The new golden era for American energy

The new golden era for American energy

Editorial Staff
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In a speech delivered at the Energy Department, President Trump confirmed his strategy for American energy dominance, announcing increases in oil, gas and coal production, as well as confirming the construction of a new oil pipeline between Mexico and Texas

The United States is pursuing the strategy of “energy dominance” previously announced by U.S. President Donald Trump during the election campaign. In a speech delivered at the U.S. Energy Department on Thursday, June 29, during the Energy Week event, the American President stated: "The golden era of American energy is now underway.” He announced that his Administration is working on plans to expand drilling in the Arctic and Atlantic Ocean. President Trump pointed out that further work will need to be done in order to "unleash" more national resources and remove state regulations that could hinder the USA from attaining global energy dominance. The American President said he felt confident that the country is ready to embark on the path towards energy dominance by exporting petroleum, gas, and coal in markets all around the world and promoting nuclear energy and even renewables like wind and solar power. Also on June 29, the President announced his Administration’s approval of the construction of the New Burgos petroleum pipeline in Mexico, which will have the capacity to carry up to 108,000 barrels of petroleum per day through the U.S.-Mexico border near Peñitas, Texas. President Trump also confirmed his intention to review the restrictive measures imposed by the Obama Administration on energy production, including coal mining, which has increased by around 19% in recent months as the price of natural gas has risen. Speaking at the same Energy Week event, Secretary of the Interior Ryan Zinke stated that increased offshore drilling could generate sufficient revenues to offset an 11.5 billion dollar maintenance backlog in America’s national parks.