Executive Orders lack the persistence and certainty of law.
Are companies going to commmit to multi-year captial upgrade projects based upon an Executive Order alone? Nope.
Next Dem President will issue executive order banning coal production and consumption in US.
Business needs the certainty of codified law to make long-term cap-ex investments in US.
Executive Orders, regulations, rules, policies, etc. are too fickle to be the basis for long-term, multi-billion dollar, private capital investments.
Look at the damned KeystoneXL Pipeline ... TC had to take sunk costs as a loss, and abandon the project. No company is going to risk starting new pipeline projects or complete exisiting pipeline projects without the certainty that those pipelines can become operational and remain operational.
The rule of law is essential for private free market capitalism to thrive.
The only entity that has completed recent capital projects is the Government. Not energy companies.
The Government will build roads and bridges, but it will not build out energy infrastructure necessary to grow GDP.
Government needs to provide legal certainty via legislation to increase private capital investment in the US.
The GOP Congress needs to codify US domestic energy policy into law if the US is to have sustained GDP growth.
Energy policy is to critical and too capital intensive to be left to fickle Executive Orders.
