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IPFS News Link • Energy

Trump Tells Oil And Gas Company Execs "You Will Like Me So Much"


Despite three major oil spills earlier this month and increasing popular support against the Dakota Access pipeline, Presidential candidate Donald Trump promised Oil and Gas Company executives that he would end unnecessary regulations and expand American oil and natural gas production. Speaking at the Shale Insight Conference in Pittsburgh, Pennsylvania, Trump promised to expand fossil fuel extraction – namely coal and fracking – and to quicken and facilitate oil and gas infrastructure projects such as interstate pipelines. He told conference attendees, among them the top names in the fossil fuel industry, "You will like me so much" because his agenda essentially mirrors an industry wish-list for US domestic energy policy. Trump also said that he would drastically reduce the number of regulations that energy companies face and would place a "moratorium on new regulations not compelled by Congress or public safety."

Trump also assured industry insiders that new fossil fuel projects, such as pipelines, would not be a problem under his administration, saying that "they'll happen quickly. You'll be amazed how quickly." Though Trump promised to surround himself with "conservation experts" to protect the environment, it is doubtful that he will listen to any such person over industry lobbyists due to his "friendly" relationship with oil and gas company executives. Trump said that he was among friends at the conference, mentioning that he recognized numerous faces. He also mentioned fracking billionaire Harold Hamm several times, naming him as a valuable consultant and implying that Hamm should have a hand in writing future US trade deals. Trump also promised to end the Obama-imposed moratorium on new federal coal leases, saying that Obama's anti-coal positions are bad for "people and for our workers." Ultimately, Trump touted his energy plan as a way to "make America wealthy again" by boosting GDP by $100 billion and creating a significant number of new jobs.


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