Obama bolsters oil recovery efforts with’sustainable’ policy change
While a few of Trump’s campaign pledges are unlikely to come into effect immediately, one of the more striking is the president’s promise to boost oil and gas production while helping to address carbon emissions.
This is a plan to pump $8 trillion in shale oil and gas production into American soil – the majority of it going to supply an additional 18 million barrels per day in 2017, according to the Energy Information Administration. These projects are already underway across a number of shale-heavy states, such as California, Texas and Colorado.
The proposal would bring more than $8 trillion of investment to oil fields and pipelines in 2016 alone, far exceeding the amount of infrastructure Trump has pledged to develop.
These proposed investments would also add significant carbon to the atmosphere in the process, potentially leading to a doubling of global warming by the middle of the century.
Trump has expressed some concern about fracking, which he said “has the potential to 마이다스카지노release tons of chemicals that could cause harm,” but this is unlikely to be part of his energy and environment agenda.
Meanwhile, efforts to build new pipelines are gaining traction in the Senate, where Republican Senator Rand Paul has introduced a bill 제천출장안마that would make it easier to drill deeper on the Gulf of Mexico. Trump has made energy security a cornerstone of his administration, so the president, if he signs such a bill, is also likely to give a lot more encouragement to oil and gas companies.
“There’s been a lot of attention paid to Keystone XL, [Trump] has taken a very, very narrow view on the issue, as I understand it,” said David Kupelian, an energy economist at the Brookings Institution. “He’s still committed to doing Keystone XL in a way that would allow pipelines, as Keystone XL doesn’t carry anything as large as a truck load, so he wants to maintain some sort of relationship with the industry, and I think he’s going to have a different view from the industry.”
The president’s campaign website calls for “carpetbagging” in reg더킹 카지노ards to foreign trade, and to build an energy infrastructure that will create jobs, according to a number of poll numbers released in July.
A recent Economist/YouGov poll found that 61 percent of Americans believe the government should allow oil and natural gas exploration and production “for economic reasons,” but the same poll found that just 43 percent believe U.S. oil production, particularly from the Gulf and elsewhere, should come out of th