Chamber

U.S. Chamber of Commerce CEO Thomas Donohue said the scrapping of Obama-era energy regulations, coupled with last month’s comprehensive tax reform, will help kick-start economic growth into 2018, but warned that the Trump administration must also make modernizing the nation’s infrastructure a priority to keep the economy growing.

Continuing policies that “severely” limit new natural gas pipeline buildout into Northeast markets could cost 78,400 jobs by 2020 and destroy $7.6 billion in gross domestic product (GDP), according to the U.S. Chamber of Commerce.

The domestic shale revolution was “unquestionably the single biggest factor” behind the nation’s overall energy security risk declining for a third consecutive year, and that decline is expected to continue, leading to the possibility that the nation could soon become energy self-sufficient, according to the U.S. Chamber of Commerce’s Institute for 21st Century Energy.

As the Trans-Pacific Partnership (TPP) pact among the United States and 11 Asia-Pacific nations advances, its adoption wouldn’t mean much for exports of liquefied natural gas (LNG) from the United States, at least not in the near term.

The U.S. Chamber of Commerce said Wednesday the federal government should create an offshore leasing and exploration program, open more of the land it owns onshore to oil and natural gas drilling, and refrain from finalizing proposed rules for hydraulic fracturing (fracking) on federal land.

Regulation of all kinds, including rules governing hydraulic fracturing (fracking) and other energy practices, have gotten out of control and many outdated regulations need to be repealed, according to Thomas Donohue, CEO of the U.S. Chamber of Commerce.

The city of Dallas Plan Commission on Thursday voted to reconsider the application by Trinity East Energy LLC for three zoning permits that would allow it to drill within the city limits. The commission previously voted against granting the permits (see Shale Daily, Jan. 8). The commission now is expected to hold a hearing on the permits Feb. 17. If the specific use permits ultimately receive the commission’s blessing, Trinity East will have an easier time gaining the ultimate approval it needs to drill from Dallas City Council. Some drilling opponents in attendance at the commission meeting chanted “shame” following the vote to reconsider; some wept, and one activist was led from the chamber, according to an online report by TheDallas Morning News.

America’s energy security risk is bad and getting worse under current policy and regulatory framework, according to a report by the U.S. Chamber of Commerce’s Institute for 21st Century Energy.

America’s energy security risk is bad and getting worse under current policy and regulatory framework, according to a report by the U.S. Chamber of Commerce’s Institute for 21st Century Energy.