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Donald Trump vows to unlock $66 trillion shale oil and gas revolution
The Australian ^ | January 23, 2017 | Graham Lloyd

Posted on 01/23/2017 12:32:21 PM PST by 2ndDivisionVet

US President Donald Trump has pledged to unlock a $US50 trillion ($66 trillion) shale oil and gas revolution and boost development of low emissions coal technology for electricity.

The Energy First plan was outlined as the top priority in President Trump’s first action statement after being sworn into office.

The statement committed Trump to scrapping the Obama government’s Climate Action Plan but did not mention renewable energy or whether the US would remain in the Paris agreement.

It was a full endorsement of the future use of fossil fuels. The Trump plan mirrors debate in Australia over energy security.

The federal government wants to overturn state moratoria on gas exploration.

And Malcolm Turnbull has said Australia should be a world leader in the development and deployment of low emissions coal technology and carbon capture and storage.

Trump’s ambitions are to break US reliance on supplies of oil from the Middle East.

Over the weekend Mr Trump said boosting shale oil and gas production would increase wages by more than $30 billion over the next seven years.

Mr Trump’s White House team will begin the rollback of Barack Obama’s climate action plan by striking down a controversial climate metric called the Social Cost of Carbon.

The social cost formula was used to justify the cost of the Obama administration’s environmental regulations. But the formula has been criticised as opaque and open to manipulation.

Mr Trump is also expected to move soon on issuing the executive order to end the carbon metric, while issuing a second order to remove regulatory roadblocks for approving trans-border pipeline projects such as the Keystone XL project to connect Canada’s oil sands to US refiners in the Gulf of Mexico.

The Energy First statement said energy was an essential part of American life and a staple of the world economy.

“The Trump administration is committed to energy policies that lower costs for hardworking Americans and maximise the use of American resources, freeing us from dependence on foreign oil,” the statement said. “President Trump is committed to eliminating harmful and unnecessary policies such as the Climate Action Plan and the Waters of the US rule,” the statement said.

It said “sound energy policy begins with the recognition that we have vast untapped domestic energy reserves right here in America”.

Mr Trump said he was committed to “achieving energy independence from the OPEC cartel and any nations hostile to our interests.”

“At the same time, we will work with our Gulf allies to develop a positive energy relationship as part of our anti-terrorism strategy,” the energy statement said.

Mr Trump said the energy policy “must go hand-in-hand with responsible stewardship of the environment.”


TOPICS: Business/Economy; Government; Society
KEYWORDS: drillbabydrill; energy; gas; palinwasright; shale; trump
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To: 353FMG

Shell oil is building the plant. In the last year or so the shale drilling has been mostly idle. With this plant rigs will be popping up everywhere here in SW Pennsylvania.


41 posted on 01/23/2017 3:25:42 PM PST by 4yearlurker (Work hard,live free,thank God!)
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To: 4yearlurker

Cracker lives matter.


42 posted on 01/23/2017 4:28:13 PM PST by 353FMG (AMERICA IS ALL THAT TRULY MATTERS)
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To: 2ndDivisionVet

Goodness. Trump has accomplished more in a day than GW Bush did in 8 years. This is amazing. Keep it going Donald!!!!


43 posted on 01/23/2017 4:33:01 PM PST by Senator_Blutarski
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To: Sacajaweau
I'd like to see corn taken out of the picture. It's feed for man and animals.

I'd like to, as well, but as Trump campaigned in Iowa the other way, it is not one I'd hold his feet to the fire over. Can these new ethanol refineries be used to refine anything else?
44 posted on 01/23/2017 6:03:12 PM PST by Dr. Sivana (There is no salvation in politics.)
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To: Dr. Sivana

Bourbon.


45 posted on 01/23/2017 6:21:34 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Dr. Sivana
sell it elsewhere, just get it out of OUR gas
46 posted on 01/23/2017 6:32:54 PM PST by Chode (may the RATS all die of dehydration from crying)
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To: Senator_Blutarski
"Goodness. Trump has accomplished more in a day than GW Bush did in 8 years. This is amazing. Keep it going Donald!!!!"

Can you imagine GHWB ( I know he is mending ), GWB, Bill Clinton ( Hillary too oh my ) and Obama on the Couch watching Fox/CNN/FBN today and watching Trump moving quicker than an SR-71 on afterburner? The facial expressions are probably priceless.

They have got to be absolutely Gob-Smacked, Obama was probably furious and maybe Michelle couldn't stand listening too it and went on her solo(?) Vacay...

47 posted on 01/23/2017 6:38:28 PM PST by taildragger (Do you hear the people singing? The Song of Angry Men!....)
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To: TLI; Liz

That’s spot on.

Thanx for dusting this lippo group graft from the 1st xlintonista regime


48 posted on 01/23/2017 6:39:01 PM PST by thinden
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To: Ancesthntr

Buddys of mine that work in economic development recruiting industries say the multiplier per dollar of new wages for a community is 6 or 7 to 1.

plus that gins up a ton of tax revenue at all levels of gummit.

Win win win


49 posted on 01/23/2017 6:46:50 PM PST by thinden
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To: 2ndDivisionVet

For the last 40 years democraps have used the excuse of 10 years to make a difference to block energy production. We could have transformed the US to an energy powerhouse with secure boarder 30 years ago if only someone had a set of balls. Our birth right was sold for short term graft by republicans and democrats.


50 posted on 01/23/2017 7:26:27 PM PST by wgmalabama (I was for Sessions before the country knew his name,)
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To: 2ndDivisionVet

When will they actually kickstart this revolution? Time is of the essence.


51 posted on 01/23/2017 8:49:59 PM PST by 353FMG (AMERICA IS ALL THAT TRULY MATTERS)
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To: xp38

Trump accomplished more in one day today than any politician could in a year.


52 posted on 01/23/2017 8:54:36 PM PST by Rusty0604 (bc)
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To: marktwain

my grocery bill for stame stuff has triple during the obama regime.


53 posted on 01/24/2017 5:52:09 AM PST by thinden
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To: 2ndDivisionVet

I’m sitting here wondering if we’re going to see fifty cent gas again....


54 posted on 01/24/2017 5:54:05 AM PST by RandallFlagg (Vote for your guns!)
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To: 353FMG

Understood. Just citing that my daughter in north Texas has experienced promotion in her company due to better prospects for fracking related business.


55 posted on 01/24/2017 10:26:23 AM PST by Wneighbor (Deplorable. And we win!)
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To: Wneighbor

The Trump effect.....


56 posted on 01/24/2017 4:36:52 PM PST by july4thfreedomfoundation (Our 8 Year Nightmare Has Ended!)
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