President Trump has launched “Energy Week” to highlight the U.S.’s growing global energy dominance.
As ABC News reported, Energy Secretary Rick Perry said Monday the Trump administration is confident officials can “pave the path toward U.S. energy dominance” by exporting oil, gas and coal to worldwide markets, and promoting nuclear energy and even renewables such as wind and solar power.
Trump is touting “energy dominance,” as he calls it, while Perry says Washington has hindered the country’s energy exporting for years, but all that changes under the new administration. Perry says the administration is looking to “help, not hinder” energy producers and job creators.
The president is scheduled to speak on the topic of energy exports Thursday. He will allegedly describe how the foreign sale of U.S. natural gas, oil and coal can help bolster the nation’s global influence and stabilize global markets.
As Bloomberg reported: “The fact that we’re no longer in the age of energy scarcity — that we’re in the age of energy abundance — positions the United States in a totally different place,” said Dave Banks, a special assistant to the president for international energy. “This gives access to affordable, reliable energy in the United States, and gives the U.S. a major competitive advantage.”
Trump is also expected to touch on opportunities for other energy exports, such as U.S.-designed technology that draws energy from the wind and sun. Additionally, the administration could expand opportunities for exporting U.S. energy by seeking to undo an Obama-era ban on the Export-Import Bank financing coal plants overseas.
The current administration has already reversed several regulations that have limited energy production or made it more expensive, including ending a moratorium blocking new coal leases on federal land and overturning a rule regarding coal mining pollution in streams.
In May, Trump announced a reversal of Arctic and Atlantic drilling bans, much to the horror of environmental groups and concerned citizens. And in April, Trump signed an executive order directing the Environmental Protection Agency to review the Clean Power Plan and decide whether to suspend, rescind or revise it.