The White House recently held “Energy Week” focusing on the Trump Administration’s energy policies. Increasing domestic production, promoting jobs, and building infrastructure all featured prominently in the administration’s message. One key policy that gained traction is the role of liquefied natural gas (LNG) exports, which the new Administration sees as a way to strengthen America’s global influence.
A funny thing happened on the way to solving climate change…natural gas proved to be the most effective solution. Natural gas has done more to reduce greenhouse gas emissions than any government program, international treaty, subsidized renewable energy, or other orthodox measure to save the planet.
BLM’s proposed venting and flaring rule is the administration’s latest regulation targeting oil and natural gas production. BLM’s proposal suffers from wide-ranging problems including jurisdictional overreach into air quality, technologically infeasible requirements, and implementation costs that far exceed the rule’s benefits. Our comments on BLM’s proposal were 90 pages and spoke to the myriad problems, but I want to hone in on a few key numbers that demonstrate the flaws in BLM’s assumptions about the proposed rule’s impact.