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Started By
Message
Trump set to undo Obama damage/war against oil industry
Posted on 11/15/16 at 7:34 am
Posted on 11/15/16 at 7:34 am
expect fb to blow up now 
Libs gonna flip out on this one
Libs gonna flip out on this one
quote:
Trump set to roll back Obama policies on energy, environment
WASHINGTON (AP) — President-elect Donald Trump is considering an oil billionaire and a North Dakota lawmaker for top posts as he moves to roll back President Barack Obama's environmental and energy policies and allow unfettered production of oil, coal and natural gas.
Trump has vowed to rescind "all job-destroying Obama executive actions" and pledges to sharply increase oil and gas drilling on federal lands while opening up offshore drilling in the Atlantic Ocean and other areas where it is blocked.
Topping Trump's to-do list is repealing the Clean Power Plan, Obama's signature effort to limit carbon pollution from coal-fired power plants. The plan — the linchpin of Obama's strategy to fight climate change — is currently on hold awaiting a court ruling.
7
Posted on 11/15/16 at 7:37 am to KeyserSoze999
Long overdue. Good for Trump.
Posted on 11/15/16 at 7:40 am to Mirthomatic
2 days before the election, message came out saying Trump victory full speed ahead to resume drilling. Big oil is doing just that.
Posted on 11/15/16 at 7:40 am to KeyserSoze999
Could be good for LA
Posted on 11/15/16 at 7:41 am to KeyserSoze999
Drill and sell. Bring money back into the country for once.
Posted on 11/15/16 at 7:42 am to KeyserSoze999
The winning...it's almost too much.
Posted on 11/15/16 at 7:42 am to KeyserSoze999
And people will be outraged.
India, China, South America and Russia each make exponentially more pollution than the USA but we have to pretend our regulations will make an impact thus losing jobs for lip service to mother nature.
In no uncertain terms: We could regulate our pollution to zero and it would not stop any world wide pollution-related crisis.
India, China, South America and Russia each make exponentially more pollution than the USA but we have to pretend our regulations will make an impact thus losing jobs for lip service to mother nature.
In no uncertain terms: We could regulate our pollution to zero and it would not stop any world wide pollution-related crisis.
Posted on 11/15/16 at 7:42 am to BigJim
quote:
Could be good for LA
Time to invest in the company that sells truck nuts.
Posted on 11/15/16 at 7:45 am to BigJim
La., America, the world, its the lifeblood of enterprise and the way poor people get fed, the libs want to make it into some sort of evil because of their hate for all things black.
Posted on 11/15/16 at 8:05 am to KeyserSoze999
Would putting this into effect not put downward pressure on oil prices? They just jumped 3 percent in hopes that OPEC would cut output. I'm honestly asking.
This post was edited on 11/15/16 at 8:06 am
Posted on 11/15/16 at 8:13 am to KeyserSoze999
(no message)
This post was edited on 3/5/21 at 3:08 pm
Posted on 11/15/16 at 8:14 am to crazy4lsu
yeah, but how the free market corrects itself is anyone's guess. By freeing up American companies, the saudis could very well reverse themselves and start cutting production themselves. Obama has been anti-American oil, not foreign oil, so his DOJ has put the halt on any M&A activity as well. Some of the oil companies are starting to rally since the Trump election. My hope is that oil would rise and stay in the $50-$60 dollar range.
Posted on 11/15/16 at 8:18 am to KeyserSoze999
I just fail to see how inundating the market with more oil will lead to prices higher than 50.
The Saudi's want to maximize production so Iran doesn't get any market share. That is what is driving their production goals. Until that situation is resolved I don't see how oil prices will rise.
The Saudi's want to maximize production so Iran doesn't get any market share. That is what is driving their production goals. Until that situation is resolved I don't see how oil prices will rise.
Posted on 11/15/16 at 8:27 am to crazy4lsu
Undoing all these regulations is a must but at the end of the day supply and demand is still the driver of drilling. It's a good start however.
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