It's been a big week for US Oil & Gas. Just moments after being sworn in yesterday, President Trump - on a completely updated Whitehouse.gov website - made his plans for reviving the American economy known and like all things Trump, it's go big, or go home.
A Bold Agenda
Listed visibly on the Issues page, "President Trump is committed to eliminating harmful and unnecessary policies such as the Climate Action Plan and the Waters of the U.S. rule". Trump's administration team goes on to say that “lifting these restrictions will greatly help American workers, increasing wages by more than $30 billion over the next seven years.” While very likely falling under the category of too good to be true, increases to industry wages to the tune of 30 Billion have many unemployed Oil & Gas workers - or those unwilling to return due to aggressive wage cuts - waiting with bated breath.
Embracing the Shale Oil & Gas 'Revolution'
The America First Energy Plan page continues to say the new administration “will embrace the shale oil and gas revolution” and “take advantage of “the estimated $50 trillion in untapped shale, oil and natural gas reserves, especially those on federal lands that the American people own.”
Caring for the Environment
Despite naysayers and opposition who have criticized the Trump administration for it's apparent lack environmental concerns, a paragraph is dedicated to this topic as well. "...our need for energy must go hand-in-hand with responsible stewardship of the environment. Protecting clean air and clean water, conserving our natural habitats, and preserving our natural reserves and resources will remain a high priority."
Impact on US Jobs
Flipping to the Bringing back jobs and growth page, the fearless statements continue where President Trump promises "To get the economy back on track" via a "bold plan to create 25 million new American jobs in the next decade and return to 4 percent annual economic growth." 2017 is indeed shaping up to be the year of the comeback. Can Trump put his money where his mouth is?