General Session President Trump Administrations Approach on U.S. - - PDF document

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General Session President Trump Administrations Approach on U.S. - - PDF document

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General Session President Trump Administrations Approach on U.S. Energy Markets Chris Ventura Executive Director Midwest, Consumer Energy Alliance Washington, DC 9:10 a.m. to 9:45 a.m. Biographical Information Chris Ventura,

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General Session

President Trump Administration’s Approach on U.S. Energy Markets

Chris Ventura Executive Director – Midwest, Consumer Energy Alliance Washington, DC

9:10 a.m. to 9:45 a.m.

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Biographical Information Chris Ventura, Midwest Executive Director Consumer Energy Alliance 21 E. State St., Suite 2200, Columbus, OH 43215 614-524-0100 cventura@consumerenergyalliance.org

Chris Ventura, Executive Director for Consumer Energy Alliance – Midwest is based out of Columbus, Ohio. In this position, Ventura works with state policymakers, trade associations, and community groups to foster a dialogue around policies which ensure affordable, reliable energy from all energy sources for families, farmers, and businesses. Prior to joining CEA, Ventura served as Senior Project Manager for the Ohio House

  • f Representatives under Speaker William Batchelder. Ventura also served as

Legislative Aide and Clerk of the Policy and Legislative Oversight Committee for State Representative Michael Dovilla. Ventura provided strategic counsel on policy issues ranging from electricity generation and manufacturing to cybersecurity and travel and tourism. He holds a Master’s degree in Public Administration from The American University with a focus on State / Local Government and Management Consulting and a B.A. in Adolescent Young Adult Social Studies Education from Baldwin Wallace University.

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Manufacturers’ Education Council Northern Ohio/Western Pennsylvania Energy Management Institute

September 25, 2018

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CONSUMER ENERGY ALLIANCE Consumer Energy Alliance

The mission of CEA is to improve consumer understanding of our nation’s energy security, including the need to reduce reliance on imported oil and natural gas, maintain reasonable energy prices for consumers, and continue efforts to diversify our energy resources.

Oil, Gas & Nuclear Association Chamber of Commerce Consumer Discretionary Services Trucking/Transportation/Logistics Manufacturing/Chemicals Independent Oil & Gas/Support & Services Engineering/Machinery/Construction Other Agriculture/Food & Beverage Power Generation/Utility

Membership Makeup by Industry

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CONSUMER ENERGY ALLIANCE Membership and Operations

  • ~280 Affiliate Members
  • Every aspect of economy
  • 65% are consumers
  • ~550,000 Individual Members from across the U.S.
  • 180K+ followers on social media
  • Chapters: CEA-AK, CEA-FL, CEA-TX, CEA-Northeast, CEA-Southeast,

CEA-Midwest, CEA-Mid-Atlantic, CEA-Rockies

  • Campaigns: CEA has been actively involved in more than 125 local, state

and national Campaigns since 2006

  • Organization: Campaign-focused & outside of the Beltway where long-

term energy fights are occurring

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CONSUMER ENERGY ALLIANCE Energy Solutions for Families, Farmers, and Factories

The mission of CEA is to improve consumer understanding of our nation’s energy security, including the need to reduce reliance on imported oil and natural gas, maintain reasonable energy prices for consumers, and continue efforts to diversify our energy resources. Families:

  • Families all across the United States, particularly those on fixed incomes,

deserve sensible, all-of-the-above energy solutions that help maintain supplies and keep prices low Non-partisan:

  • Energy is not a partisan issue. It affects every man, woman, and child in this

country Environmental protection:

  • It is critical that we continue to press industry to use the latest innovation and

modern technology to improve the environment. CEA agrees that the environment is vital to future generations Energy Solutions:

  • CEA represents families and businesses ho are seeking energy solutions.

Simply saying “no” is not a solution. As a nation, we must do all we can to meet

  • ur energy needs using every available resource. Energy solutions and

environmental improvement CAN and MUST go hand-in-hand.

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CONSUMER ENERGY ALLIANCE The Trump Energy Policy & American Manufacturing: Three Questions

  • What is Energy

Dominance?

  • How do we achieve Energy

Dominance?

