Bloomberg Climate Changed


Trump’s U.S. Looks Past Energy Independence to Global Dominance

by Laura Blewitt May 1, 2017, 11:43 PM GMT+1



It has been a few years since mining and drilling was all about US energy independence.  At least, now the real reason has been unveiled. Yes, it is mostly about “energy-dominant” As usual, extractive industries will reap the profits whilst the public pay the price of medical bills and clean-up.  Notice, “as companies cut costs”!  That’s translated as fewer jobs and bigger and more expensive machines.

No longer do we need to be suspicious.  The clarity is blinding.  “U.S. exports surged above 1 million barrels a day for the first time.”

I remember reading a few years ago that Japan was importing wood pulp from Australia even though there were vast forests extant in Japan.  Ever wonder why?

Now China is cutting back on coal production.  Do we think this is foolish?


“The U.S. is in the position to be energy-dominant, not just independent, thanks to fracking and plans to loosen drilling regulations, Interior Secretary Ryan Zinke said Monday.


Oil production across the U.S. may increase by 17 percent to a record 10.24 million barrels a day by the end of next year as companies cut costs and become more efficient in drilling, especially in areas such as West Texas and North Dakota. Domestic output hasn’t surpassed 10 million barrels a day since 1970. At a time when OPEC and other producers are cutting output, U.S. exports surged above 1 million barrels a day for the first time.”