How Could Trump’s Energy Plan Affect Oilfield Jobs
Donald Trump pledged Thursday to push aggressively for more oil drilling if he becomes president, including on federal lands in Alaska. Love him or hate him, his policy might have a drastic impact in oil production if he makes it to the White House.
Here is what Trump has to say about the oil and gas industry. You NEED to read this and share it with your oilfield family.
How can trump’s energy plan impact Oilfield Jobs generation?
Trump said that if elected, he would craft an “America First” energy plan, eliminating oil and gas imports and boosting fossil fuel production by removing Obama administration regulations that he termed “death by a thousand cuts.” Trump’s proposed boost to the oil industry could bring desperately needed Oilfield Jobs to depressed communities. “Under my presidency we’ll accomplish a complete American energy independence. Lots of jobs,” Trump said.
The Republican presidential contender’s agenda, laid out at an oil industry conference on Thursday in North Dakota, could bring desperately needed jobs to depressed communities that have come to depend on the oil drilling industry.
Oil billionaire Harold Hamm, CEO of Continental Resources, came to the stage with some optimism, noting that oil prices have risen to $50 a barrel and that he expects them to top $60 by year’s end. He expects an Oil Jobs Boom to trigger when prices get to $60.
The U.S. consumes about one-fifth of the world’s petroleum. In 2014, 73 percent of the nation’s oil demand was satisfied by U.S. production, according to the U.S. Energy Information Administration.
Trump blamed the Obama administration for regulating the oil industry to a point that profits have become scarce. He promised to take action to allow more offshore oil drilling and drilling on federal lands.
Trump also took aim at the Environmental Protection Agency and promised to repeal Obama regulations aimed at protecting waters and fighting climate change — including striking down carbon limits for power plants and revoking the Paris climate deal.
“In a Trump administration, political activists with extreme agendas will no longer write the rules, because that’s what’s happening now,” Trump said.
There are major changes taking place right now and most changes are in fact in favor of the oil industry. Sure, this is just a start point, but let’s be positive. We have been long waiting for some positive signs, and they signs are here at last. Things are coming together, just as we predicted. It’s not here yet, but it’s coming. Oil price finally reached $50, inventories are dropping, and jobs will soon follow and start recovering. Worst times are over.
…Who knows what future may bring if Trump makes his way to the white house, he seems to be on our side, Trumps America First Energy Plan seems to be exactly what this industry needs. He’s standing behind the oil and gas industry and wants it to rise again. Share this post with your oilfield friends!