It is sometimes hard to figure out the President, on one hand he says he is an environmentalist, on the other hand his administration has proposed to take away every Obama-era limits on the oil and gas industry. Perhaps the administration just does not like Obama and wants to turn back the clock, however many people and companies do not want to turn back the clock. In an article by Timothy Gardner of Reuters, some of the large energy companies such as BP and ExxonMobil favor the regulations regarding methane. They would prefer a consistent standard as opposed to various state standards. They also believe climate change is real and want to do their part although much slower than environmentalist want them to. When the article came out in late August, the world was watching the Amazon fires and a Hurricane coming towards Florida and each year it seems to be getting stronger.
There is never one reason, but many, however something is changing. The people who are in charge of the air and water says the proposal only removes unnecessary and duplicative regulatory burdens from the oil and gas industry EPA administrator Andrew Wheeler said.
It is hard to believe that is accurate when the EPA has not charged anyone when leaks of oil and natural gas happen, but maybe there is over regulation. It is up to you to believe the correct story.
Linking to dividend paying stocks, often times the public and companies get ahead of the government regulations and rolling the regulations back while sounding nice as a political soundbite is not the solution the public is looking for. It is not likely the oil and gas sector will make billions of dollars extra for the easing of regulations, but may lose when the public makes it choices in energy solutions. There are winners and losers when government regulations come on and come off, but the public has to buy into the benefits.
There are more questions than answers, till the next time – to raising questions.