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Oil, Gas Industry Affirms Trump Speech, Job Growth Agenda

Oil, Gas Industry Affirms Trump Speech, Job Growth Agenda thumbnail

While the president stuck close to themes of prosperity and defense in his first speech to Congress, energy leaders praised the address for highlighting efficiency and intent to rollback regulations.

Deon Daugherty
Deon Daugherty, Senior Editor, Rigzone
Senior Editor, Rigzone

“We have undertaken a historic effort to massively reduce job‑crushing regulations: creating a deregulation task force inside of every government agency; imposing a new rule which mandates that for every one new regulation, two old regulations must be eliminated; and stopping a regulation that threatens the future and livelihoods of our great coal miners,” President Donald Trump said to members of both chambers in a primetime broadcast.

House Natural Resources Chairman Rob Bishop, R-Utah, said it’s refreshing to hear from a president who is willing to work with Congress.

“From infrastructure and regulatory reform to outdated environmental statutes and bureaucratic mission creep, I look forward to working in partnership with this administration and our states on a better way forward for the country,” he said.

As the administration begins to unravel regulations and the incumbent uncertainty, said Randall Luthi, president of the National Ocean Industries Association (NOIA), the energy industry can help.

“Not only does a more robust offshore energy industry mean thousands of potential new jobs and billions in new government revenue, it also means lower manufacturing costs, more consumer savings and more energy security,” he said. “In other words, America’s offshore industry provides a platform for inclusive economic growth and security for all Americans.”

But the nation’s offshore industry needs the federal government to act first. Almost 94 percent of the United States’ offshore resources are off limits to oil and gas development, Luthi noted. Unnecessary regulations impinge on business’ ability to produce resources that are accessible.

“Together, and with policies in place that increase, rather than decrease, access to federal offshore areas, we can strengthen our economy, keep energy affordable for American consumers and further our position as the global energy leader,” he said.

RIGZONE



45 Comments on "Oil, Gas Industry Affirms Trump Speech, Job Growth Agenda"

  1. Dooma on Wed, 1st Mar 2017 7:48 pm 

    And I thought my little back water of a country had some dubious environmental policies. Looks like the oil industry has struck orange gold this time. If the whole world (bar Israel and the KSA) already thought America was a bit on the nose lately, this is going to make the US as popular as pork chops at a bar mitzvah.

    It is too bad that marine life cannot bribe senators. But they will be sorely missed when the next offshore disaster occurs. Not if but WHEN.

    May your fish swim in interesting times.

  2. Hubert on Wed, 1st Mar 2017 8:05 pm 

    Idiot country has lost it’s mind.

  3. makati1 on Wed, 1st Mar 2017 8:19 pm 

    Totally agree , Hubert. Totally agree. Insanity rules. The zombies have been let lose. Greed reigns. Waiting for the nuclear-sized crash coming. It will be a doozy!

  4. GregT on Wed, 1st Mar 2017 9:41 pm 

    Daugherty looks just like Saudi King Salman, sans facial hair, and wearing a wig.

    Things that make you go hmmm.

  5. BobInget on Wed, 1st Mar 2017 9:44 pm 

    Breaking news:

    By Adam Entous, Ellen Nakashima and Greg Miller March 1 at 9:35 PM
    Then-Sen. Jeff Sessions (R-Ala.) spoke twice last year with Russia’s ambassador to the United States, Justice Department officials said, encounters he did not disclose when asked about possible contacts between members of President Trump’s campaign and representatives of Moscow during Sessions’s confirmation hearing to become attorney general.

    One of the meetings was a private conversation between Sessions and Russian Ambassador Sergey Kislyak that took place in September in the senator’s office, at the height of what U.S. intelligence officials say was a Russian cyber campaign to upend the U.S. presidential race.

    The previously undisclosed discussions could fuel new congressional calls for the appointment of a special counsel to investigate Russia’s alleged role in the 2016 presidential election. As attorney general, Sessions oversees the Justice Department and the FBI, which have been leading investigations into Russian meddling and any links to Trump’s associates. He has so far resisted calls to recuse himself.

    (Sessions denied in his confirmation hearing that he EVER had contact with any Russian official)

    It really doesn’t matter what they talked about on two occasions.

    At the least, Jeff Sessions needs to recuse himself from further investigations.

  6. BobInget on Wed, 1st Mar 2017 9:55 pm 

    Once DJT’s taxes are opened it should answer the Russian connection once and for all.

    I submit DJT will be struck down by some illness that
    won’t permit him to serve……. himself.

    Future President Pence may be an arch social conservative but reasonably sane, patriotic and not a congenital lier.

  7. makati1 on Wed, 1st Mar 2017 10:02 pm 

    And the American circus just keep getting better and better. The oily news is a waste of time. Mostly lies. ditto for the political shit. Pence is a liar just like the rest of the politicians. How can you tel when a politician is lying? When he opens his/her mouth.

    It is not as if he would be in charge anyway. Trump may be fighting a losing battle, but he is at least trying. And every day he tries, it one day farther from a nuclear war that the Dems want terribly bad. Go Trump! lol

  8. GregT on Wed, 1st Mar 2017 10:16 pm 

    “The previously undisclosed discussions could fuel new congressional calls for the appointment of a special counsel to investigate Russia’s alleged role in the 2016 presidential election.”

    The Russian people did not vote in Trump, Bob, the American people did. Get over it already.

  9. Truth Has A Liberal Bias on Wed, 1st Mar 2017 10:38 pm 

    Hey Greg you fucking retard. The American people did not vote Sessions in. He was appointeted and he had to pass a confirmation hearing in order to be approved. As it turns out he lied to the panel in the hearing. That is perjury. Fuck are you stupid.

  10. makati1 on Wed, 1st Mar 2017 11:49 pm 

    Truth, so a politician lied. What is new about that? Hillary lied every time she opened her mouth for years before the election. She should have been in jail, not running for Prez. Get over it.

  11. GregT on Thu, 2nd Mar 2017 1:50 am 

    Hey Greg you fucking retard. The American people did not vote Sessions in. He was appointeted and he had to pass a confirmation hearing in order to be approved. As it turns out he lied to the panel in the hearing. That is perjury. Fuck are you stupid.”

    Sorry to be so insensitive THALB, and I understand completely how fragile your little ego is, but you really need to grow the fuck up.

  12. Midnight Oil on Thu, 2nd Mar 2017 2:07 am 

    The Trump Wall Street Rally, DOW 50,000, Deficit Ceiling 50 TRILLION $$$, Dismantles the SEC, EPA…Let FREEDOM RING LOL

  13. DerHundistlos on Thu, 2nd Mar 2017 5:22 am 

    Great youTube video titled, “حرب 6 أكتوبر/تشرين”: https://www.youtube.com/watch?v=7i_66W-lqPU

  14. Cloggie on Thu, 2nd Mar 2017 5:28 am 

    Russia is a shabby backwards country with bad table manners.

    But I “love” it anyway, for precisely this reason:

    http://russia-insider.com/en/politics/putin-rallies-troops-eurasia-prepares-take-globalists/ri19053

    Similarly I “love” the hair-piece president-pussy grabber for acknowledging the new post-exceptionalist reality and acting upon it.

  15. sidzepp on Thu, 2nd Mar 2017 8:10 am 

    I imagine Chairman Mao is cringing in his crypt
    http://www.reuters.com/article/us-china-parliament-wealth-idUSKBN1690S2

    All the saber rattling in the world is nothing more than a smokescreen so that those who hold the wealth can acquire more wealth. Call it capitalism, communism, socialism, whatever, in is nothing more than semantics.

  16. Apneaman on Thu, 2nd Mar 2017 9:08 am 

    Researchers identify thousands of fracking spills, highlight why data is critical to prevention

    http://scienceblogs.com/thepumphandle/2017/03/01/researchers-identify-thousands-of-fracking-spills-highlight-why-data-is-critical-to-prevention/

    Getting rid of those pesky regulations is going to create thousands more “mop up” crew jobs. The mop up crews will be working around the clock.