  • What is the impact for

American Manufacturers?

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  • Reduce American dependence on

foreign energy supplies – particularly from countries that don’t share America’s world view (Middle East, Russia, Venezuela)

  • Reduce energy prices for American

energy families, farms and factories

  • Create jobs and grow the economy
  • Export energy & energy technology

to American allies around the world

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CONSUMER ENERGY ALLIANCE Trump Administration: American Energy Dominance Agenda

  • Increasing Domestic Energy Production
  • Expanding & Protecting Energy Infrastructure
  • Ending the War on Coal
  • Exporting American Energy
  • Reducing the Regulatory Burden on Domestic Energy

Production

  • Reducing the Tax Burden on Energy Producers

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CONSUMER ENERGY ALLIANCE

  • Offshore Energy
  • OCS Leasing
  • OCS Regulatory Certainty
  • OCS Exploration – Seismic

Permitting

  • Offshore Wind Leasing

and Permitting

  • Onshore Energy
  • Increased Leasing on

Federal Lands

  • ESA Reform
  • Hydraulic Fracturing

Regulatory Reforms

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Trump Administration: Increasing Domestic Energy Production

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CONSUMER ENERGY ALLIANCE

  • Pipeline Permitting
  • Cross-border Crude Oil

Pipelines

  • Keystone XL
  • Dakota Access
  • Natural Gas Pipelines
  • Electric Grid Resilience
  • DOE Grid Resilience Study
  • FERC Resilience Docket

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Trump Administration: Expanding and Protecting Energy Infrastructure

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CONSUMER ENERGY ALLIANCE

  • Examined the implications of

activist policy demands and the impact on supply by 2030 from:

  • Failure to permit and construct new

pipeline infrastructure

  • Inability to obtain necessary

permits for electricity generation

Families, Communities, and Finances: The Consequences of Denying Critical Pipeline Infrastructure

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CONSUMER ENERGY ALLIANCE Pipelines for America: The Importance of Energy Infrastructure

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  • 31% national electricity shortfall

by 2030

  • Generation capacity = 12 states:

CA, TX, NY, FL, OH, and all of New England

  • Major energy security impacts –

stranding as much petroleum as we import from Russia/OPEC

  • Loss of over $15.3 billion in

private investment

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CONSUMER ENERGY ALLIANCE The Importance of Energy Infrastructure: Midwest / Mid-Atlantic

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  • Significant changes in regional

generating fleet from retirements of coal and nuclear

  • 44.8% Midwest/Mid-Atlantic

electricity shortfall by 2030 (EIA 2016 Outlook data & renewable assumptions)

  • Over 7.8 million people at or

below poverty in the Midwest would be affected

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CONSUMER ENERGY ALLIANCE Trump Administration: Ending the War on Coal

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  • Withdrawing from the Paris Climate Change Treaty
  • Signed by President Obama and required carbon emission cuts and $3 billion in payments

to UN

  • Trump announced withdrawal on June 1, 2017
  • Rescinding the Climate Action Plan
  • Obama Administration Executive Order
  • Trump issued Executive Order rescinding the plan on March 28, 2017
  • Reforming the Clean Power Plan
  • Obama Administration rules for new and existing coal fired power plants
  • Proposed Affordable Clean Energy Regulations to replace CPP on August 21, 2018
  • Rescinding the Stream Protection Rule
  • Obama Administration regulations which severely restricted mountaintop mining
  • Congress passed, and President Trump signed, Congressional Review Act resolution which

revoked the rule on February 16, 2017

  • Ending the Moratorium on Federal Coal Leasing
  • Obama Administration DOI suspended coal leasing while a review was conducted on

royalty rates

  • Secretary Zinke lifted the moratorium on March 29, 2017
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CONSUMER ENERGY ALLIANCE

  • Utilizing Energy Exports to

Achieve US Geopolitical Goals

  • Crude Oil Exports
  • Natural Gas Exports
  • Energy Technology Exports

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Trump Administration: Exporting American Energy

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CONSUMER ENERGY ALLIANCE Trump Administration: Reducing the Regulatory Burden on Domestic Energy Production

