NTF Issue Paper: PRESIDENT TRUMP RESTORES ENERGY SANITY

NTF Issue Paper: president24.doc. 10-18.
NEBRASKA TAXPAYERS FOR FREEDOM ISSUE PAPER:
PRESIDENT TRUMP RESTORES ENERGY SANITY.

BACKGROUND. Policies and regulations from the Obama era made it more difficult to develop energy resources on federal lands and bring our energy resources to market, thus driving up prices for consumers and keeping us dependent upon foreign energy sources. His EPA was crippling and destroying energy companies. Immediately after assuming the presidency, President Trump began implementing rules and procedures to alter or reverse many of the Obama Regime bureaucratic regulations that catered to extreme environmentalists, increased dependence on hostile nations, and raised costs for consumers for everything from vehicle fuel to home heating.

PROBLEMS POSED. The Obama Regime clean power plan would have cost up to $39 billion annually and hiked electricity prices in 41 states, including Nebraska, by at least 10%. He would have caused continual double-digit electricity price spikes in most states. That plan would cause coal production to decrease by 242 million tons. The Obama actions would have granted the EPA authority to issue onerous regulatory mandates, instituting a universal policy that would have cost billions of dollars annually, according to an Energy Information Administration analysis. 27 states, including Nebraska, 24 trade associations, 37 rural electric co-ops, and 3 labor unions challenged the Obama plan in federal court. When the federal government decides to meddle with the energy sector, not only is there economic damage, but the military and civil security afforded by a strong energy structure suffers damage. Not only did a congressional bipartisan majority oppose the Obama regs, but the Supreme Court stepped in, staying the Obama plan while it proceeded through the lower courts.

TRUMP ACTIONS. The President immediately withdrew the U.S. from the onerous Paris Climate Accord. Trump executive orders directed the EPA to suspend, revise, or kill 4 actions in the Obama Plan that would stifle our energy industry. Under Trump, the EPA will refrain from setting an ironclad presumptive standard of performance. He directed Att.-Gen. Sessions to seek appropriate court relief over pending lawsuits related to the Obama plan. Trump rescinded Obama Administration agendas that blocked U.S. energy independence. Numerous Trump actions will energize the energy industry. The Department of the Interior will open almost all federal offshore waters for auction to drill. This dept. also has reduced the size of national lands to allow for more drilling. Opening more sea beds for drilling, reduction in Outer Continental Shelf royalties demanded, and rollback of Obama methane emissions rules. Trump has ended about 70 environmental regs, including vehicle fuel economy standards. He lifted the ban on federal leasing for coal production and ended job-killing restrictions on production of oil, natural gas, and shale energy. Ending of the Bureau of Land Management rules on venting and flaring and hydraulic fracturing. The President ordered all agencies within 6 months to conduct a review of current regulations that hurt domestic energy production and to suspend, revise, or eliminate regs not mandated by law. Trump directed federal agencies to use the best available science and economics in regulation analysis, not junk science used by the Obama Regime. He disbanded the interagency working group examining the social cost of greenhouse gases, which Obama created as a sop to his supporters. By ending federal intrusiveness in energy, he is returning authority to the states. Trump signed several pieces of legislation to erase burdensome and expensive regs on energy production inherited from Obama. For every new fed energy regulation, 2 current regs must disappear. His action cleared roadblocks to build the Keystone XL Pipeline. The Presidential order on Keystone XL invited the operator, TransCanada, to reapply for its cross-border permit and directed the U.S. Dept. of State to “take all actions necessary and appropriate to facilitate its expeditious review.” The order further gave State 60 days from receipt of the new application to issue a final decision. He also took action to permit completion of the Dakota Access Pipeline to insure our energy independence. Oil began flowing through DAPL a week after a U.S. Court of Appeals rejected an appeal by the Standing Rock Sioux and Cheyenne River Sioux tribes, and the pipeline began full operation mode a couple of months later. The Standing Rock tribe continues to fight DAPL in the federal courts, its challenges thus far rejected. This pipeline also the target of attacks by eco-terrorists, many arrested and charged by law enforcement officials. Pipelines all constructed with American steel. Rescinded was the Clean Power Plan entirely followed by the administrative process to replace it with new regulations. Trump is doing his best to kill regulations that would increase monthly electric bills by double-digits with little climate improvement. Our President knows that our Founding Fathers understood that independence and security of our new nation depended on domestic industries, and his America First energy policy will help ensure our economic and national security, because OPEC nations have colluded to cause long-term global higher prices for consumer nations. Trump advised U.S. shale producers to continue to invest in new technology and drilling, which has enabled an oil boom. One of the largest mother lodes of natural gas, the Marcellus Shale, could produce the energy equivalent of 87 billion barrels of oil. According to Simmons & Company, Texas by 2020 will produce over 6.5 million barrels daily to become one of the top 5 oil producers worldwide. Congress is working with the President to address the infrastructure and regulatory bottlenecks that prevent pumping crude oil out of the ground, refined and sold to Americans in many forms, from gasoline and oil to plastics and fertilizer. Eliminating harmful and unnecessary policies such as the Climate Action Plan and the Waters of the U.S. rule will increase American wages by more than $30 billion over the next 7 years. 25 states and their attorneys-general had urged the President to repeal the Obama action plan. Trump declares that the natural gas reserves we have in the U.S. could power American energy needs for the next 110 years, and there exists enough crude oil to last for decades. He supports a dramatic escalation of domestic drilling to provide jobs and minimize dependence on foreign cartels. With the price of natural gas continuing to drop, we can gain a tremendous advantage. Instead of arbitrarily picking winners and losers, Trump replacement rules will safeguard jobs and provide time for states to create innovative energy portfolios without spurring the artificial acceleration of alternative energy sources and overburdening our budgets.

