President Trump has greatly changed US energy policies in the direction that supports fossil fuels, but oil and gas companies will be forced to be forced to have a new excavation of Trump's desired excavation. He claims that it is not.
The petroleum industry is excited by Trump's presidential decree aiming to make the management of renewable energy companies difficult and easier the management of petroleum, gas and pipeline businesses. However, he stated that the important issue of whether his policy, one of Trump's central goals, leads to an increase in production of oil and gas is not unless the price rises significantly. The president does not support it.
Mr. Trump's aim is to support petroleum and gas by overwhelming competitors such as wind turbines, electric vehicles, and other low -discharge technologies, alleviating the rules of mining, transporting, and exports. 。 This is a powerful market signal, but it is not enough for companies to “drill, baby, drill”.
“Everybody is a very positive attitude,” said Ron Gusek, President Ron Gusek, an oil field service company. The company's highest executive officer was selected as the top energy Ministry by Trump. “But it's too early to say that it leads to a change in the actual level of activity in North America.”
Executives have stated that excavation and water pressure crushing need to increase the price of petroleum and natural gas, which is the result of Mr. Trump's goal, which will prevent inflation by reducing energy costs. Is incompatible. If the petroleum company is not confident in gaining excessive production fuel, the United States will not try to invest in production that is already approaching the record level.
The more complicated president's efforts to expand domestic production are that the entire industry focuses on suppressing spending than the first term of the president. Wall Street companies once invested in a rapidly grown water pressure crushing company. At present, investors want to support highly profitable businesses.
The price of crude oil and gas companies in the United States fell by about 3 % last week, as crude oil prices were lower than $ 75. On Monday, the index fell further because the crude oil price fell below 1 barrel = $ 73. Natural gas prices often rise in winter, but most of the countries are suffering from extremely cold climate, so it has recently risen.
Nevertheless, there are early signs that the market is responding to Mr. Trump's remarks and some of the orders.
According to Ben Dell, a managing partner at Kinmadde, an energy investment company, expected customers have been more interested in long -term contracts for US gas exports in the United States.
“People want to be at the forefront of US products agreement early to avoid potential tariff threats,” says Dell. His company has a majority of Commonwealth LNG and is waiting for the proposed gas for the federal government's approval. -Mexico Gulf export factory.
Mr. Trump's state -energy state declaration is equivalent to the limits of the Presidential authority to maintain the stiffness of fossil fuel demand, along with other presidential ordinances. This is a major change in the policy of the predecessor, aiming to keep the country away from fuel, which is the main cause of climate change.
On the first day of his inauguration, Mr. Trump instructed the Ministry of Energy to resume the permission of the gas export facility that had been paused, but the Federal judge later to cancel the government. I ordered it. The President also threatened to impose a wide range of trade partners, including Canada and Mexico, a close allies in the United States. (Depending on how such a depicit is shaped, it may have a great destructive effect on the petroleum and gas industry, which is a highly global industry that depends on imported raw materials and fuel).
Trump's results for fossil fuels will be revealed in several months or years. Rather, for the past decade, it reminded me that there are limits to supporting and obstructing various energy sources.
Despite Biden trying to promote the country for more clean alternatives, the production of US oil and gas has increased to a record height under Biden. Mr. Trump's first term, Mr. Trump's “clean and beautiful coal”, could not compete with inexpensive natural gas, which would eventually surpass coal. According to the federal government's data, US coal consumption decreased by more than one -third to Trump's first term.
Mr. Trump's presidential decree has signed a roadmap to make oil and gas production easier and inexpensive, making it more difficult for people to reduce fossil fuel use. Become more expensive.
He ordered federal agencies to suspend leasing and permission to all new wind power projects until a new environmental examination was conducted. Later, the Ministry of Home Office has frozen the approval of new solar cells and other renewable energy projects on public land for 60 days.
Mr. Trump defined a different presidential decree that the energy contains oil, coal, natural gas, nuclear power, geothermal, and hydropower, but clearly excludes wind turbines and solar panels. He also asked government agencies to stop distributing the funds accumulated by Congress for products such as the establishment of a quick charging station along the highway. Law experts have stated that the President cannot stop spending approved by Congress.
However, some green energy investors have already withdrawn. After Trump won the November election, German companies RWE announced that it would reduce expenditures for new projects in the United States that the risk of new offshore power development was increasing.
In the oil and gas industry, Mr. Trump's promise to make the pipeline easier is particularly encouraged by the company, but it is necessary to pass a new bill in the parliament, and the opposition has been opposed to prevent the project. It is likely to take years to realize because of the high possibility of trying to do it. In court.
At present, it is especially difficult to build a pipeline across the state border. Companies have abandoned the construction of long -distance pipelines in the northeast after the initial projects faced a large amount of lawsuits and faced the opposition of state and local authorities.
As a result, there is a limit to the amount of companies that can move natural gas from Apalacia, one of the most abundant gas areas in Japan, and the production in states such as Pennsylvania has been reduced, and local prices have fallen. There is. In places like Boston, hundreds of miles away, gasoline is generally much more expensive.
“We are focusing on a very long -term and permanent reform to be able to build things in a responsible way in the United States,” said Williams' Alan Armstrong's highest executive officer. (CEO) said. The largest natural gas pipeline operating company in Japan.
Brad Plumer has contributed to the report.
