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 Trumps first action statement after being sworn into office.
The statement committed Trump to scrapping the Obama governments 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.
Trumps 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 Trumps White House team will begin the rollback of Barack Obamas 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 administrations 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 Canadas 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.
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.
Cracker lives matter.
Goodness. Trump has accomplished more in a day than GW Bush did in 8 years. This is amazing. Keep it going Donald!!!!
Bourbon.
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...
That’s spot on.
Thanx for dusting this lippo group graft from the 1st xlintonista regime
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
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.
When will they actually kickstart this revolution? Time is of the essence.
Trump accomplished more in one day today than any politician could in a year.
my grocery bill for stame stuff has triple during the obama regime.
I’m sitting here wondering if we’re going to see fifty cent gas again....
Understood. Just citing that my daughter in north Texas has experienced promotion in her company due to better prospects for fracking related business.
The Trump effect.....
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