Trump is preparing new “shale boom” in USA

trump_energy_revolution

45th US president Donald Trump published a plan of 6 primary steps that his administration intends to implement in the first 100 days in power.

It includes “removal of restrictions that kill jobs” in the U.S. energy sector, “including clean coal and shale oil extraction.”

According to Trump, his administration intends to create “millions” of new jobs in these industries. In particular, to lift the ban on shale drilling on federal lands and federal offshore.

In his strategy, published shortly after the election, Trump promises to start an “energy revolution”. According to some experts, it is because of his ties to U.S. oil corporations.

“America possesses more combined coal, oil, and natural gas resources than any other nation on Earth. These resources represent trillions of dollars in economic output and countless American jobs, particularly for the poorest Americans,” stated in the strategy.

“Rather than continuing the current path to undermine and block America’s fossil fuel producers, the Trump Administration will encourage the production of these resources by opening onshore and offshore leasing on federal lands and waters,” said in the strategy.

Leading expert of the National Energy Security Foundation Igor Yushkov says that “Trump is perceived as a person who promotes interests of U.S. oil companies, including ExxonMobil”.

Since the 1970s, oil production in the U.S. reached its highest level in June 2015, amounting to 9.5 million barrels per day. About 5.2 million barrels of this volume amounted to extraction of shale deposits.

Source: finanz.ru