It is a new dawn for the energy industry. During the days approaching his inauguration, President Trump promised a new beginning, a rebirth, if you will, of domestic oil and gas. Increased production with significant returns would pave the way to prosperity and energy dominance. Depending on how it was interpreted, the questions surfaced within different groups regarding the capability. However, if you’re a betting person, the chances of reoccurring are just as good when a chance pays off. President Trump created an energy industry empire for the United States in his previous term, so why can’t he do it again?
The path to achieving this oil and gas utopia has been proposed with good intentions and supporting data. In the days nearing the beginning of President Trump’s second term [during which this letter was written], oil and gas professionals listed potential routes to success. A release of pressure and tensions thrust upon the LNG industry was eyed as a great start to an overall oil and gas boom. By loosening restrictions, an uptick in LNG terminal construction could ensure a positive increase in exports.
During the past four years, the LNG industry has not suffered the wrath of restriction alone. The federal government waived its crippling wand at leasing on federal lands and stifled the Gulf of Mexico’s offshore activity. Earlier in the month, and before President Trump’s first day back in the White House, an executive order was believed to be the road to the promised land. Even Mike Sommers, president of the American Petroleum Institute, predicted that a day-one spark and catalyst would allow President Trump to jumpstart LNG alone and initiate the beginning of energy dominance.
If you subscribe to clear and practical thought, I see no way to deny the criticality and benefit of our country retaking its previous position of energy dominance. President Trump must play the long game with each route speculated as viable to jumpstart the industry. A careful and calculated approach is needed to establish that dominance again, but steps must be taken to ensure it remains. This includes educating the public on the need for the oil and gas industry and enlightening those who oppose it. We have an opportunity for energy dominance under President Trump’s leadership, but we must preserve and ensure its continuity under the following regime that will take office. While President Trump has just taken office and four years of energy industry success are excellent, an addition of eight to twelve years is better.
Nick Vaccaro is a freelance writer and photographer. In addition to providing technical writing services, he is an HSE consultant in the oil and gas industry with twelve years of experience. Vaccaro also contributes to SHALE Oil and Gas Business Magazine, American Oil and Gas Investor, Oil and Gas Investor, Energies Magazine and Louisiana Sportsman Magazine. He has a BA in photojournalism from Loyola University and resides in the New Orleans area. Vaccaro can be reached at 985-966-0957 or nav@vaccarogroupllc.com.
- Nick Vaccarohttps://energiesmedia.com/author/nick-vaccaro/
- Nick Vaccarohttps://energiesmedia.com/author/nick-vaccaro/
- Nick Vaccarohttps://energiesmedia.com/author/nick-vaccaro/
- Nick Vaccarohttps://energiesmedia.com/author/nick-vaccaro/
- Nick Vaccarohttps://energiesmedia.com/author/nick-vaccaro/
- Nick Vaccarohttps://energiesmedia.com/author/nick-vaccaro/
Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.