Donald Trump will give the state of North Dakota a glimpse of hope as they listen to his first speech on the energy policy, revealing his plan on how to recover from the slump.
He’s to speak Thursday as part of the Williston Basin Petroleum Conference in Bismarck. North Dakota became one of the largest in oil production here in the U.S. As with the rest of the global economy, they have experienced job cuts and drilling lags due to an overabundant supply and a lack of demand.
Hillary Clinton has expressed the need for renewable energy, causing coal companies to go out of business, putting many coal miners out of work and creating a larger dent in the economy, while Trump criticizes President Obama’s coal regulations.
One of Trump’s senior advisors, Stephen Miller stated, “Mr. Trump will draw a contrast between Hillary Clinton’s plan to eliminate millions of good-paying energy jobs — including countless union jobs — and Mr. Trump’s plan to add millions of new jobs for America’s workers.” According to the U.S. Bureau of Labor Statistics, unemployment in North Dakota has steadily risen over the past year, yet remains among the lowest in the country at 3.2 percent.
With his presumptive presidential candidacy, Trump is not worried where he stands with North Dakota, remembering Republican Mitt Romney overtook Obama in 2012. This speech, however, gives opportunity to overtake the audience of thousands who need a brighter future in an otherwise advanced industry. President of NextGen Climate of San Francisco, Tom Steyer, stated, “The Trump agenda is only going to make America great again for corporate polluters, which is why Americans need to come together to defeat him — and his Republican allies — in November.”
North Dakota’s Republican Representative Kevin Cramer has advised Trump to make a “substantial policy” speech, providing him with the energy policy he needs that focuses on the needs of energy and the country. Cramer has accused the Organization of Petroleum Exporting Countries (OPEC) of unfair trading. Managing Director of ClearView Energy Partners LLC, Kevin Book said, “We anticipate further criticism of OPEC producers — not just Saudi Arabia, but also Iran — and ongoing support for renewed domestic energy production.
Although executives and politicians are optimistic about the future of the energy industry, the reality of North Dakota is barren, with a recorded 1,523 inactive wells. Director of the state’s Department of Mineral Resources, Lynn Helms, said he would like to see Trump address regulation, exports and competition with OPEC nations and Russia.
Although Trump has had much to learn when dealing with his energy credentials, asking what “LNG” meant, he has the approval of large oil representatives who support him overturning regulations harmful to mining companies. Head of Murray Energy Corp. said, “Mr. Trump demonstrated to me that he cares very much about maintaining the reliability of our electric power grid and preserving low-cost electricity in this country. He cares very much about coal miners and coal-mining jobs.” Trump agreed to support U.S. exports in liquefied natural gas after Murray asked for the backing.
Bloomberg Intelligence analyst, Cheryl Wilson, states, “Presidential hopefuls Donald Trump and Hillary Clinton have shared radically different visions for the future of U.S. energy production. But in all likelihood, the next president will only marginally change energy policy.” According to Bloomberg, undoing Obama’s policies will require courts and Congressional legislation.
Article written by HEI contributor Marcela Abarca.