Posted on 03/20/2025 8:19:27 PM PDT by Libloather
President Donald Trump has a multi-faceted plan to restore U.S. energy dominance after four years of the Biden administration giving the fossil fuel industry the cold shoulder, oil executive Mike Sommers told FOX Business on Thursday.
The American Petroleum Institute president and CEO was among the 15 industry leaders present inside a closed-door White House meeting with Trump this week.
He detailed the contents of the talk on "Mornings with Maria."
"The president said we're going to have an opportunity to finally open up some of these federal lands and federal waters that were restricted by the Biden administration. He's going to be fast on getting permits for those LNG terminals, and really focus on making sure that the United States has the energy it needs to power the future, particularly as we see A.I. coming online," he shared.
"We're going to need a lot more energy, and that means a lot more oil and natural gas."
Sommers warned that failing to invest in domestic fossil fuel production could cause the U.S. to lose the A.I. race with China as multiple forms of energy are necessary to keep up the pace and power A.I. data centers.
(Excerpt) Read more at foxbusiness.com ...
That meanie Trump! Who does he think he is? The President of the United States?
So much winning.
I’ll be happy to see more V8 engines out of the Big Three.
We haven’t heard much about the Keystone Pipeline that Biden killed. After Biden killed it, I read that the Canadian firms were so disgusted at getting whipsawed that they killed the project in Canada.
A heads up. Several shale CEOs are passing along the reality of what are called tier 1 and tier 2 properties going empty.
The United States oil production was in relentless decline until about 2009 when interest rates collapsed to zero and therefore the cost of drilling shale oil wells that only produce 1,000 barrels per day on day one and are down about 40% by day 365 . . . Well that became a conceivable investment to make, and so it was made thousands of times and oil production headed up to its current level at about 13 million barrels per day.
The point being, and the words coming out of Trump’s mouth suggest that he was told, you can open up all the lands that you want to open up and you can install all the pipelines you want to install and you may not get continued increases in oil production. Geology does not care about politics.
And another matter, LNG. You cannot make LNG if you do not have natural gas, and if you have natural gas you’re probably going to have to burn it to make electricity for those AI data centers. The only reason to freeze that gas down to LNG levels is to export it, and the data centers may not allow exporting. Their consumption of electricity, created by natural gas, May prevent exporting.
And you go back to coal? Yes you can but the transition from coal to natural gas was never really about climate change. It was about lungs. India and China is still making a lot of electricity with coal, because coal is what they have. Both are transitioning to natural gas for the same reason.
It’s all not infinite.
Sounds great, but has Trump asked for permission from the real boss...some traffic judge in Cleveland?
So can you supply the data centers with electricity from square miles of solar backed by batteries in deserts with brackish water aquifers... on federal lands?
Yup—just kick the lefty kooks out of the way and watch the economy take off...
I did ask GPT questions about projected Data center power consumption and the proportion of that currently from natural gas. We do get power from other sources including nuclear including hydro including solar. But the two big sources were coal and natural gas with movement away from cold towards natural gas to increase its proportion.
We are currently consuming about 1.1 trillion cubic meters of natural gas per year in the US. That number is growing even without the data centers. We are not importing hardly any and that means we are producing 1.1 trillion cubic meters per year.
My recall is GPT projected about a 20% increase in natural gas consumption derived from the AI data centers. This adds to our non AI increase in consumption growth.
That is serious. It is not overwhelming. But it becomes overwhelming if that 1.1 trillion cubic meters produced declines.
All the good engines that USED to be built seem to have failed EPA standards. So now we get what’s left over. There were many good engines that used to be built. Now we get some that are much smaller & from what I’ve heard they are also less efficient in terms of fuel mileage.
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