Speaking in front of thousands of energy executives and global political leaders gathered in Houston, the new Secretary of Energy of the United States about the many comforts of modern life that work with fossil fuels.
Airplanes Air-conditioning. Washing machines. Dryers Television.
In the future, said Chris Wright, the United States government is not asking that people make “sacrifices” in an attempt to combat climate change. Instead, he said, he is entering a new era of “Energy domain“In which the United States increases energy production to contribute cheap power to more Americans and consumers around the world.
“We are blatantly looking for a policy of more American energy production and infrastructure, no less,” Wright said Monday, speaking at the Global Ceraweek conference by S&P, which has been described as the Super Bowl of Energy.
“Our goal is to reindustrialize the United States, not to de -industrialize the United States.”
While Wright said he does not oppose clean power (he expressed his love for geothermal and nuclear, in particular), the Key planks of the “Energy Domain” plan implies increasing the production of oil, gas and critical minerals.
As stated by the president of the United States, Donald Trump: Drill, baby, drill.
In the same Texas event, the Governments of Canada and Alberta are visibly trying to attract investments with striking screens. Although Canada and the United States are in the middle of a destabilizing commercial war, the officials of the northern border look at it, hoping to obtain a piece of the energy cake.
“Cooperation is important,” said Susan Harper, Consul General of Canada in Dallas.
Harper is part of the federal government team organizing business meetings and a dinner at Houston this week to promote opportunities to invest in Canada. Part of the message is also about getting rid of tariffs.
“They are not good for Americans. They are not good for Canadians either,” he told CBC News.
Time to drill
In the US, the new administration is clear that wanting to increase the amount of oil and natural gas produced in the country in the name of energy security, jobs and affordability.
“The emphasis of the new Trump administration is incredibly different from the Biden Administration,” said Samantha Gross, director of the Energy Security and Climate of Brookings Institution, a non -profit organization based in Washington, DC “are focused on the development of expanding fossil fuels.”
It is not yet clear what this plan for the oil and gas industry will mean. Companies like Exxon Mobil They have said that it is unlikely to change their production plans as a result.
Jim Burkhard, global chief of crude oil market research in S&P global, said that government priorities can only do a lot to stimulate production. Ultimately, he said, companies make bets based on price, and oil prices, at this precise moment, They have been down.
“Where we are now, we are at the lower end of the investment range,” Burkhard said. “We are not without money … but it is becoming a little more cautious due to the oil prices environment.”
An ally in the mission of the United States government is Alberta’s prime minister, Danielle Smith, who attended the Houston conference and has ambitious plans for Increase oil production in the province. She is launching Trump administration about a vision that sees her province providing the United States with the oil she needs to achieve her vision of “domain.”
Much of Alberta oil is sent to refineries in the United States that are configured to process Canadian crude and do not have an easy substitution.
Trump has pointed out interest in a new pipe that would transport oil from Canada to the United States, that message has been confused with the 10 percent tariffs that the United States government has slapped Canadian energy products.
Speaking to journalists on Monday, Smith hung the carrot of potentially building a new pipe, or several new pipes, in the USA., But only if they can leave the tariff conversation once and for all.
“There [are] Several different pipe projects that would allow us to increase the amount of oil that arrives in the United States, if they are interested in associating with us, “said Smith, who reflected on routes that could involve the port of Prince Rupert or James Bay, among other places.
“I just want to put that on the table, but, of course, none of those conversations can start seriously while we are in the midst of a tariff fight.”
Currently, there are no important pipeline companies have said that new Canadian export pipes are actively looking for.
Paula Duhatschek of CBC describes how the oil and gas sector in Alberta could be affected by 10 percent rates imposed by the United States. Alberta Prime Minister Danielle Smith said on Tuesday that American tariffs are “an unjustifiable economic attack against Canadians and Alcbutos” that represent a clear violation of the Canada-Us-Mexico Free Trade Agreement.
Pumping more oil
Trump may want energy domain, but it is unlikely that production from the Permian basin in Texas or the Bakken training In North Dakota, former Alberta Energy Minister Sonya Savage said in an interview with CBC News outside the Houston Conference.
“If you want energy mastery, you will need the supply of Canada,” said Savage, who is now a main lawyer of the law firm Borden Ladner Gervais LLP in his Calgary office.
Wright, the United States Secretary of Energy, said at a press conference that there are “active conversations” between the United States, Canada and Mexico on how to advance in the rate archive. When asked if energy tariffs could be completely renounced next month, he said that “it is certainly possible.”
There is also some confusion about what percentage of Canadian energy products are subject to rates, following Some adjustments to politics last week. Pressing to obtain specific information about the numbers, Wright said he wanted to “avoid details for now.”
Alberta Prime Minister told journalists that he is not focusing solely on the United States, and also plans to spend time in Houston launching Alberta as an allies provider in Asia and Europe.
But as the southern neighbors aim to embark on a new era of American exceptionalism, Smith is trying to hook their car to their star.
“Alberta has a long -standing friendship with the American people,” said Smith. “We can overcome the situation of the current rate quickly and re -build the Energy Security Juggernaut of North America.”