  17. Apneaman on Thu, 2nd Mar 2017 9:11 am 

    Northern hemisphere sees in early spring due to global warming

    Spring is sprung 26 days earlier than a decade ago, causing problems for the natural cycle of plants and wildlife

    https://www.theguardian.com/environment/2017/mar/01/northern-hemisphere-sees-in-early-spring-due-global-warming

  18. penury on Thu, 2nd Mar 2017 10:10 am 

    For all the “experts” who post on politics here just one thing “the election is over” I know the coronation of the queen was cancelled. Boo Hoo. Thye time for the mud slinging and diatribes is over. The preservation of the nation is in peril, political partisanship and acrimony will not solve the bankruptcy (both fiscal and social) which has been encouraged by the “loyal?” opposition is a smokescreen. Grow up and look at the situation for yourself. Hillery lost

  19. Davy on Thu, 2nd Mar 2017 10:39 am 

    Seconded and all in favor say I

  20. GregT on Thu, 2nd Mar 2017 12:26 pm 

    I.

    Time to move on America, and pull together as a team. If you don’t like democracy, there are plenty of other options available.

  21. Anonymous on Thu, 2nd Mar 2017 12:34 pm 

    You mean the option they are using new greg? A permanently entrenched junta of Corporations, military and banks? (With just a little dash of pseudo-democracy on top)

    How is that working out for them, and the world?

  22. Apneaman on Thu, 2nd Mar 2017 1:11 pm 

    penury, did you just fall off a turnip truck? Political mud slinging is never over. After Obama won did the other tribe shut the fuck up and get on with the business of fixing the country? No, some stupid orange cunt reality TV star wasted thousands of hours disturbing the shit by conjuring up a fake birth certificate conspiracy.

    That and more is all team right did for 8 years and now you and others can’t stop whining about mudslinging? Team left did it to GWB for 8 years and team right was more than willing to bring down the country over Bill Clinons blowjobs. It’s what Americans do – win at any and all cost. Y’all just so deeply concerned about the gooderment of the country? Do it for the children? Bla bla bla concern trolling. Worst fucking argument ever.

    You need to come up with something better than that.

    You just don’t like it, but can’t find a rational argument to defend Cheeto and his cancer crew.

    I don’t think you even know why criticisms of Cheeto make you mad – they just do eh? Maybe you’re a fascist and don’t know it? Maybe you’ve changed?

    How do you defend a climate denier without making yourself look like a fucking retard too?

    Impossible.

  23. rockman on Thu, 2nd Mar 2017 1:12 pm 

    Regardless of any changes the new POTUS makes oil/NG production will continue to decline over the next 4 years as long as those prices stay in the same neighborhood as they are today. Just as nothing President Obama did caused the boom we saw in production over the last 8 years.

  24. Apneaman on Thu, 2nd Mar 2017 1:26 pm 

    “A sense of despair”: The mental health cost of unchecked climate change

    ““We see a sense of despair that sets in as inevitably Mother Nature, who we think of as our nurturing force, tells us we’re not going to be able to survive the conditions she’s set for us,” Dr. Lise Van Susteran, a practicing psychiatrist and expert on the dangers of climate change on mental health, told CBS News. ”

    http://www.cbsnews.com/news/despair-mental-health-trauma-cost-unchecked-climate-change/

    It’s a double whammy for climate deniers who must deny to maintain their tribal standing. A big dose of cognitive dissonance on top of that anxiety if they and their families will be the next victims of a AGW shit kicking.

    U.S. Communities Clobbered by $53 Billion in Extreme Weather and Climate Disasters in 2016

    https://www.americanprogress.org/issues/green/news/2017/01/19/296860/u-s-communities-clobbered-by-53-billion-in-extreme-weather-and-climate-disasters-in-2016/

    I’m sure Cheeto and his cancer crew will fix ya up reeeeeeeel good.

    Your in good hands with Alt State

  25. Mark on Thu, 2nd Mar 2017 3:41 pm 

    I agree with Rockman. Most of the remaining oil/NG in the U.S. will stay in the ground until price rises. The industry will welcome weak environmental regs of course, but that by itself won’t start a production boom.

