The news this week that Big Oil behemoths Exxon and Chevron are to to join the ...
The U.S. shale oil industry hailed as a “revolution” has burned through a quarter trillion dollars more than it has brought in over the last decade. It has been a money-losing endeavor of epic proportions.
In September 2016, the financial ratings service Moody’s released a report on U.S. oil companies, many of which were hurting from the massive drop in oil prices. Moody's found that “the financial toll from the oil bust can only be described as catastrophic,” particularly for small companies that took on huge debt to finance fracking shale formations when oil prices were high.
The Center for Individual Freedom (CFIF), a conservative advocacy, lobbying, and electioneering group led by a strategist for Donald Trump’s presidential campaign, has lobbied for both the Dakota Access and Keystone XL pipelines.
Tony Fabrizio, a veteran Republican tactician and lead pollster, chairs CFIF’s Board of Directors, according to its 2017 incorporation filings, submitted in Florida. Documents from the state show that Fabrizio signed off on CFIF’s forms back in 2004.
According to federal lobbying disclosure forms, the group's team of lobbyists, at the end of 2016, engaged with then-President Barack Obama's staff to express “concern with ongoing violent protests and obstruction of the Dakota Access Pipeline and [to urge] allowance of construction to continue without any further delay.”
The U.S. Department of Homeland Security (DHS) has published a report titled, “Potential Domestic Terrorist Threats to Multi-State Diamond Pipeline Construction Project,” dated April 7 and first published by The Washington Examiner.
The DHS field analysis report points to lessons from policing the Dakota Access pipeline, saying they can be applied to the ongoing controversy over the Diamond pipeline, which, when complete, will stretch from Cushing, Oklahoma to Memphis, Tennessee. While lacking “credible information” of such a potential threat, DHS concluded that “the most likely potential domestic terrorist threat to the Diamond Pipeline … is from environmental rights extremists motivated by resentment over perceived environmental destruction.”
The Washington Examiner is owned by conservative billionaire Philip Anschutz, a former American Petroleum Institute board member. His company, Anschutz Exploration Corporation, is a major oil and gas driller involved in the hydraulic fracturing (“fracking”) in states such as Wyoming, Colorado, and New Mexico.
Harold Hamm, America's richest energy billionaire and the CEO of shale driller Continental Resources, spoke at the S&P Global Platts Global Energy Outlook Forum last Thursday with an unusual message.
“We've got a President coming in that understands the rule of law, that understands business,” Mr. Hamm said.
Mr. Trump's promoters often cite his business experience. Mr. Trump, however, has rarely been praised for his understanding of the rule of law — which is the fundamental concept that the rules apply to everyone, from the most to the least powerful, and that governments must respect people's rights.
Former Texas Republican Governor Rick Perry, a boardmember of Energy Transfer Partners — owner of the Dakota Access Pipeline (DAPL) — has been named U.S. Secretary of Energy by President-elect Donald Trump.
Perry, the former chairman of the Interstate Oil and Gas Compact Commission (IOGCC), ran for president as part of the Republican Party primaries in 2015, but his campaign ended quickly. He announced his run for the Oval Office in 2015 while facing felony charges for official state corruption in Texas.
One of President-elect Donald Trump's most pressing current tasks is selecting who will serve in his new administration, especially his transition team and cabinet, though there are over 4,000 political appointees to hire for federal jobs in all.
Much of the mainstream media attention so far has centered around Trump's choices of Republican National Committee head Reince Priebus as White House chief of staff and former Breitbart News CEO Steve Bannon as chief strategist and senior counselor. Congressional Democrats have called for Bannon to be banned from the White House, citing his personal bigotry and the bigotry often on display on Breitbart.com. Meanwhile, Bannon's hire was praised by the American Nazi Party and KKK.
Yet, perhaps just as troubling is the army of climate change deniers and fossil fuel industry lobbyists helping to pick or court a spot on Trump's future climate and energy team.
The Washington Post has reported that Mike Catanzaro, a former senior energy staffer for Republican Party House Majority Leader John Boehner with a track record of climate change denial, will lead Republican Party presidential candidate Donald Trump's energy transition team.
Catanzaro now works as a partner at the lobbying firm CGCN, where his clients include Noble Energy, Koch Industries, EnCana Oil and Gas, Halliburton, Devon Energy and others. For those clients, he lobbies on issues such as pushing for more drilling on public lands on behalf of EnCana, against emissions regulations for drilling onshore and offshore wells on public lands for Hess Corporation and Devon, and for offshore drilling in Israel on behalf of Noble Energy.
Stephen Moore — economic adviser for Republican Party presidential candidate Donald Trump's campaign — recently told Politico's Morning Energy that he is “pushing” to have a climate change denier and fossil fuel promoter, Kathleen Hartnett White, named as head of the U.S. Environmental Protection Agency (EPA) if Trump is elected president in November.
In the two months leading up to the U.S. Army Corps of Engineers' decision to issue to the Dakota Access pipeline project an allotment of Nationwide 12 permits (NWP) — a de facto fast-track federal authorization of the project — an army of oil industry players submitted comments to the Corps to ensure that fast-track authority remains in place going forward.
This fast-track permitting process is used to bypass more rigorous environmental and public review for major pipeline infrastructure projects by treating them as smaller projects.