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Trump to declare national energy emergency
Posted on 1/20/25 at 9:53 am
Posted on 1/20/25 at 9:53 am
quote:
President-elect Donald Trump will declare a national energy emergency after his inauguration on Monday to reduce energy costs, an incoming White House official told reporters.
The national energy emergency “will unlock unlock a variety of different authorities” to produce more natural resources, the official said, without providing specifics on which authorities Trump will use. The president-elect has promised to slash energy costs in half within the first year of his administration.
“The national energy emergency is crucial because we are in an AI race with China, and our ability to produce domestic American energy is so crucial such that we can generate the electricity and power that’s needed to stay at the global forefront of technology,” the official told reporters.
Trump is also set to sign an executive order specifically to unleash energy production Alaska, the official said, without providing specifics.
“Alaska is so key for our national security, given its geostrategic location, and it’s a crucial place from which we could export LNG not only to other parts of the United States, but to our friends and allies in the Asia Pacific region,” the official said.
The U.S. has been the largest producer of crude oil in the world for years, outpacing Saudi Arabia and Russia. The CEOs of Exxon and Chevron
have said oil and gas production levels are based on market conditions and are unlikely to increase significantly in response to who is in the White House.
“There’s still some upside,” Chevron CEO Mike Wirth told CNBC’s Brian Sullivan in a Jan. 8 interview. “But probably not growth at the rate that we’ve seen over the last number of years as particularly some of these new shale plays begin to mature,” Wirth said.
Exxon CEO Darren Woods told CNBC that U.S. shale production has not faced “external restrictions” under the Biden administration.
“Certainly we wouldn’t see a change based on a political change but more on an economic environment,” Woods said in a Nov. 1 interview prior to Trump’s election victory. “I don’t think there’s anybody out there that’s developing a business strategy to respond to a political agenda,” he said.
There are areas in the Gulf of Mexico that have not opened up due to federal permitting, Woods said at the time. The Biden administration had planned the fewest oil and gas leases sales in history in a five-year program that runs through 2029.
quote:
There are several emergency statutes Trump could invoke to increase gasoline and electricity supplies, said Glenn Schwartz, director of energy policy at the consulting firm Rapidan Energy. Emergencies are often loosely defined under federal law, giving the president broad discretion to use them as he sees fit, Schwartz said.
And Trump would likely face little pushback from the courts because they are reluctant to challenge presidential determinations related to national security, Schwartz said.
quote:
However, there is little the president can do to force more oil and gas production, Schwartz said.
“You can lead a horse to water, but you can’t make them drink,” the analyst said. “He can give them all the resources they need to be able to drill, but I haven’t seen anything that suggests he can force them to take it out of the ground.”
LINK
Posted on 1/20/25 at 9:56 am to ragincajun03
It’s not just about drilling. The real area that he could make a difference in quickly is peeling back the regs for domestic electricity production.
This impacts everything bigly.
This impacts everything bigly.
Posted on 1/20/25 at 10:02 am to ragincajun03
quote:
The president-elect has promised to slash energy costs in half within the first year of his administration
This definitely isn't going to happen, like most things Trump promises.
Posted on 1/20/25 at 10:04 am to Bonkers119
quote:
This definitely isn't going to happen, like most things Trump promises.
Sorry you can’t go into the ladies bathroom anymore “baw”
Posted on 1/20/25 at 10:04 am to Bonkers119
Bonkers119
We as white liberals need to stand together
We as white liberals need to stand together
Posted on 1/20/25 at 10:04 am to ragincajun03
What am I missing??
What costs so much?
What costs so much?
Posted on 1/20/25 at 10:06 am to Bonkers119
quote:
This definitely isn't going to happen, like most things Trump promises.
What % would you be happy with?
Posted on 1/20/25 at 10:06 am to ragincajun03
quote:
There are areas in the Gulf of Mexico that have not opened up due to federal permitting,
While we are at it…. Let’s fix the issue with Louisiana’s right to receive offshore tax revenue like Texas and Florida receive
Posted on 1/20/25 at 10:08 am to Mushroom1968
quote:
We as white liberals need to stand together
I’m gonna tell Trump you’re planning libj6
Posted on 1/20/25 at 10:11 am to ragincajun03
Does the emergency declaration address getting the SPR back up after Biden depleted it, or does this naturally take place after production of more natural resources like in Alaska?
Posted on 1/20/25 at 10:14 am to ragincajun03
If the federal government can start its own oil company to drill when private companies don't see the investment potential, maybe we can expand production even further. But from a business standpoint, the US energy production sector can't survive at half retail price unless the government subsidizes the loss.
I'd put this in the very large box of "shite Trump says."
I'd put this in the very large box of "shite Trump says."
Posted on 1/20/25 at 10:15 am to ragincajun03
quote:
President-elect Donald Trump will declare a national energy emergency after his inauguration on Monday to reduce energy costs, an incoming White House official told reporters.
This stupid shite...
They'll frick it up.
Posted on 1/20/25 at 10:16 am to TBoy
quote:
If the federal government can start its own oil company
Here come the socialists.
Posted on 1/20/25 at 10:16 am to Bonkers119
And then there are the 4 years of lies biden threw at the American people. I, like majority of Americans. will take The POTUS Donald Trump.
Posted on 1/20/25 at 10:17 am to bayoubengals88
quote:
What am I missing??
Nothing. Its dumb pandering.
These national emergencies get really expensive for the consumer, instead of reducing costs.
When the Dems come back in power, they'll just issue a national climate emergency too.
This post was edited on 1/20/25 at 10:19 am
Posted on 1/20/25 at 10:20 am to RogerTheShrubber
quote:
Here come the socialists.
I'm completely against the government asserting centralized control of business and industry, but Trump and his followers speak as if that is the system here in America.
Posted on 1/20/25 at 10:21 am to Bonkers119
quote:
This definitely isn't going to happen, like most things Trump promises.
It's going to be a long four years for you.
Posted on 1/20/25 at 10:23 am to TBoy
quote:
If the federal government can start its own oil company to drill when private companies don't see the investment potential, maybe we can expand production even further.
Or, government could get the hell out of the way and the climate would be more conducive to investment. Because that’s how that shite works.
Posted on 1/20/25 at 10:30 am to Keltic Tiger
The Oil companies main consideration is keeping the price of oil at it's current level or slightly higher. It is not in their best interest to refine so much as to create a glut on the market that would lower the price of oil. You will not see any relief in the price of gas. Louisiana struggles as it is without the danger of the price of oil being lowered and reducing state tax revenues.
As to reducing costs related to production of natural gas and oil, main consideration is pipeline capacity. Raise your hand if you want a pipeline in your neighborhood. That will be the biggest objection.
As to production of electricity, all forms will have to be considered and used including water, solar, wind and oil.
As to reducing costs related to production of natural gas and oil, main consideration is pipeline capacity. Raise your hand if you want a pipeline in your neighborhood. That will be the biggest objection.
As to production of electricity, all forms will have to be considered and used including water, solar, wind and oil.
Posted on 1/20/25 at 10:31 am to elprez00
quote:
Or, government could get the hell out of the way and the climate would be more conducive to investment. Because that’s how that shite works.
Government is not "in the way." Oil pricing is controlled by international markets, not government. U.S. oil exploration, production and service companies are not going to drill their way to a 50% reduction in the retail price. They would be cutting their own necks. None of this has anything to do with the federal government or some executive order.
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