Trump Heads to Houston to Boost Oil and Gas Sector

President Donald Trump will travel to Houston Wednesday to announce executive orders aimed at speeding up pipeline and other energy projects and expanding oil and natural gas production, a senior White House official said.

The president is scheduled to appear at the International Union of Operating Engineers International Training and Education Center in Crosby, a union-run training facility spread over 265 acres. There he is expected to speak about how he plans to aid the United States' booming domestic oil and gas production and further shift away from foreign imports.

For now the White House won't release the exact details of the executive orders. But the senior official said they would streamline permitting and help energy companies to ”avoid unnecessary red tape."

"American families and businesses in states with energy restrictions will be able to access affordable and reliable domestic energy resources," the official said.

Record oil and gas production, led by Texas, has played a large role in both domestic and foreign policy for the Trump administration. U.S. crude oil production now at more than 12 million barrels a day has surpassed both Saudi Arabia and Russia.

Domestically, shale drilling boom has provided a boost to the economy in generally lowering energy costs for consumer and businesses and moving the country ever closer to a once unimaginable goal of becoming a net energy exporter.

Pipeline executives have urged Trump to assert federal authority over interstate pipelines and prevent states from blocking multi-billion dollar projects that are facing increasing uncertainty from investors.

Source:
chron