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Energy

Energy Effect: Trump’s big win fuels talk of policy actions

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From The Center Square

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“Our long national nightmare with the Green New Deal is finally over because energy was on the ballot in 2024, and energy won”

Former President Donald Trump is on track to potentially receive 300 electoral votes or more. He won the national popular vote by about 5 million with votes still being counted. As a result, some analysts and Republicans say Trump and the GOP have a “mandate” to aggressively push forward with their agenda.

“America has given us an unprecedented and powerful mandate,” Trump said in his speech early Wednesday morning, creating a refrain echoed by his supporters.

As of midday Wednesday, Trump secured 292 electoral votes after Michigan and its 15 votes were called – 270 were needed to win the race. He also leads Vice President Kamala Harris in Alaska, Arizona and Nevada.

If Trump holds in those states, he will have 312 electoral votes, propelled in large part due to a level of support from Black voters and Hispanic voters unusual for a Republican.

“The American people have sent a clear message through President Trump’s resounding victory,” U.S. Sen. Thom Thillis, R-N.C., wrote on X. “The mandate is clear: fix the economy, secure the border, keep America safe, and confirm more judges who follow the Constitution.”

At the same time Wednesday, House Republicans had won 198 House racers and Democrats had won 177 with the rest uncalled; 218 are needed to win a majority. In the Senate, Republicans won 52 seats and Democrats won 42 with six still to be called, flipping the upper chamber to GOP control.

“This is a mandate,” Scott Jennings, an alum of the George W. Bush administration and CNN analyst said on the air as results came in early Wednesday morning.

“He won the national popular vote for the first time for a Republican since 2004,” Jennings said. “This is a big deal. This isn’t backing into the office. This is a mandate to do what you said you were going to do. Get the economy working again for regular, working class Americans. Fix immigration. Try to get crime under control. Try to reduce the chaos in the world. This is a mandate from the American people to do that.”

On economic policy, Trump is expected to double down on domestic oil drilling to increase revenue for the U.S. and lower energy costs for Americans. Trump made inflation a focus of his campaign, pledging to use domestic oil to get costs down for Americans and even pay off debt with the tax revenue.

“Our long national nightmare with the Green New Deal is finally over because energy was on the ballot in 2024, and energy won,” said Daniel Turner, founder and executive director of energy worker advocacy group Power The Future. “On day one, Joe Biden and Kamala Harris fired thousands of Keystone XL workers and thankfully starting in January it’s this administration that will be unemployed.”

Republicans have also vowed tax reform, something they prioritized after Trump came into office last time around. Experts said the market reacted favorably to Trump’s win.

“Trump’s election victory sparked a rally in the greenback last night as growth and inflation expectations rerated higher,” Adam Turnquist, chief technical strategist for LPL Financial in Charlotte, North Carolina, said in a statement. “Fed funds futures dialed back rate cut expectations from five to four 0.25% cuts by the end of next year. Yields surged higher, a move further exacerbated by deficit spending concerns, especially if Republicans secure the House.”

Trump also pledged to quickly negotiate an end the wars in Ukraine and Gaza, something that earned him bipartisan support from many Americans, including Arab and Muslim Americans frustrated by the Biden-Harris handling of the Israel-Hamas war.

Pop culture figure and Barstool Sports founder Dave Portnoy told his 3.3 million followers the win was a “ringing endorsement of Republicans” and “an indictment against the Democrats,” using a familiar message analysts across platforms online and on television.

That perception will be key for Republicans who likely have two years to push through a legislative agenda as reports indicate they will have a majority in the Senate and possibly the House.

Polls showed only 28% of Americans felt the country was headed in the right direction, something incumbent Harris could not overcome.

“I wanted Trump to win, but more than that, I wanted a decisive victory,” Newsweek Opinion Editor Batya Ungar-Sargon wrote on X. “If it’s true he’s won the popular vote, that is a mandate to lead. Calling Trump Hitler is now proven to be what it always was: an unforgivable smear of the majority of Americans. It’s time to embrace unity.”

While Harris delayed in recognizing Trump as the winner, still not conceding as of early Wednesday afternoon, his other fiercest opponents, like former U.S. Rep. Liz Cheney, recognized him on X but offered a warning.

“Our nation’s democratic system functioned last night and we have a new President-elect,” said Cheney, a Republican who campaigned with Democrat Harris on the trail. “All Americans are bound, whether we like the outcome or not, to accept the results of our elections. We now have a special responsibility, as citizens of the greatest nation on earth, to do everything we can to support and defend our Constitution, preserve the rule of law, and ensure that our institutions hold over these coming four years.”

Daily Caller

‘Not Held Hostage Anymore’: Economist Explains How America Benefits If Trump Gets Oil And Gas Expansion

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From the Daily Caller News Foundation

By Mariane Angela

Economist Steve Moore appeared on Fox Business Tuesday to discuss what he called the significance of expanding domestic oil and gas production in the United States.

President Donald Trump’s Executive Order 14154 aims to secure U.S. energy independence and global leadership by awarding 10-year oil and gas leases. During an appearance on “The Bottom Line,” Moore said that if Trump’s energy policies succeed then America will no longer have to rely on foreign oil.

“If Trump goes forward with what he wants to do, and our energy secretary is all in on this, produce as much oil and gas as we can here at home in Texas and North Dakota and Oklahoma and these other states. Then we’re not held hostage anymore to what’s happening in the Middle East,” Moore said. “That’s what’s so frustrating. We have more of this stuff than anybody does.”

WATCH: 

Moore then pointed to some of former President Joe Biden’s early decisions, particularly the cancellation of pipelines. Moore said these actions left the U.S. vulnerable to external energy crises.

“I don’t want to overemphasize the Strategic Petroleum Reserve. It’s good that we have this sort of safety knot in case you have some kind of blow up in the Middle East, like we have now. But, ultimately, what Joe Biden did was the most sinister of all,” Moore said. “You guys remember what was the first thing when he became president? He canceled pipelines. He destroyed our energy infrastructure.”

During his first term, Trump signed executive orders to advance major pipelines, including instructing TransCanada to resubmit its application for a cross-border permit for the Keystone XL Pipeline, which is designed to transport oil from the tar sands of Alberta, Canada to refineries on the Gulf Coast. On his first day in office, Biden revoked the permit for the Keystone XL Pipeline, effectively halting its development.

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Alberta

Alberta is investing up to $50 million into new technologies to help reduce oil sands mine water

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Technology transforming tailings ponds

Alberta’s oil sands produce some of the most responsible energy in the world and have drastically reduced the amount of fresh water used per barrel. Yet, for decades, operators have been forced to store most of the water they use on site, leading to billions of litres now contained largely in tailings ponds.

Alberta is investing $50 million from the industry-funded TIER system to help develop new and improved technologies that make cleaning up oil sands mine water safer and more effective. Led by Emissions Reduction Alberta, the new Tailings Technology Challenge will help speed up work to safely reclaim the water in oil sands tailing ponds and eventually return the land for use by future generations.

“Alberta’s government is taking action by funding technologies that make treating oil sands water faster, effective and affordable. We look forward to seeing the innovative solutions that come out of this funding challenge, and once again demonstrate Alberta’s global reputation for sustainable energy development and environmental stewardship.”

Rebecca Schulz, Minister of Environment and Protected Areas

“Tailings and mine water management remain among the most significant challenges facing Alberta’s energy sector. Through this challenge, we’re demonstrating our commitment to funding solutions that make water treatment and tailings remediation more affordable, scalable and effective.”

Justin Riemer, CEO, Emissions Reduction Alberta

As in other mines, the oil sands processing creates leftover water called tailings that need to be properly managed. Recently, Alberta’s Oil Sands Mine Water Steering Committee brought together industry, academics and Indigenous leaders to identify the best path forward to safely address mine water and reclaim land.

This new funding competition will support both new and improved technologies to help oil sands companies minimize freshwater use, promote responsible ways to manage mine water and reclaim mine sites. Using technology for better on-site treatment will help improve safety, reduce future clean up costs and environmental risks, and speed up the process of safely addressing mine water and restoring sites so they are ready for future use.

“Innovation has always played an instrumental role in the oil sands and continues to be an area of focus. Oil sands companies are collaborating and investing to advance environmental technologies, including many focused on mine water and tailings management. We’re excited to see this initiative, as announced today, seeking to explore technology development in an area that’s important to all Albertans.”

Kendall Dilling, president, Pathways Alliance 

Quick facts

  • All mines produce tailings. In the oil sands, tailings describe a mixture of water, sand, clay and residual bitumen that are the byproduct of the oil extraction process.
  • From 2013 to 2023, oil sands mine operations reduced the amount of fresh water used per barrel by 28 per cent. Recycled water use increased by 51 per cent over that same period.
  • The Tailings Technology Challenge is open to oil sands operators and technology providers until Sept. 24.
  • The Tailings Technology Challenge will invest in scale-up, pilot, demonstration and first-of-kind commercial technologies and solutions to reduce and manage fluid tailings and the treatment of oil sands mine water.
  • Eligible technologies include both engineered and natural solutions that treat tailings to improve water quality and mine process water.
  • Successful applicants can receive up to $15 million per project, with a minimum funding request of $1 million.
  • Oil sands operators are responsible for site management and reclamation, while ongoing research continues to inform and refine best practices to support effective policy and regulatory outcomes.

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