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Economy
US says conserving oil is no longer an economic imperative
2018-08-20
[ARABNEWS] Conserving oil is no longer an economic imperative for the US, the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs.

The position was outlined in a memo released last month in support of the administration’s proposal to relax fuel mileage standards. The government released the memo online this month without fanfare.

Growth of natural gas and other alternatives to petroleum has reduced the need for imported oil, which "in turn affects the need of the nation to conserve energy," the Energy Department said. It also cites the now decade-old fracking revolution that has unlocked US 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 challenging old justifications for conservation ‐ even congressionally prescribed ones, as with the mileage standards. The memo made no mention of climate change. Transportation is the single largest source of climate-changing emissions.

President Donald Trump
...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and what ever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States...
has questioned the existence of climate change, embraced the notion of "energy dominance" as a national goal, and called for easing what he calls burdensome regulation of oil, gas and coal, including repealing the Obama Clean Power Plan.

Despite the increased oil supplies, the administration continues to believe in the need to "use energy wisely," the Energy Department said, without elaboration. Department spokesmen did not respond Friday to questions about that statement.

Reaction was quick.

"It’s like saying, ’I’m a big old fat guy, and food prices have dropped ‐ it’s time to start eating again,’" said Tom Kloza, longtime oil analyst with the Maryland-based Oil Price Information Service.
Posted by:Fred

#2  It was never about economics, or pollution, or any of that.
It was about control.
Posted by: ed in texas   2018-08-20 07:57  

#1  ...TRANSLATION (If this is true; I sincerely doubt it): "We make more of it than you do, suckers. Drown in it; see if we care."

Mike
Posted by: Mike Kozlowski   2018-08-20 05:00  

00:00