Energy is 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.
For too long, we’ve been held back by burdensome regulations on our energy industry. President Trump is committed to eliminating harmful and unnecessary policies such as the Climate Action Plan 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.
Sound energy policy begins with the recognition that we have vast untapped domestic energy reserves right here in America. The Trump Administration will embrace the shale oil and gas revolution to bring jobs and prosperity to millions of Americans. (does he have no understanding of energy market?) 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. (does he not know the havoc in ND during Bakken BOOM!, the many Bakken BOOM! train explosions, pollution, and deaths? And he’d allow corporations to take OUR land?) We will use the revenues from energy production (a production tax increase?) to rebuild our roads, schools, bridges and public infrastructure. Less expensive energy will be a big boost to American agriculture, as well.
The Trump Administration is also committed to clean coal technology, and to reviving America’s coal industry, which has been hurting for too long. (again market forces, coal is not least cost, and new coal is way beyond anything market would support. “Clean” coal? Don’t even think about it, it doesn’t exist!)
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.
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 will refocus the EPA on its essential mission of protecting our air and water. (everything I’ve seen and heard from Trump and EPA pick points towards dismantling and defunding EPA. What does this mean?)
A brighter future depends on energy policies that stimulate our economy, ensure our security, and protect our health. Under the Trump Administration’s energy policies, that future can become a reality.
January 23rd, 2017
The Trump regime has published this “Energy Plan.” WHAT? Mitt Romney’s “Energy Plan” wasn’t much, and was grossly misguided, but it at least had SOME substance:
This is something a 5th grader could put together, nothing but blathering and slapped together code words. It shows no thought or understanding of energy in the U.S. today. I mean really, “clean coal” is so dead. During the Bush administration, they put billions in, between tax credits, grants, subsidies at state and federal levels — here’s a DOE announcement from 2006:
The Bush Administration made coal gasification (IGCC) a priority, and even all that lobbying, subsidization, and wishful thinking couldn’t make it happen. Minnesota’s Excelsior Energy’s Mesaba Project is one example of that abject failure (see also www.camp-site.info). Delaware’s NRG coal gasification plant is another (note another NRG coal gasification plant proposed for NY went south too).
Meanwhile, existing coal is not economical, that’s why the older plants are being shut down, not anything to do with “Clean Power Plan,” and instead, that there’s a surplus of electricity and coal plants’ production costs a lot more than other available electric generation. The market says no! How does Trump think he can trump the market? And even if he could, how is that in our interest?
Here’s a map of MISO market — note all the blue on these maps — I love using these as wallpaper, a constant reminder:
Here’s the PJM market map:
And the joint MISO/PJM market map:
Coal cannot compete in the market, even with its outright and embedded regulatory subsidies, even the existing plants. There’s a glut of electricity, has been for a decade now. As Xcel’s Ben Fowkes says, recorded in the Seeking Alpha transcript of the XEL Earnings Call, January 31, 2013.
So I think the economies are in decent shape across all our jurisdictions. Doesn’t necessarily mean it translates to high sales growth. And that’s consistent with our forecast. I mean, we’re not anticipating that we’re going to see a tremendous rebound in sales, even as the economies start to improve. I mean, I think, that’s our new normal, frankly.
So…. drumroll…. Here it is, cut and pasted from the White House site in its entirety (emphasis added in red)(and parenthetical comments):
How clueless can Trump be? Well, we’re seeing… and it’s unbelievable… UNBELIEVABLE!