Author Topic: Trump says US on brink of become net exporter of energy  (Read 1025 times)

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Offline thackney

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Trump says US on brink of become net exporter of energy
« on: June 27, 2017, 06:01:24 pm »
Trump says US on brink of become net exporter of energy
https://www.washingtonpost.com/business/trump-pushes-energy-week-and-goal-of-exporting-resources/2017/06/26/8990d016-5ad4-11e7-aa69-3964a7d55207_story.html
 June 27, 2017

With U.S. exports of oil and natural gas surging, President Donald Trump says the U.S. is on the brink of becoming a net exporter of oil, gas and other resources.

Trump is highlighting what he calls “energy dominance” as the White House hosts a series of events focused on jobs and boosting U.S. global influence. The self-proclaimed “energy week” follows similar policy-themed weeks on infrastructure and jobs.

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 markets around the world, and promoting nuclear energy and even renewables such as wind and solar power.

“For years, Washington stood in the way of our energy dominance. That changes now,” Perry told reporters at the White House. “We are now looking to help, not hinder, energy producers and job creators.”

The focus on energy began at a meeting between Trump and India’s Prime Minister Narendra Modi, with U.S. natural gas exports part of the discussion. Trump is expected to talk energy Wednesday with governors and tribal leaders, and he will deliver a speech Thursday at the Energy Department.

Trump has long used “dominance” to describe his approach to energy, and Perry and other administration officials have begun echoing the phrase as a short-hand for policies that “unleash” unfettered energy production on U.S. land and waters. Similarly, during his administration Obama spoke about an “all of the above” energy policy intended to reassure skeptics that he supported a wide range of U.S. energy production.

Trump signed an executive order in April to expand oil drilling in the Arctic and Atlantic oceans, reversing restrictions imposed by Obama. Trump has also pushed to revive U.S. coal production after years of decline. Coal mining rose by 19 percent in the first five months of the year as the price of natural gas edged up, according to Energy Department data.

U.S. oil and gas production have boomed in recent years, primarily because of improved drilling techniques such as fracking that have opened up production in areas previously out of reach of drillers.

A report released in January by the Energy Information Administration said the country is on track to become a net energy exporter by 2026. The report, issued two weeks before Trump took office, projects continued increases in oil and gas production, combined with a decline in coal and an increased market shares for both natural gas and renewable energy such as wind and solar power....
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Offline thackney

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Offline IsailedawayfromFR

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Re: Trump says US on brink of become net exporter of energy
« Reply #2 on: June 28, 2017, 12:32:27 pm »
It will take a really good economic scenario for this to take place.

My bet is we will not be a net exporter unless China begins taking a lot more coal from us.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline thackney

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Re: Trump says US on brink of become net exporter of energy
« Reply #3 on: June 28, 2017, 12:48:27 pm »
It will take a really good economic scenario for this to take place.

My bet is we will not be a net exporter unless China begins taking a lot more coal from us.

The charts above make it clear they base the claim on higher levels of oil & gas production.  Coal is an almost insignificant percentage of the total.
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Offline thackney

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Re: Trump says US on brink of become net exporter of energy
« Reply #4 on: June 28, 2017, 12:52:30 pm »
It will take a really good economic scenario for this to take place.

My bet is we will not be a net exporter unless China begins taking a lot more coal from us.

Digging deeper at the same link, they base this net exporter on a continued reduction of coal production, fairly stable oil production and a large increase in Nat Gas production.


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Offline Night Hides Not

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Re: Trump says US on brink of become net exporter of energy
« Reply #5 on: June 28, 2017, 01:03:42 pm »
The charts above make it clear they base the claim on higher levels of oil & gas production.  Coal is an almost insignificant percentage of the total.

