Description
5 pages, APA style. “action taken”= executive orders, proposed legislation, changes in regulations through the power of respective position.
Donald Trump’s plans for energy, Liquid Natural Gas (LNG) industry and Oil and Gas industry
a. his views on oil and gas and LNG
b. business connection with oil and gas and LNG businesses or respective CEOs
Rick Perry energy secretary for US
a. current actions or actions taken on oil and gas and LNG
b. planned actions for oil and gas and LNG
c. view on LNG industry
d. actions taken or to be taken for or against LNG industry
Explanation & Answer
Attached.
Running head: US OIL AND GAS POLICIES
Donald Trump and Rick Perry’s plan for the energy industry
Names:
Institution:
1
US OIL AND GAS POLICIES
2
Donald Trump and Rick Perry’s plan for the energy industry
Trump’s views on oil and LNG
President Donald Trump’s policies on oil, gas and liquid natural gas (LNG) are set to
heavily restructure the United States gas and oil industry. In what he calls “de-bottlenecking”
the US gas, Trump is aiming to reduce the current regulations in the oil mining and oil trading
in the US. Trump heavily used the pro-fossil fuel agenda in his campaigns that saw him clinch
the highest US seat (Mikulska & Maher, 2017). If all the promises are to come into place,
then the United States could in no doubt see a revolution in its oil and gas sector. As was
experienced in the boom that happened as a result of a loosening of the oil and gas policies by
the recent Obama administration, it is expected that Trump’s policies could further accelerate
the boom if they all come into play. In fact, the sentiments are held not only in the US but also
abroad such as was recently expressed Fatih Birol, who is the International Energy Agency’s
executive director (Domm, 2017). As Biroh projected, these new policies could lead to a
significant drop in the prices of oil both in the US and on an international level, let alone the
huge boost that it will create on the US economy.
That the US oil industry is performing well is unquestionable. As reported by Forbes,
the industry has risen in the recent past to hit an all-time high since 1972 by experiencing an
increase in 85% (Mikulska & Maher, 2017). However, the proposed changes policies by
Trump are likely to instigate an increase in domestic as well as international markets. As
compared to the recent administration, clean power plan (CPP) led to a sizeable elimination of
coal from the energy industry. If Trump’s campaign agendas are fully implemented, this
would see a total waiver of the CPP, which would further open up the market for oil increase.
Additionally, Trump had also reported that he would be seeking to withdraw the US from a
recent pact on carbon emissions signed in 2015 in Paris to curb rising carbon emissions
(Basset,...
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