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Rick Perry: U.S. Should Ramp Up Oil, Tech Exports

Rick Perry: U.S. Should Ramp Up Oil, Tech Exports


The United States should make the best use of its oil and gas wealth by boosting exports and sharing production technology with other parts of world, Energy Secretary Rick Perry said at CERAWeek.

Perry referred to the drive to increase oil and gas exports and to increase investments in the oil and gas industry as “new energy realism,” adding that “It is by embracing this new energy realism that we will all move towards greater energy security and a brighter, more prosperous future. Let all nations embrace it, and the spirit of imagination and innovation that drives it, for their own sake and for the sake of the world.”

The Energy Secretary noted what the Trump administration has already done for the energy industry, including tax cuts and rolled back drilling and emission reporting regulations from the Obama years, and said that the beneficial effect of a booming energy industry on the U.S. economy could be replicated elsewhere, using the technology developed there that unlocked the extensive hydrocarbon potential of the shale patch.

Continued: https://oilprice.com/Energy/Energy-General/Rick-Perry-US-Should-Ramp-Up-Oil-Tech-Exports.html