversed course it’s been on since post WWII, and that is a good thing. Prior policy was to protect the international flow of oil and accept ever increasing dependency on imports.
Main takeaways;
Trump policy is economic nationalist, America first, and our foreign policy is to make sure there is no misinterpretation of that home and abroad.
North America, US/Can/Mex can achieve energy independence as a continent in short order and export to Asia and Europe competing with Russia and ME.
OPEC strategy to crush US oil producers by flooding market and killing oil price has failed due to technology advances. They are scared s#!tless over there and may very well try again. SA and the ME is unpredictable in oil market policy and general politics. Volatility is the norm in that part of the world.
Trump message to ME. We are not protecting you anymore unless you start cleaning up your own backyard regarding islamic terrorism. You can take your oil and shove it. Nobody in US politics has had the guts to say that, ever.
Globalist elites are losing it over these policy developments. They hate it. Mainly because they hate the US except for the US funding their developing and undeveloped world social engineering. They are no friend to the US, and that includes US globalists.
Oil and natural gas prices are not going to surge, demand is too stagnant. They look though to be sustainable enough to continue the American energy buildup. The result will be low energy costs to American consumers and business. Everyone wins. There is no shortage of private equity to fund US energy development.
If petroleum extraction technology continues as it has in the last decade, the US will be #1 in the world in oil and natural gas reserves with a 200+ year supply at current consumption rates.
Obama and his minions had nothing but obstacles with regards to US energy development and that was deliberate.
That’s the meat of it. Interesting sidetracks during Q & A. Point worth mentioning is that CA is acting as an independent nation state in open rebellion with regards to energy.
Thank you for the summary. Good job.
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