Trump Announces 'America First' Energy Plan
"Donald Trump promised sweeping deregulation of U.S. gas, oil and coal production as part of an “America-first energy” plan," reports John W. Miller.
Trump laid out his policy proposal for a sweeping deregulation of the energy industry at a conference in Pittsburgh attended by "1,500 gas-industry executives, managers and salespeople."
According to Miller, "the Republican candidate for president said he would lift restrictions on America's 'untapped energy—some $50 trillion dollars in shale energy, oil reserves and natural gas on federal lands, in addition to hundreds of years of coal energy reserves.'"
To list a few of the examples of projects and investments that have failed in the current regulatory and business environment, "Mr. Trump named an $850 million coal export terminal in Washington, a $3 billion Northwest gas pipeline and a $6.8 billion gas-export terminal as examples of the fossil-fuel projects that have been rejected by regulators or withdrawn by supporters since 2012."
Miller contrasts Trump's campaign promise with the platform of his opponent, Hillary Clinton, and the previous administration of President Barack Obama.