#GlobalNews: “Trump administration declares that conserving oil is no longer an economic imperative – National” #Toronto #Montreal #Calgary #Ottawa #Canada
Conserving oil is not an financial crucial for the U.S., the Trump administration declares in a significant new coverage assertion that threatens to undermine a long time of presidency campaigns for gas-thrifty vehicles and different conservation applications.
The place was outlined in a memo launched final month in assist of the administration’s proposal to loosen up gasoline mileage requirements. The authorities launched the memo on-line this month with out fanfare.
WATCH: Need to agree that local weather change had function in California fires: Harris
Growth of pure gasoline and different options to petroleum has diminished the necessity for imported oil, which “in turn affects the need of the nation to conserve energy,” the Energy Department mentioned. It additionally cites the now decade-old fracking revolution that has unlocked U.S. shale oil reserves, giving “the United States more flexibility than in the past to use our oil resources with less concern.”
With the memo, the administration is formally difficult outdated justifications for conservation — even congressionally prescribed ones, as with the mileage requirements. The memo made no point out of local weather change. Transportation is the only largest supply of climate-changing emissions.
President Donald Trump has questioned the existence of local weather change, embraced the notion of “energy dominance” as a nationwide purpose, and known as for alleviating what he calls burdensome regulation of oil, gasoline and coal, together with repealing the Obama Clean Power Plan.
WATCH: Ont. Environment Minister urges PM to not be ‘so dogmatic’ on local weather change
Despite the elevated oil provides, the administration continues to consider in the necessity to “use energy wisely,” the Energy Department mentioned, with out elaboration. Department spokesmen didn’t reply Friday to questions on that assertion.
Reaction was fast.
“It’s like saying, ‘I’m a big old fat guy, and food prices have dropped — it’s time to start eating again,’” mentioned Tom Kloza, longtime oil analyst with the Maryland-based Oil Price Information Service.
“If you look at it from the other end, if you do believe that fossil fuels do some sort of damage to the atmosphere … you come up with a different viewpoint,” Kloza mentioned. “There’s a downside to living large.”
WATCH: Greenpeace alleges oil trade advert marketing campaign violated Ontario election legal guidelines
Climate change is a “clear and present and increasing danger,” mentioned Sean Donahue, a lawyer for the Environmental Defense Fund.
In an enormous manner, the Energy Department assertion simply acknowledges the world’s vastly modified actuality on the subject of oil.
Just 10 years in the past, in summer season 2008, oil costs had been peaking at $147 a barrel and pummeling the worldwide economic system. The Organization of the Petroleum Exporting Countries was having fun with an enormous switch of wealth, from nations depending on imported oil. Prices now are about $65.
Today, the U.S. is vying with Russia for the title of prime world oil producer. U.S. oil manufacturing hit an all-time excessive this summer season, aided by the technological leaps of horizontal drilling and hydraulic fracturing.
How a lot the U.S. economic system is connected to the gasoline pump, and vice versa, performs into any variety of coverage issues, not simply financial or environmental ones, however navy and geopolitical ones, mentioned John Graham, a former official within the George W. Bush administration, now dean of the School of Public and Environmental Affairs at Indiana University.
“Our ability to play that role as a leader in the world is stronger when we are the strongest producer of oil and gas,” Graham mentioned. “But there are still reasons to want to reduce the amount we consume.”
Current administration proposals embody one that may freeze mileage requirements for vehicles and lightweight vehicles after 2020, as a substitute of continuous to make them more durable.
The proposal ultimately would improve U.S. oil consumption by 500,000 barrels a day, the administration says. While Trump officers say the freeze would enhance freeway security, paperwork launched this month confirmed senior Environmental Protection Agency staffers calculate the administration’s transfer would truly improve freeway deaths.
“American businesses, consumers and our environment are all the losers under his plan,” mentioned Sen. Tom Carper, a Delaware Democrat. “The only clear winner is the oil industry. It’s not hard to see whose side President Trump is on.”
Administration assist has been tepid to null on another long-running authorities applications for options to gas-powered vehicles.
WATCH: Oil trade applauds Trudeau on local weather change balancing act
Bill Wehrum, assistant administration of the EPA’s Office of Air and Radiation, spoke dismissively of electrical vehicles — a younger trade supported financially by the federal authorities and plenty of states — this month in a name with reporters asserting the mileage freeze proposal.
“People just don’t want to buy them,” the EPA official mentioned.
Oil and gasoline pursuits are campaigning for modifications in authorities conservation efforts on mileage requirements, biofuels and electrical vehicles.
In June, as an illustration, the American Petroleum Institute and different industries wrote eight governors, selling the dominance of the internal-combustion engine and questioning their states’ incentives to customers for electrical vehicles.
Surging U.S. and gasoline manufacturing has introduced on “energy security and abundance,” Frank Macchiarola, a bunch director of the American Petroleum Institute commerce affiliation, advised reporters this week, in a phone name devoted to urging scrapping or overhauling of 1 U.S. program for biofuels.
Fears of oil shortage was once a driver of U.S. vitality coverage, Macchiarola mentioned.
Thanks partly to elevated manufacturing, “that pillar has really been rendered essentially moot,” he mentioned.
Note: “Previously Published on: 2018-08-19 17:31:51, as ‘Trump administration declares that conserving oil is not an financial crucial – National’ on GLOBALNEWS CANADA. Here is a supply hyperlink for the Article’s Image(s) and Content”.