I wouldn't call 30% "almost insignificant":  https://www.eia.gov/energyexplained/index.cfm?page=electricity_in_the_united_states

Apologies in advance if I misconstrued your comment.
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Offline thackney

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Re: Trump says US on brink of become net exporter of energy
« Reply #6 on: June 28, 2017, 01:29:56 pm »
I wouldn't call 30% "almost insignificant":  https://www.eia.gov/energyexplained/index.cfm?page=electricity_in_the_united_states

Apologies in advance if I misconstrued your comment.

Sorry I wasn't clear.  We are not talking about only electricity generation.

Since the topic was becoming a net energy exporter, I was referring to the change from today of what it will likely take to become a net energy exporter.  Most of the change is oil and nat gas imports/exports.

The basis of their study has almost no significant change in coal imports/exports, and an assumption of even falling coal production.


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Offline Night Hides Not

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Re: Trump says US on brink of become net exporter of energy
« Reply #7 on: June 28, 2017, 01:34:30 pm »
Sorry I wasn't clear.  We are not talking about only electricity generation.

Since the topic was becoming a net energy exporter, I was referring to the change from today of what it will likely take to become a net energy exporter.  Most of the change is oil and nat gas imports/exports.

The basis of their study has almost no significant change in coal imports/exports, and an assumption of even falling coal production.



Thanks for clarifying.  It wasn't that long ago that coal accounted for 50% of our electricity production. In certain areas of the country, wind and natural gas are eating into coal's importance. Eight years of Obama devastated the coal industry.
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Offline thackney

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Re: Trump says US on brink of become net exporter of energy
« Reply #8 on: June 28, 2017, 02:21:38 pm »
Thanks for clarifying.  It wasn't that long ago that coal accounted for 50% of our electricity production. In certain areas of the country, wind and natural gas are eating into coal's importance. Eight years of Obama devastated the coal industry.

Some of it is not all Obama's fault.  Improvements in Combined Cycle Power Turbines combined with the relatively low cost Nat Gas from Shale Fields were going to enlarge Nat Gas share of the base load.  Obama added to the coal cost and enlarged that.
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Offline IsailedawayfromFR

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Re: Trump says US on brink of become net exporter of energy
« Reply #9 on: June 28, 2017, 05:08:16 pm »
Sorry I wasn't clear.  We are not talking about only electricity generation.

Since the topic was becoming a net energy exporter, I was referring to the change from today of what it will likely take to become a net energy exporter.  Most of the change is oil and nat gas imports/exports.

The basis of their study has almost no significant change in coal imports/exports, and an assumption of even falling coal production.


That may be what the study says.

My belief remains that the immense amounts of coal will be extracted and used elsewhere if the US refuses to use it.

Only way we could ever achieve being a net exporter.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline thackney

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Re: Trump says US on brink of become net exporter of energy
« Reply #10 on: June 28, 2017, 05:11:44 pm »
That may be what the study says.

My belief remains that the immense amounts of coal will be extracted and used elsewhere if the US refuses to use it.

Only way we could ever achieve being a net exporter.

We will have to disagree.  Certainly one way.  Another is shown above with a continued growth in Nat Gas exports as the primary force.

BTW, Nat Gas measured in BTUs is already produced at nearly twice the rate of coal.

https://www.eia.gov/outlooks/aeo/excel/aeotab_1.xlsx
« Last Edit: June 28, 2017, 05:14:13 pm by thackney »
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Offline IsailedawayfromFR

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Re: Trump says US on brink of become net exporter of energy
« Reply #11 on: June 29, 2017, 10:04:11 pm »
We will have to disagree.  Certainly one way.  Another is shown above with a continued growth in Nat Gas exports as the primary force.

BTW, Nat Gas measured in BTUs is already produced at nearly twice the rate of coal.

https://www.eia.gov/outlooks/aeo/excel/aeotab_1.xlsx
Gas is good and there is a lot of it, but it makes more sense to continue sending it down pipelines as first priority.  Others can take the coal we regulate our of our energy plans.
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Offline Fishrrman

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Re: Trump says US on brink of become net exporter of energy
« Reply #12 on: June 29, 2017, 10:26:50 pm »
I sailed wrote:
"Gas is good and there is a lot of it, but it makes more sense to continue sending it down pipelines as first priority."

