BLOG: Oil, Gas Industry Affirms Trump Speech, Job Growth Agenda

BLOG: Oil, Gas Industry Affirms Trump Speech, Job Growth Agenda
Oil and gas advocates say President Donald Trump's Tuesday speech to Congress shows willingness to partner with industry to create jobs, support US economy.

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“From infrastructure and regulatory reform to outdated environmental statutes and bureaucratic mission creep, I look forward to working in partnership with this administration and our states on a better way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

An award-winning journalist, Deon has reported on energy, business and politics for almost 20 years. Email Deon at deon.daugherty@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Deon Daugherty
Senior Editor | Rigzone
 -  ConocoPhillips Sells Oil Sands, Gas As... (Mar 29)
 -  Saudi Arabia's Tax Cuts Boost Aramco V... (Mar 28)
 -  Russia Plans $113 Billion Total Spend ... (Mar 28)
 -  Trump's Keystone XL Approval Moves Pip... (Mar 24)
 -  BLOG: Decisions, Decisions - Will OPEC... (Mar 23)


Most Popular Articles

From the Career Center
Jobs that may interest you
Petroleum Engineering Intern
Expertise: Petroleum Engineering|Student / Recent Grad
Location: Houston, TX
 
Administrative Assistant
Expertise: Secretarial or Administrative
Location: Hanover, MD
 
United States Houston: Senior Production Group Leader
Expertise: Logistics Management|Manufacturing Engineering|Supply Chain Management
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $52.96/BBL 1.03%
Light Crude Oil : $50.35/BBL 1.69%
Natural Gas : $3.19/MMBtu 0.63%
Updated in last 24 hours