FOREIGN ENERGY INITIATIVES. Trump is actively working with our Gulf State allies to develop a cooperative energy relationship as part of U.S. anti-terrorism strategy. He is increasing exports of all fossil fuels and their related products and leveraging oil, natural gas, and coal to enhance U.S. bargaining positions in our foreign policy initiatives. The President engaged in such leveraging during his discussions with Indian Prime Minister Narendra Modi, folding Indian growing reliance on U.S. liquid natural gas imports into his request to lower the rapidly growing Indian import tariffs on U.S. goods. The President and Secretary of State leverage energy into negotiations with Red China, Pakistan, and Russia. Other President Trump energy initiatives, announced during Energy Week, include reviving and expanding nuclear energy, selling more natural gas to South Korea, and approving 2 applications to export additional natural gas from Louisiana.

TRUMP RESULTS. Presidential action will see our Gross Domestic Product growth in 2018 above the estimated 3%. Our economic growth has raised domestic demand for oil, resulting in higher prices for crude and subsequently gas, plastics, and home construction materials. Trump actions will alleviate this situation. Taking advantage of the estimated $50 trillion in untapped shale, oil, and natural gas reserves and a commitment to clean coal technology will aid states like West Virginia and Pennsylvania devastated by the collapse of the coal industry. The Administration efforts to streamline permitting and other approval processes also have helped to ensure that several more LNG export facilities will come online during 2018. One of his new initiatives will fund a national infrastructure program from oil and gas revenues. Revenues gleaned from energy production will rebuild roads, bridges, and rights of way. Less expensive energy will boost our agriculture. President Trump will have achieved energy independence from the OPEC cartel and nations hostile to us, thus helping our national security. Crude oil imports from OPEC reached almost 120 million barrels in January 2017, the month of the Trump inauguration. By October 2017, that number dropped to less than 100 million barrels. His policy is no oil negotiations, no military support. Thanks to expedited permitting at the Department of Commerce, U.S. producers are exporting almost 2 million barrels of domestically- produced crude oil per day, more than several OPEC nations. One main point of the energy discussion is to alter the import mix, so that the U.S. is mainly importing from friendly governments in more stable parts of the world rather than from often hostile governments in the Middle East and North Africa, both extremely unstable regions. Achieving this goal will lessen the incentives for the U.S. to constantly intervene in conflicts and civil wars in those unstable areas. It also will provide the President and his Department of State with greater leverage in the complex and often seemingly intractable negotiations with foreign governments. An energy dominant America means self-reliance. It means a secure nation, free from geopolitical turmoil of other nations who seek to use energy as an economic weapon against us. An energy dominant America will export to markets around the world, increasing our global leadership and influence. Natural gas production in the U.S. will hit record amounts in 2018, and the Energy Dept. expects the country to become a net energy exporter by 2026.

COOL COAL. Coal company executives and miners cheered as Pres. Trump signed an executive order to nullify Obama coal industry restrictions. He made it very clear that he has no intention of keeping Obama commitments that eliminate the coal industry by closing hundreds of coal-fired power plants, freeze construction of new ones, and replace them with inefficient wind and solar farms. Coal sources for consumers will last for 1,000 years in this country.

EASY OIL. Researchers at Rice University in Houston, TX. have estimated in the U.S. 2 trillion barrels of recoverable oil, enough to last for 285 years. Technology has changed so much in the last few years that a Goldman-Sachs study has estimated that by 2019, we could overtake both Saudi Arabia and Russia to become the largest oil producer worldwide.

NUCLEAR. Trump strongly favors nuclear energy and encourages its expanded use.
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. CO2 reductions currently almost 35% below 2005 levels.

SUPPORTERS. Cheerleaders include America’s Power, which lauds the Trump plan to allow states to play a major role in determining which emission reduction standards make sense. Also, the Competitive Enterprise Institute Center for Energy, which regarded the Obama Clean Power Plan as illegal. The Ohio and West Virginia Coal Associations believe the Obama policies stretched the rules. The Heritage Foundation, which complained that the Obama climate rules grossly exceeded the EPA legal authority, supports Trump initiatives.

BLOWBACK. The Trump EPA administrator and his staff have received numerous threats on their lives, and NBC reported that law enforcement formally has investigated at least 70 threats this year, a 50% increase over 2016. Also, the Swamp is difficult to drain. One Trump administrator told an interviewer that he estimated that one-third of the staff at the Department of the Interior headquarters in Washington were disloyal to the Administration and probably an understatement. The whole push for renewable energy appears driven by inflamed leftist motivation, the mistaken belief that global climate change caused by carbon emissions. The most popular source of energy for enviro-radicals is solar panels, investments which take several decades to recoup.

TAKE ACTION NOW. The Trump Administration has reversed a major portion of the Obama energy and environmental policy legacy, and the liberal news media that normally amplifies the rants of anti-fossil fuel groups seems eager to debunk or ignore the Trump initiatives. Contact your representative and 2 senators to support Trump legislation to restore sanity and economic sense to our national energy policies. Email netaxpayers@gmail.com for Capitol Hill contact information.

Research, documentation, and analysis for this issue paper done by Nebraska Taxpayers for Freedom.
This material copyrighted by Nebraska Taxpayers for Freedom, with express prior permission granted for its use by other groups in the NE Conservative Coalition Network. 10-18. C

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