  26. penury on Thu, 2nd Mar 2017 5:00 pm 

    Apneman, No i did not just fall off the turnip truck, so point to the people that Obama appointed who had to go thru this shit. name one/Also I am not concerne3d with the Trump cabinet per se, I am concerned for the hired protesters and the crap which is going on in the streets. Civil disunion and discord does not bode well for the cooperation necessary to form and pass legislation necessary to preserve the functioning of the business of gov. I do not give a furry rodents rear about who won or who lost I care that the entire country is losing because some people have hurt feelings. The lies and distortions of truth being tossed around are making it close to impossible to protect the rights of the citizens. The problems real ones not this garbage need attention and unless both “parties” can grow up and remember why they were elected not just the fact that someones favorite lost, the continued survival of a functioning society is seriously threatened. And yes I did critise Obama, also Bush 2 and Clinton for war crimes, invasion of other countries and the murder of civilian thru the use of drones, and i will do the same if Trump continues these practices.

  27. Apneaman on Thu, 2nd Mar 2017 5:24 pm 

    Pen, what have all the hurt feelings protests accomplished? Nothing either way – they are a fucking joke. Well they probably jacked up the ratings and thus advertising revenue of the right and alt right fake news outlets, so that’s technically something. If someone cared about citizen rights, I don’t see how supporting the new fascist regime helps. Doesn’t matter all that much since most rights for US consumers (formerly citizens) have been legislated away over the last 30 plus years anyway. Coke or Pepsi – you have the right to choose. The entire thing is rotten including all the power players of both tribes. Not one of them gives a fuck about the “citizens”.

  28. Apneaman on Thu, 2nd Mar 2017 5:27 pm 

    For the first time, the Gulf of Mexico didn’t fall below 73° this winter

    “Houston meteorologist Matt Lanza recently noted that a city on the upper Texas coast, Galveston, had been setting a staggering number of high temperature records this winter. About one-fourth of the days saw record highs, so Lanza reached out to the local forecast office of the National Weather Service to see if they had any concerns about thermometer calibration or recent land-use changes at Scholes Field in Galveston, where the temperature is recorded. No, he was told, it has just been that “sort of winter.”

    From the period of November through February, Galveston ended up setting a total of 31 record high temperatures. And it is not like Galveston is a recently thrown-up beach community; the city it has a history that goes back two centuries. It formerly served as the capital of the Republic of Texas, and it has formal meteorological records that date all the way back to 1874.”

    https://arstechnica.com/science/2017/03/a-sizzling-gulf-of-mexico-could-bring-more-spring-storms/

  29. makati1 on Thu, 2nd Mar 2017 6:13 pm 

    The Federal Reserve, privately owned and run, is the most powerful force in the U$ today. Not the government. Not the citizens. Let the Federal Reserve raise interest rates a half percent this month and watch the shit hit the fan. Maybe 1/4% will be enough.

    Distraction is the name of the game. Not facts. Not who won or lost. Not even the paid-to-riot snowflakes in the street or the European immigration hordes. THEY are the distraction.

    How many articles have you read recently about Afghanistan? Iraq? The Ukraine? U$ troops moving into Poland? U$ missile systems moving into South Korea? Syria? Few, if any, I bet. The wars are still happening. The heat is increasing. But you are not supposed to notice. Until the bombs fall on your city in the U$. Go back to sleep. Tech will save you. LMAO

  30. penury on Thu, 2nd Mar 2017 7:07 pm 

    Apneaman I have been protesting since LBJ and as you say nothing has happened I protested in the Civil Rights protests and we like to think we accomplished something. Win some lose something but not protesting is the same as supporting the conditions you abhor.

  31. makati1 on Thu, 2nd Mar 2017 7:13 pm 

    Protesting today has to be done with firearms/pitchforks and rope, not words and signs. Nothing else will change anything. This is NOT the 60s. This is much more serious than color or voting rights. The fate of the U$ hangs in the balance over the next few years. 1st world or 3rd? THAT s the question.

  32. onlooker on Thu, 2nd Mar 2017 7:20 pm 

    That is true Mak, the stakes have never been higher

  33. Anonymous on Thu, 2nd Mar 2017 8:38 pm 

    Rockerman says,

    ” Just as nothing President Obama did caused the boom we saw in production over the last 8 years.”

    LoL!

    Senility getting the better of you eh? For as long as obomber was playing president, you have been heaping non-stop praise on him for boosting uS oil extraction to unprecedented levels, the exact opposite of what you are saying now.

