Tuesday, 28 March 2017

Trump Pulls a Crazy Ivan on US Energy and the EPA

Gregor.us

US energy production from all sources rose under President Obama by the largest amount in forty years. Coal production, whose fate has long been in the hands of Chinese demand, fell. But oil production and natural gas production soared so high they helped lift US output above its long term oscillation around 70 quadrillion btu, to above 85 trillion btu. Much of this surplus production was liberated too, by the Obama administration. Crude oil and increasing volumes of LNG now set sail from American shores. Because the US now utilizes so much of its own natural gas, and wind and solar, the net dependency on foreign imported energy has fallen also, dramatically, from 24% when Obama took office to 12% last year. In short, the march towards American energy self-reliance is fully underway.
But not according to Donald Trump, who’s about to pull a Crazy Ivan by gutting EPA regulations so that US energy production can finally be set free, from the punishing, punitive constraints of the Obama Administration! | see: US Total Production of Energy from all sources in Quadrillion btu 1950-2016 (2009-2016 in red).

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