Author Topic: Trump Launched An Energy Revolution While Everyone Was Obsessing On His Tweets  (Read 504 times)

Offline walkstall

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Trump Launched An Energy Revolution While Everyone Was Obsessing On His Tweets.

                                EDITORIALs


Natural Resources: Last week President Trump announced plans to make the U.S. not just energy independent, but a global energy powerhouse. Too bad everyone was hyperfocused on his tweets.

On Thursday, Trump said he was ushering in a new energy policy that marked an end to decades of fretting about an alleged "energy crisis" brought on by supposed limited domestic supplies and an insatiable demand for fossil fuels.


"We now know that was all a big, beautiful myth," Trump said in remarks at the Department of Energy. "The truth is that we have near-limitless supplies of energy in our country."

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http://www.investors.com/politics/editorials/trumps-big-important-energy-news-gets-lost-in-a-tweetstorm/
A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

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Offline Solar

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I hope it's not just rhetoric, I've been watching to see if he signs any Bills allowing more oil leases on public lands, something that will be a well deserved stake through OPEC's heart, or nuclear plants starting the process of slashing red tape, but most importantly, killing all subsidies to all "green energy".
And if Trump really wants a real legacy? Kill off ethanol once and for good!

Yeah, I heard his speech, but I want results! Talking about it is fine, but I want to see Musk filing for bankruptcy, then and only then will I be certain Trump dried up the govt teat.
#WWG1WGA

Offline Walter Josh

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About 3 decades ago, myself and a colleague, spent more than 10 years in the Persian Gulf energy business.
Then I retired but he moved on to work at the hydraulic fracturing sites in the Dakotas. As we still converse and share many ideas. So a couple of observations:
*"Fracking" is not new, being developed in West Texas some 75 years ago.
* Because of the geological rock/shale mix in virtually all of our north-west, the earth, up to a depth of 30,000 feet, has been acting as a filter/purifier for oil and methane for millions of years. As a result, the quality of their product, makes it the most desire-able/refine-able in the world.
* The Middle East has been drilling and exporting oil since the end of the Great War, 100 years ago. As result their costs are rising and their proven reserves declining; both steadily.
* Henry Ford commissioned Thomas Edison in 1904, both engineers, to assess the cost effectiveness of powering his Model T w/electricity rather than the internal combustion engine. After some 20 months of  analysis and experiment, Edison declared it economically unfeasible. There has been no engineering breakthrough  to challenge Edison's verdict.
We hold an enormous advantage here, if we can see our way to exploit it and stop kissing the rear end of the green weenies who are compulsively illiterate in both the science of energy and its economics.
Wind. solar, tidal and all the rest of their fantasies are just that.

 

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