Donald Trump promises deregulation of energy production

Because it worked so well the first time around. Can you say Enron?

PITTSBURGH—Donald Trump promised sweeping deregulation of U.S. gas, oil and coal production as part of an “America-first energy” plan.

Speaking on Thursday to a conference of 1,500 gas-industry executives, managers and salespeople, the Republican candidate for president said he would lift restrictions on America’s “untapped energy—some $50 trillion dollars in shale energy, oil reserves and natural gas on federal lands, in addition to hundreds of years of coal energy reserves.”

Mr. Trump promised to end “all unnecessary regulations, and a temporary moratorium on new regulations not compelled by Congress or public safety.”

Mr. Trump named an $850 million coal export terminal in Washington, a $3 billion Northwest gas pipeline and a $6.8 billion gas-export terminal as examples of the fossil-fuel projects that have been rejected by regulators or withdrawn by supporters since 2012. A recent tally found about $33 billion in projects have been derailed by regulations, grass-roots opposition and falling energy prices, a figure Mr. Trump cited in his speech.


http://www.msn.com/en-us/money/markets/donald-trump-promises-deregulation-of-energy-production/ar-BBwvgTx