Trump Signs Fracking Memo
(Bloomberg) -- President Donald Trump signed a symbolic memo in support of the fracking sector during a four-rally swing through Pennsylvania, a crucial battleground in Tuesday’s election.
The president issued the memorandum on Saturday, ordering his government to study the effects of “prohibiting, or sharply restricting, the use of hydraulic fracturing and other technologies,” and the national security impact of doing so.
Trump sees full-throated support for fracking as a crucial element in Pennsylvania, where he’s trailing Joe Biden and which would likely clinch the presidency for the Democrat, should he win it.
Biden’s platform is an “economic death sentence for Pennsylvania,” Trump said on Saturday -- repeating an inaccurate claim that Biden plans to ban hydraulic fracturing, or fracking.
The Democrat has said will transition away from fossil fuels, and his campaign is pledging ban new oil and gas permits on public lands and waters.
.@JoeBiden will not ban fracking. That is a fact.
— Kamala Harris (@KamalaHarris) October 8, 2020
Trump signed his order while flying between his second and third rallies of the day. He immediately touted it on Twitter, and exaggerated its impact.
“Moments ago, I signed an order to protect Pennsylvania fracking and block any effort to undermine energy production in your state,” he said. The memorandum doesn’t block anything and instead orders a series of studies.
The American Petroleum Institute welcomed the action in a statement released shortly after the order was released.
“Both Democrats and Republicans recognize the importance of this innovative technology, which supports millions of jobs across the country,” said API President Mike Sommers.
© 2020 Bloomberg L.P.
WHAT DO YOU THINK?
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.
- Brand Finance Ranks Most Valuable, Strongest Oil and Gas Brands
- Canacol Makes New Gas Discovery in Colombia's Magdalena Basin
- Egypt Plans to Meet Summer Fuel Needs with LNG Imports
- FortisBC Denies Gas Greenwashing as Suit Awaits
- Credit Agricole Helps NGP Secure Funds for Fishery-Solar Projects in Taiwan
- Oil and Gas Executives Predict WTI Oil Price
- Industry Protests Proposed Methane Fee Guidelines for O&G Facilities in US
- Exxon, Cnooc Merge Guyana Arbitration Claims Against Chevron
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- USA Oil and Gas Job Figures Jump
- Blockchain Demands Attention in Oil and Gas
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension