The Trump administration on Wednesday will announce two executive orders aimed at freeing up more pipelines to supply the United States with oil and gas. The orders could give the federal government more power over states in approving energy projects.
The United States is producing more oil and gas than any point in its history, in large part because of the shale boom in the Permian Basin in West Texas. But producers have trouble getting all of that supply to customers due to constraints on the number of pipelines.Canadian oil is also a problem, because Canada has run out of pipelines to send oil to the United States.
A second executive order is aimed at making cross-border energy infrastructure approval more streamlined. It says that any decision to issue or deny a cross-border permit shall be made solely by President Donald Trump. There's trouble in OPEC and oil prices are up 50%That executive order isn't limited to pipelines, but would cover other kinds of energy infrastructure projects, too.
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