Energy Dominance Is Being Restored Says President Trump

Tom Shepstone
Shepstone Management Company, Inc.


The U.S, in 2017, became a net exporter of natural gas on an annual basis for the first time since 1957. We’ve done same with oil. Call it energy dominance!

Earlier this week, President Trump traveled to Midland, Texas, to deliver a speech on U.S. energy dominance. Think about it! We have gone from an elusive, seemingly wistful, quest to be released from dependence on the Mideast to now going well beyond to a very real situation of world-wide energy dominance. It didn’t seem possible but shale made it happen and President Trump articulated how and why in his speech. Here are the best parts:

President Trump Energy Dominance

I’m thrilled to be here in Midland, Texas, with the extraordinary men and women of Double Eagle Energy. And what a nice welcome. And thank you very much. There’s a lot of big, beautiful rigs behind me.

Thanks to the hardworking citizens like you, the United States of America is now the number one energy superpower anywhere in the world. So, congratulations. That was — it was not that easy, but now it’s getting easier. We’re here today to celebrate your incredible achievements. We’re also here to send a clear message to the zealots, radicals, and extremists trying to shut down your industry and to make America subservient to foreign producers. That won’t happen to this nation again.

It took a long time to be independent. And as long as I’m your President, we will never let anyone put American energy out of business, which is what they’d like to do. We will never again be reliant on hostile foreign suppliers. We will defend your jobs…and we will defend America’s new-found energy independence…

Under the last administration, America’s energy industry was under relentless and unceasing attack. You know that. But the day I took the Oath of Office, we ended the war on American energy and we stopped the far-left assault on American energy workers. Now the assault — you’ve seen what’s going on — it could come again. But I have a very strong feeling you’re not going to have to worry about it. If you do, you’re in big, big trouble.

I withdrew from the one-sided, energy-destroying Paris Climate Accord. It was a disaster. It cost us billions of dollars, and it would have made us a noncompetitive nation.

We cancelled the Obama administration’s job-crushing Clean Power Plan. You know all about that.

I approved the Keystone XL and the Dakota Access pipelines immediately upon assuming office.

We opened up ANWR in Alaska to energy exploration…and reopened…shore areas to oil and gas exploration…

Under the Trump administration, the United States has increased oil production by 3.1 million barrels per day. That’s some number. Never been anything like that number.

For the first time in nearly 70 years, we have become a net energy exporter. And the United States is now the number one producer of oil and natural gas on the face of the Earth.

energy dominance

Graph produced by President Trump’s Council of Economic Advisers (click image for more information)

To ensure we maintain this dominant position long into the future — we will never lose this position — my administration is announcing today that export authorizations for American liquefied natural gas can now be extended through the year 2050…

At the same time, we’re strongly protecting our environment. Air pollution is down significantly since I took office. While other countries are polluting the world’s air and oceans, we will never cease to be a leader in protecting our natural environment. And that’s what’s happening…

Under my administration, the United States will continue to have among the cleanest air and cleanest water anywhere on Earth, and that’s what we have.

Thanks to our pro-American energy policies, we’re also taking jobs and factories away from countries with poor environmental standards, such as China, and bringing jobs back to America where they belong…

Today, I’m taking another bold action to support energy jobs in Texas. In a few moments, I will sign four critical permits, granting approval to vital pipeline and railway infrastructure on our nation’s border. That’s a big deal. This will include two permits allowing the export of Texas crude to Mexico — a giant victory for the workers of this state that you’ve been after for many years…

If these far-left politicians ever get into power, they will demolish not only your industry, but the entire U.S. economy. Their stated agenda includes rejoining the Paris Climate Accord, spending billions and billions of dollars in order to make us non-competitive and seeking an even higher level of restrictions; mandating net-zero carbon emissions — which, frankly, is impossible — for all new homes, offices, and buildings by 2030. Not possible to do. And if you ever did it, it would cost so much that your home would be valueless.

This would cause the cost of construction to skyrocket and effectively end the use of natural gas in homes because it would be an impossible situation. They’re asking for things, just so you understand, that are impossible…

The policies required to implement this extreme agenda would mean the death of American prosperity and the end of the American middle class. It would mean, I think, even worse than that. It would destroy our country. I used to say, “Would become another Venezuela.” Same ideology.

You would become another Venezuela. Venezuela used to be one of the richest in the world, per capita, and period, one of the richest in the world — among the largest oil reserves. Now they don’t have water, they don’t have medicine, they don’t have food. You got a lot of oil; it doesn’t matter. Doesn’t seem to matter. They don’t have anything. And, that can happen to us…

The U.S. energy industry would grind to a halt, and every single energy-producing state would be plunged into a depression. Two million jobs would vanish overnight in just the state of Texas alone. And I think the number is probably, Greg, a lot higher than 2 million. Millions more would disappear in New Mexico and Ohio and Colorado and Pennsylvania.

By imposing these punishing restrictions — and beyond restrictions — the Washington radical-left, crazy Democrats, would also send countless American jobs, factories, industries to China and to other foreign polluting states. They want us to take care of our air, but China doesn’t take care of its air. In all fairness, India doesn’t take care of its air. Russia doesn’t take care of its air. But we do…

Generations of Texas oil workers before you gave every last bit of sweat and heart and grit that they had to build up this country. They loved our country…their pride and devotion helped raise up America’s cities, power our factories, propel our industries, sustain our families, supply our military, and fuel America’s rise into the strongest, wealthiest, and greatest nation the world has ever known…

Now, it’s your turn to help lead our nation to even greater heights. Today, we give thanks for each and every one of you, and we are telling the Washington politicians trying to abolish American energy: Don’t mess with Texas.

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3 thoughts on “Energy Dominance Is Being Restored Says President Trump

  1. In 5 to 10 years time, much of the world may get to witness the astonishing ascendancy of natural gas in the world of energy contribution, with the Appalachian Basin being Ground Zero as the epicenter of this New Reality.

    The latest information emanating from your region’s companies by way of their 2nd quarterly (2020) reports, confirms the paradigm-shattering developments that ensure the continued upending of the current structure of energy related entities (think countries, governing regimes, competing technologies for power generation).

    The fact that Appalachian Basin producers are on the cusp of viably producing product at the $2/mmbtu price point will push aside oil, renewables, oligarchic dynasties, geopolitical realities that have endured for generations.

    A trivial, perhaps, yet telling example will arise as the dirt cheap US LNG floods into Pakistan, India, Myanmar and Bangladesh (to name but a few).
    With the current spot price at the $5 level, nearby LNG from Qatar is struggling to extend long term contracts at the $7/$8 levels currently in place.

    Even the piped gas into Poland, Turkey, and Singapore is being displaced by LNG from the US by way of Floating Storage and Regasification Units (FSRUs).

    Just as the gasoline-deprived residents of Venezuela are converting their cars’ engines to run on propane – which is carried in onboard cylinders – the residents of these Asian countries will have a VERY strong incentive to convert their petrol burning vehicles to run on natgas, with CNG being the main form as adsorbtion (with a ‘d’, not ‘b’) technology is improving at lightening speed.

    Decades hence, folks will look back in wonder at how this stunning transformation came about with such little recognition, let alone deep appreciation.

    Appalachia Rising!

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