In agreement here.
We should not be exporting our energy resources.
They should be "husbanded" for future generations.

Let idiots like the Saudis sell their national wealth to everyone.
Sooner or later it will be gone, and they'll have nothing.

It was only about 40 years ago when jerks like Jimmy Carter were telling us we could never be "energy independent", and that we would always be dependent upon other nations for our fossil fuel resources.

Boy, have time changed!
But the last thing we should be doing is "exporting what we have".
Again, keep it in trust for future generations... of Americans.

I am non-negotiable on this subject.

Offline Smokin Joe

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Re: Trump says US on brink of become net exporter of energy
« Reply #13 on: June 29, 2017, 10:37:46 pm »
I sailed wrote:
"Gas is good and there is a lot of it, but it makes more sense to continue sending it down pipelines as first priority."

In agreement here.
We should not be exporting our energy resources.
They should be "husbanded" for future generations.

Let idiots like the Saudis sell their national wealth to everyone.
Sooner or later it will be gone, and they'll have nothing.

It was only about 40 years ago when jerks like Jimmy Carter were telling us we could never be "energy independent", and that we would always be dependent upon other nations for our fossil fuel resources.

Boy, have time changed!
But the last thing we should be doing is "exporting what we have".
Again, keep it in trust for future generations... of Americans.

I am non-negotiable on this subject.
A lot of gas and NGLs are produced as a byproduct of oil production in these parts. Once you have it out, what do you propose doing with it? Consider the price of bottled gas in the Far East versus here, and the split is enough to continue to drive the market provided the export capability is there.

Every BTU we sell improves the trade deficit and is that much less revenue for terror supporting nations.
« Last Edit: June 29, 2017, 10:38:49 pm by Smokin Joe »
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Offline IsailedawayfromFR

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Re: Trump says US on brink of become net exporter of energy
« Reply #14 on: June 30, 2017, 12:44:16 am »
I sailed wrote:
"Gas is good and there is a lot of it, but it makes more sense to continue sending it down pipelines as first priority."

In agreement here.
We should not be exporting our energy resources.
They should be "husbanded" for future generations.

Let idiots like the Saudis sell their national wealth to everyone.
Sooner or later it will be gone, and they'll have nothing.

It was only about 40 years ago when jerks like Jimmy Carter were telling us we could never be "energy independent", and that we would always be dependent upon other nations for our fossil fuel resources.

Boy, have time changed!
But the last thing we should be doing is "exporting what we have".
Again, keep it in trust for future generations... of Americans.

I am non-negotiable on this subject.
I know where you are coming from, and if I truly thought we would 'run out' I would advocate like you to preserve it.

After working in industry as long as I have, mostly in hydrocarbon and reserve assessments, I have come to realize that hydrocarbon wealth of this country is well beyond anything I had earlier imagined.  It is truly staggering. 

The hundreds of years which we will have in enjoying these hydrocarbons, profiting from them and prosperity that results, cause me to not concern myself at all that we will ever 'run out'.

And the power to achieve our goals without outside interference from the Russias and OPECs is plenty of good reason to open the tap.
No punishment, in my opinion, is too great, for the man who can build his greatness upon his country's ruin~  George Washington

Offline thackney

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Re: Trump says US on brink of become net exporter of energy
« Reply #15 on: June 30, 2017, 08:09:50 pm »
We should not be exporting our energy resources.
They should be "husbanded" for future generations....

I am non-negotiable on this subject.

Fortunately we don't live in a Communist or overly Socialist country. 

Our great energy wealth is mostly derived from being privately owned and those willing to work and take risks can profit from that.

Government should not pick and choose which can benefit from their private property.

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