Trump said he’d approve Keystone XL, which was blocked by President Obama.
Advertisement
TRENTON, N.D. When Donald Trump laid out his plan this week to roll back US environmental regulations to boost the ailing energy industry, it raised both the hopes and fears of the American Indians living near the heart of the country’s richest oil fields.
“The federal government is in the way” of energy development, Trump told reporters before the speech.
“Trump sure did cut a deal today, a bad one for American families, offering to trade away protections for the health of our families and a clean energy future just so he could give big oil exactly what they wanted to hear”, he added. “[Also] to the construction jobs, those sorts of things”. “I want it built, but I want a piece of the profits”, he said.
Pumping a lot more oil could make the US less reliant on foreign oil, but it may also renew the oversupply problem that only recently has started to recede.
Safe to say, Donald Trump is pro-oil and anti-regulation. North Dakota had a record 1,523 inactive oil wells at the end of March, the latest date available, according to the state’s Department of Mineral Resources. When pressed for a comment, the American Petroelum Institute pointed to the broad energy platform it’s advocating for whoever takes office, saying only that energy is its primary candidate.
The real estate mogul said he will unleash unrestrained production of oil, coal, natural gas and other energy sources to push the United States toward energy independence.
“We’re going to revoke policies that impose unwarranted restrictions on new drilling technologies”. From an environmental standpoint, my priorities are very simple: clean air and clean water. Now, McCowan said, the number of people needing food stamps has risen 40 percent.
Trump said surging US production came in ” in spite of massive new bureaucratic and political barriers”. This is the first that he promised to scrap it altogether.
In response to Trump’s promise that he would seek more profits from the pipeline, TransCanada spokesman James Millar noted the project would create jobs, offer major contracts to U.S. suppliers and provide tens of millions in taxes for state coffers.
Trump’s advisers, including US Representative Kevin Cramer of North Dakota, have said they suggested Trump examine the role of OPEC in the global oil price slump since 2014, which has contributed to the demise of a handful of smaller US oil companies.
Oil and gas firms across the sector have laid off hundreds of thousands of workers as they struggle to cope with low energy prices brought on by a global crude glut.
Advertisement
Not picking winners and losers: Trump said his energy plan would include nuclear power as well as renewables like wind and solar. The fossil fuel industry also receives billions in government subsidies annually.