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  • Executive Order on Regulatory Relief – One in/Two Out
  • Signed on January 30, 2017
  • NEPA Reform
  • Reforms to NEPA proposed on February 12, 2018
  • ESA Reform
  • Jointly proposed by DOI and Commerce Department on July 19, 2018
  • WOTUS Reform
  • Obama Administration extended Clean Water Act protections to non-navigable

waters

  • Clean Air Act Regulations
  • EPA has proposed revisions to New Source Review regulations to allow power

plant upgrades

  • EPA is reviewing multiple other Clean Air Act regulations for potential revisions
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CONSUMER ENERGY ALLIANCE Trump Administration: Reducing the Tax Burden on American Energy

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  • President Trump signed the 2017 Tax Cut and Jobs Act in

December 2017

  • The bill significantly reduces corporate tax rates
  • Maintains critical expensing rules for oil & natural gas production
  • Allows 100% expensing for oil and natural gas production costs-

allows producers to re-invest immediately

  • Has allowed more than 110 utilities to reduce electricity rates
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CONSUMER ENERGY ALLIANCE

  • In 2008, the United States

imported more than 60% of the oil and petroleum products we used

  • Our dependence allowed OPEC to

control the worldwide price of oil

  • The U.S. spent $334.2 billion on

imported oil in 2008

  • Between 2008 and 2018, the

United States doubled the amount of domestic crude and natural gas production

  • US is now the largest producer of

crude oil in the world

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Impact: Reducing American Dependence on Foreign Energy Supplies

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CONSUMER ENERGY ALLIANCE Impact: Reducing Energy Prices for Families, Farmers, and Factories

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  • Between 2008 and 2018, the United States doubled the amount of

domestic crude and natural gas production – and prices have dropped

  • Crude oil prices have fallen from $147 per barrel in July 2008 to $71 in July

2018

  • Natural Gas prices have fallen from $12.69 per MBTU in June 2008 to $2.97 in

June 2018

  • Gasoline, diesel and jet fuel prices are directly tied to crude oil prices
  • July 2008 Gasoline prices - $4.27 per gallon
  • July 2018 Gasoline prices - $2.58 per gallon
  • Energy Prices are significant costs for American Families, Farms and

Factories

  • Average American Family has saved $1200 per year on gasoline since 2008
  • Energy costs is second highest input for American farmers (behind labor)
  • Energy costs are the highest input for steel manufacturers
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CONSUMER ENERGY ALLIANCE Impact: Creating Jobs and Growing the Economy

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  • American nuclear plants employ over 100,000 directly and 375,000 indirectly

in the United States – with an average of 36% more than average local salaries

  • Oil and natural gas development contributes more than $1.2 billion to the U.S.

economy annually and supports more than 9.2 million jobs

  • Construction of the Keystone XL Pipeline will create and support more than

42,000 jobs according to the State Department

  • The Atlantic Coast Pipeline will create 17,000 new jobs and contribute $2.7

billion to the regional economy

  • Natural gas development in Ohio has led to more than $40 billion in consumer

cost savings from 2006 to 2016

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CONSUMER ENERGY ALLIANCE

  • Lower Input Costs
  • Natural Gas prices
  • Chemical prices
  • Steel and Aluminum prices
  • Lower Transportation Costs
  • A Stronger Economy = More

Demand

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Impacts for American Manufacturers

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CONSUMER ENERGY ALLIANCE Key Takeaways & Closing Thoughts

  • Trump Administration setting an aggressive, pro-energy agenda
  • Heavily focused on job creation and growth
  • Activists are organized, but have presented no viable alternative
  • r coherent plan –
  • Their demands = higher power/energy bills, potential blackouts, less

economic opportunity

  • Energy delivery requires energy infrastructure
  • Pipelines and other energy infrastructure are ESSENTIAL for

Ohio’s and Pennsylvania’s Economy & Manufacturers -

  • Reduces poverty, improves personal security, and vital for rural

development

  • CEA wants to partner with you to develop critical energy

infrastructure and set a rational, all of the above energy policy

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CONSUMER ENERGY ALLIANCE

Contact Information:

Chris Ventura Executive Director – CEA Midwest cventura@consumerenergyalliance.org

QUESTIONS?

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