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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (1014572)5/5/2017 3:11:04 PM
From: Wharf Rat  Read Replies (1) | Respond to of 1573927
 
Big Oil gets huge subsidies from taxpayers, but rejects using U.S.-made steel
Oil and gas companies are speaking out against Trump’s domestic steel mandates

Big Oil gets huge subsidies, some $38 billion over 10 years, from American taxpayers to support job creation and domestic production. But don’t go asking the industry to buy domestic steel in return, because, hey, unnecessary government interference in their business would kill jobs.

During the campaign, Donald Trump repeatedly promised that new oil pipelines would be made with American steel. Days after taking office he issued an executive memorandum requiring the Commerce Department to “develop a plan” for all new, retrofit, or expanded pipelines to be made with U.S. steel.

“If you want to build pipelines in this country you’re going to buy your steel here,” Trump said.

But, as Axios has reported, now the oil and gas industries have weighed in, and they are totally opposed to any government requirement that they build their pipelines out of domestic steel.

The American Petroleum Association and other energy associations have written a 39-page report on why a mandate is a terrible idea, warning that, “Domestic sourcing requirements could undermine the ability to achieve the positive economic impacts, including job growth, associated with pipeline manufacturing and construction.”

The company building the Dakota Access pipeline, Energy Transfers Partners (ETP), wrote to the Department of Commerce that forcing the company to build pipelines from American steel would “severely delay project schedules, drive up costs, decrease availability, and lower quality.”

ETP reports that in recent years, while two thirds of its pipe was made in the United States, under one fifth of its steel is domestic (see chart below).



CREDIT: Dallas Morning NewsETP, which received approval from the Trump administration for the Dakota Access pipeline in February, said that while the president’s idea was “well-intended,” it is, sadly, “unworkable and not in the best interests of pipeline safety and integrity.” Ironically, this statement comes from a company that spilled over 2 million gallons of drilling fluids into Ohio wetlands just last month.

Luckily for them, as ThinkProgress reported in March, it’s almost impossible to design a legal version of such a policy?—?which also happens to be opposed by Congress. The Trump administration itself immediately put a huge loophole in the order, exempting the Keystone XL pipeline.

thinkprogress.org



To: Wharf Rat who wrote (1014572)5/5/2017 4:26:53 PM
From: Bonefish  Read Replies (1) | Respond to of 1573927
 
Obama set the bar for narcissism.

Trump may surpass it but I don't care as long as he does what he says he is going to do.



To: Wharf Rat who wrote (1014572)5/5/2017 9:59:48 PM
From: Brumar89  Respond to of 1573927
 
And Sean doesn't feel bad about promoting the people that've ruined VZ.