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Is The U.S. Close To Achieving ‘Energy Dominance’?

 

If you hadn’t heard, the Trump Administration has declared this week to be “Energy Week”, a week during which the President and his senior officials are focusing on the theme of “U.S. Energy Dominance.” Not “energy independence” or “energy security”, both themes past presidential administrations have focused upon – “energy dominance.”

So, what does it all mean, and can the United States actually achieve it? Good questions. Here are some answers.

First, when President Trump talks about his goal of Energy Dominance, he’s referring to a plan that envisions implementing policies that encourage four major elements:

 • Taking full advantage of America’s amazing abundance of oil, natural gas and coal;

• Increasing exports of all three of those fossil fuels and their related products;

• Relying more on imports of oil from Canada, Mexico and other Western Hemisphere nations, and less on imports from the Middle East and North Africa; and

• Leveraging all of those three elements to enhance U.S. bargaining positions in its foreign policy initiatives.

Right on cue, we saw the President engage in a bit of energy-leveraging during his discussions this week with Indian Prime Minister Narendra Modi, folding India’s growing reliance on U.S. LNG imports into his request for a lessening of the rapidly growing nation’s import tariffs on U.S. goods. We should expect to see the President rely more and more on this sort of leverage as U.S. exports of oil, LNG and coal continue to rapidly grow in coming years. This, more than anything else, is what the President means when he talks about Energy Dominance.

Critics point to the reality that the U.S. currently imports about half of its daily crude oil needs, but they miss the point. This is not a discussion about energy “independence” – the President clearly understands that the U.S. will always be a net importer of crude oil.

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In The Oil Patch Radio Show, Episode 114 – RRC Chairman Christi Craddick

Here’s our latest show featuring Christi Craddick of the Texas Railroad Commission! We also have the Associate editor of SHALE Oil & Gas Business Magazine, David Blackmon on the show to update us on where the price of oil is heading. Enjoy!

Listen to the Podcast Here:
Originally aired on 06/17/2017 – 06/18/2017 Episode 114 of “In The Oil Patch” This week on “In The Oil Patch”: host Kym Bolado and her cohost Alvin Bailey welcome Chairman Christi Craddick to the show.
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In The Oil Patch – David Blackmon (ep. 109)

In The Oil Patch – Episode 109: host Kym Bolado and her cohost Alvin Bailey welcome our associate editor of SHALE Oil & Gas Business Magazine and resident politics/energy expert, David Blackmon back onto the show. This week’s show is completely focused on OPEC and the recent agreement they reached to extend the oil production output cut.

Listen to the Podcast Here

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Jones Act Update: CBP Withdraws Proposed Regulations

On Monday, I wrote about the concerns of the offshore oil and gas industry regarding a set of last-minute Obama-era amendments to the Jones Act, and the failure of most of the Texas congressional delegation to engage on the matter.  The Jones Act is a 19th century law that requires vessels carrying cargoes between U.S. ports to be U.S.-flagged and staffed by U.S. crews.

I won’t repeat the details here, other than that the industry is concerned that finalization of the proposed regulations in question, which would extend Jones Act requirements to include vessels carrying cargoes between U.S. ports and offshore oil and gas rigs and platforms, would result in a lack of needed shipping capacity and create needless delays in offshore development.

This morning, word came from the U.S. Customs and Border Protection Service (CBP), under whose authority the amended regulations were proposed, that it will suspend and reconsider them rather than finalize them, which it had been expected to do any day now:

“Based on the many substantive comments CBP received, both supporting and opposing the proposed action, and CBP’s further research on the issue, we conclude that the Agency’s notice of proposed modification and revocation of the various ruling letters relating to the Jones Act should be reconsidered. Accordingly, CBP is withdrawing its proposed action relating to the modification of HQ 101925 and revision of rulings determining certain articles are vessel equipment under T.D. 49815(4), as set forth in the January 18, 2017 notice. “

 

Read The Rest Here

 

Photo Credit:  Offshorepost.com

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Louisiana Congressional Delegation Whips Texas In Jones Act Dust-Up

Battles tend to be pretty noncompetitive when only one side engages in the fight, and we see that happening right now in a dust-up over a last-minute action taken by former President Obama related to the Jones Act, an archaic 19th century law that mandates that only U.S.-flagged vessels are allowed to carry cargoes from one U.S. port to another.

Some background:  on January 18, just two days prior to leaving office, the Obama Customs and Border Protection (CBP), which has regulatory authority under the Jones Act, issued a regulation that would reverse 40 years of court rulings by extending Jones Act flagging requirements to the various kinds of ships and barges that move equipment between ports and offshore drilling rigs and platforms.  This move, like so many last-minute regulatory actions taken by the past Administration, was placed on a fast track designed to minimize stakeholder engagement that is required under the Administrative Procedures Act.

Had Trump officials not chosen to intervene, the original 30-day public comment period would have expired on Feb. 17, allowing CBP to issue a final rule just 30 days afterwards.  As things stand, the 60-day extension of the comment period expired on April 18, and so CBP could issue a final regulation in the next handful of days.

So, you ask, why is this important?  Well, first because offshore oil and gas producers don’t believe there currently exists an adequate number of U.S.-flagged vessels necessary to service the industry at its current level of activity, which is depressed by historical standards.  And second, because the policy flies in the face of the stated goals of the Trump Administration to increase domestic energy production, largely by the elimination of last-minute Obama-era regulations just like this one.

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Bryan Crabtree Radio Show – Interview on 5.8.2017

I appeared on Bryan Crabtree’s radio program on Monday to talk about President Donald Trump’s impact on energy policy and the oil and gas industry.  Follow the link below to listen in:

Listen Here

 

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Global Energy Panel – The Trump 100

I really enjoyed doing this panel discussion on the impacts on energy policy from President Trump’s first 100 days with Jacki Pick and Dr. Lawrence Fedewa.

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The grades are in and our panel is ready. Join us as Jacki Pick, David Blackmon & Dr. Lawrence Fedewa discuss President Trump’s first 100 days in office.

Listen to the Podcast Here

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Flash Point with Ryan Mills: David Blackmon on Pipeline Activism

Had fun talking about how anti-fossil fuels conflict groups have made the pipeline industry their newest boogeyman target for demonization earlier today with Ryan Mills at @AFPM:

Listen to the Podcast Here

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