    Too funny…

  34. penury on Thu, 2nd Mar 2017 8:52 pm 

    Makati, most people do not know or believe that the Federal Reserve is neither Federal or a Reserve instead they are a stock holder owned corporation which is licensed by thee U.S. to print money and as part of their remit they have a couple of things to try and manage. During their existence their management has mostly been to debase American fiat. Any organization which tells you that you need 2 [er cent inflation per year should be barred from control of your money. Just for giggles try to figure what your ten thousand dollars will be worth after ten years of two per cent inflation.

  35. makati1 on Thu, 2nd Mar 2017 9:03 pm 

    Penury, you are correct. Most people do not know that the Federal Reserve is their enemy, not their friend and is NOT a government department. I fear they are soon going to find out the hard way. We shall see.

    Meanwhile, ignorance is bliss. The state of too many Americans today. My family included. Only a few see the world clearly. The rest put me down as delusional and senile. The accusation of others on here who are also in denial.

  36. DerHundistlos on Thu, 2nd Mar 2017 9:11 pm 

    Penuary, if you expect those in dissent to President Cheeto’s agenda to be silenced and march in lock step, NEVER.

    I will continue bitching, complaining, and everything else to stop Trump’s and the Republican congress’s War on the Natural World. “Dispose” of the people’s parks to the highest bidder- HELL NO. Repeal the Endangered Species ACT- FUCK NO. Same with any other issue I find repellent.

    By the way, is what you are describing how the other side behaved toward Obama, like during the president’s State of the Union address when a Republican congressman yelled at the president, “You lie”? If this shoe were on the other foot, imagine the response.

  37. makati1 on Thu, 2nd Mar 2017 9:37 pm 

    Derhund, talk will not change anything. Pitchforks and rope with a noose will. Arm chair rioters are worthless.

  38. penury on Thu, 2nd Mar 2017 10:22 pm 

    Just a short answer, I do not expect people to change their views or to walk in lockstep What I would like is civil disagreement. We that is both Ds and Rs I believe would like to live in a nation where just because you disagree with someone you can still continue the dialogue and make certain that the system of government will survive. I have lived in countries where that was not possible and I would prefer not to go back. The Dem party in the U.S is currently not engaged in CIVIL opposition but actions which could create open strife. The last time this nation was so split was 1860 when someone said “A house divided against itself cannot stand” (my apologies to Pres Lincoln for any errors)and I hope never to see that time repeated.

  39. DerHundistlos on Thu, 2nd Mar 2017 10:47 pm 

    Right, Penury, when you accuse 40% of the population of the US, present company included, of, “engaging in actions that could create open strife”, it’s nice to see that you are doing your part to incite strife by circulating lies and innuendo.

  40. makati1 on Thu, 2nd Mar 2017 10:47 pm 

    Penury, sorry to hear that you have been down this road before, but it is overdue in America. Civil war or world war or both. I do not see anything that would indicate a less destructive path in it’s future.

    The American Empire is dying. It will likely try to take the rest of the world down with it. The only way that might be prevented is if it is too enmeshed with the destruction and internal war at home.

    The rest of the world would not morn the U$ demise, no matter what a few uninformed flag wavers may believe. Most would cheer it on. It is well on its way to self destruction.

  41. Apneaman on Fri, 3rd Mar 2017 6:53 am 

    Baby, it’s warm outside: Record temperatures shake up central New York

    http://dailyorange.com/2017/03/baby-its-warm-outside-record-temperatures-shake-up-central-new-york/

  42. Apneaman on Fri, 3rd Mar 2017 6:54 am 

    Sydney weather: Summer confirmed as city’s hottest for days and nights in 157 years

    http://www.smh.com.au/environment/weather/sydney-weather-summer-confirmed-as-citys-hottest-for-days-and-nights-in-157-years-20170228-gunqxk.html

  43. Apneaman on Fri, 3rd Mar 2017 6:55 am 

    So long, normal weather: Toronto just had the warmest February on record

    http://www.cbc.ca/news/canada/toronto/programs/metromorning/february-2017-warmest-on-record-1.4004298

  44. Apneaman on Fri, 3rd Mar 2017 6:58 am 

    One of the Weirdest Weather Months in U.S. History Set 20,000+ Records

    https://weather.com/news/weather/news/weird-weather-march-2012

    Weirdest? Ok, that’s one way to put it.

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