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The Trump Administration goes for energy independence with shale O&G and clean coal technology

24 January 2017
Economics&Markets
energynomics

An America First Energy Plan was published on the White House website immediately after the Donald Trump‘s inauguration, on January 20th. Energy is considered “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 maximize the use of American resources, freeing us from dependence on foreign oil”.

The Trump Administration deplores the “burdensome regulations on our energy industry”, and President Trump is committed to eliminating “harmful and unnecessary policies” such as the Climate Action Plan (established in 2008) and the Waters of the U.S. rule. “Lifting these restrictions will greatly help American workers, increasing wages by more than $30 billion over the next 7 years.”

The Trump Administration will embrace the shale oil and gas revolution

The Trump Administration will embrace the shale oil and gas revolution to bring jobs and prosperity to millions of Americans. “We must take advantage of the estimated $50 trillion in untapped shale, oil, and natural gas reserves, especially those on federal lands that the American people own. We will use the revenues from energy production to rebuild our roads, schools, bridges and public infrastructure. Less expensive energy will be a big boost to American agriculture, as well”, considers the White House.

Reviving America’s coal industry

The Trump Administration is also committed to clean coal technology, and to reviving America’s coal industry.

“In addition to being good for our economy, boosting domestic energy production is in America’s national security interest. President Trump is 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”, reads the America First Energy Plan.

“Lastly, our need for energy must go hand-in-hand with responsible stewardship of the environment. Protecting clean air and clean water, conserving our natural habitats, and preserving our natural reserves and resources will remain a high priority.” President Trump announces he will refocus the EPA on its “essential mission of protecting our air and water”.

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