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Mining People Magazine

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MINING PEOPLE COMMENTS

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AEA Praises Trump’s SOTU Speech and America’s Energy Comeback

White House must urge Congress to fix our broken, abused, misused and outdated

environmental laws

“In terms of great comebacks, it’s impossible to overlook the

American energy story. From reliance on unstable foreign regimes,

and a President who said ‘we can’t just drill our way to lower gas

prices,’ to becoming the number one producer of natural gas and oil

in the world, we now have a President who has kept his promise to end the war on

affordable and reliable energy.

“Even coal exports are on the rise, which means America is in the driver’s seat in terms

of the global political landscape. By reducing unnecessary red tape and embracing

our homegrown energy production, President Trump deserves recognition for this

success. The American energy renaissance is truly a comeback story and one that

carries huge benefits for working class Americans.

“But this comeback story is far from over. In order to achieve true energy dominance

and unlock our nation’s full potential, President Trump must have the courage to do

what Congress has failed to do for decades. In the next year and beyond, President

Trump must provide Congress with a blueprint to fix our broken, abused, misused

and outdated environmental laws. Whether it’s prioritizing efficiencies at EPA,

improving the leasing process on federal lands, or modernizing bedrock laws like the

Endangered Species Act, the Clean Air Act, and the Clean Water Act, we know that

President Trump is bold enough to stand up to the Green New Deal Democrats and

the perennial prophets of doom on the left.”

Thomas Pyle, President of the American Energy

Alliance, issued the following statement in response to

President Trump’s third State of the Union address:

“The fossil fuels Wyo-

ming has long relied

on still having a place

in the global market-

place,

even as greater

economic shifts have

diminished their stand-

ing worldwide and the

state has begun the process of under-

standing an economy where coal is no

longer king. There are some opportuni-

ties. In the national conversation about

how to power our country, I’ve been very

disappointed in the fact that we have this

expectation that fossil fuels are inher-

ently bad – there’s no way of bringing

them back and that our only solution for

climate change is to shift everything to

renewables. It is clear that renewables

play an important part, but it’s also true

that the technologies for fossil fuels have

improved remarkably. Fossil fuels can be

a part of the solution on climate change,

and that is a better development of tech-

nology.”

–Wyoming Governor Mark Gordon

“The EIA forecasts the US will re-

main as the world’s largest crude oil

producer

averaging 13.3 million b/d in

2020 (up from 12.2 million b/d in 2019)

and 13.7 million b/d in 2021. Most of the

production growth in the forecast occurs

in the Permian region of Texas and New

Mexico. The US will continue to be less

reliant on foreign oil. The EIA says net

imports of crude oil and petroleum prod-

ucts to the US fell by nearly 80 percent

between 2018 and 2019. The American

crude oil exports are set to increase by

75 percent between 2020 and 2021.”

– U.S. Energy Outlook

“Global coal demand increased by 1.1

percent, continuing the rebound that

began in 2017 after three years of de-

cline.

The main driver was coal power

generation, which rose almost 2 percent

in 2018 to reach an all-time high. Coal

maintained its position as the largest

source of electricity in the world with a 38

percent share. The People’s Republic of

China, India, and other Asian economies

led the expansion, while coal power gen-

eration fell in Europe and North America.

In non-power sectors, despite a lot of

coal-to-gas switching in China, demand

remained stable. The international coal

trade grew by 4 percent in 2018, sur-

passing 1.4 billion tonnes. The IEA fore-

cast global coal power generation will

increase by 4.6 percent per year through

2024 and remain stable through at least

2040.”

(newsletter@energyandcapital.com

)

“The US will generate more of its

power from natural gas than renew-

ables until the 2040s.

By 2050, renew-

ables will provide 38 percent of electric-

ity generation – double from 19 percent

in 2019 – compared to 36 percent from

gas. Solar contributes the most to renew-

ables growth, more than tripling from 14

percent of total renewable generation in

2019, to 46 percent by 2050. The US,

meanwhile, will continue to be a domi-

nant fossil fuel producer and exporter.

It will become a net energy exporter this

year, and remain so through the 2050s

as a result of ‘large increases’ in oil and

gas production coupled with slow growth

in US energy consumption.”

– Daily on Energy

continue