Trump issues executive order on fracking
(Bloomberg) - Trump will issue an executive order to require an economic analysis of hydraulic fracturing, or fracking, as the president seeks to use what he portrays as Biden’s mixed messages on energy to woo voters in the swing states of Pennsylvania and Ohio.
The order calls for U.S. agencies to analyze the economic impact of fracking, according to the people, who spoke on the condition of anonymity to discuss nonpublic deliberations. The order also requires an evaluation of how fracking, which is used to coax oil and gas out of underground rock formations, could be expanded, they said.
Judd Deere, a White House spokesman, declined to comment on the order but said: “Since taking office, President Trump has prioritized all forms of domestic energy production which has led to America becoming energy independent.”
“Thanks to fracking, America is leading the world both in energy production and emissions reductions and is less dependent on foreign energy sources,” API President and CEO Mike Sommers said. “As we’ve seen throughout this election season, both Democrats and Republicans recognize the importance of this innovative technology, which supports millions of jobs across the country and helps ensure Americans have access to affordable, reliable and cleaner energy produced here in the United States. We welcome further analysis to detail the important benefits of fracking, and we will continue to advocate for policies that advance this game-changing technology, including on federal and private lands," the American Petroleum Institute said in a statement Saturday.
Biden said during a primary debate in March that he would ban fracking but his campaign clarified the next day he was only referring to banning it on federal lands. Biden has since said he doesn’t support a national fracking ban. Natural gas development is a major economic engine in Pennsylvania and Ohio.
Related News ///
Connect with World Oil
Join Our Newsletter ///
Sign-up for World Oil Daily News
Latest News ///More
- Venezuela investors meet in Davos as U.S. weighs sanctions (5/20)
- Energy crunch causing ESG to fall out of favor, warns ex-BP CEO (5/20)
- Schroeder quits Rosneft job after pressure over Putin ties (5/20)
- ‘Hell no’: Finance firms tell Texas they don’t boycott energy (5/20)
- Woodside wins backing to buy BHP oil, gas amid climate backlash (5/19)