BAKKEN OIL BUSINESS JOURNAL

BakkenJournal_June-July17

The BAKKEN OIL BUSINESS JOURNAL is a high-gloss, full-color magazine with a targeted distribution that gets our Advertisers in front of the RIGHT EYES in this industry. Direct mailed to Companies in the Bakken with bonus distribution at Energy Shows.

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Read online @ B A K K E N O I L B I Z . C O M / d i g i t a l - j o u r n a l 13 ➤ continued, pg 16 By: KATHLEEN SGAMMA | PRESIDENT AT WESTERN ENERGY ALLIANCE Optimism abounds in the oil and natural gas industry since November 9th when Donald Trump unexpectedly won the election. Like any industry, ours is a diverse one with all political viewpoints. But it was no secret that the Obama Administration was hostile to our industry and used regulatory overreach to make American development and production of oil and natural gas difficult. The optimism results from not having four more years of a hostile regulatory environment and the chance to overturn the redundant federal regulatory overreach that went far beyond reasonable oversight of oil and natural gas. That optimism increased as the new Admin- istration in its first few months issued orders to move forward with the KeystoneXL and Da- kota Access pipelines, and started the process to rescind the Waters of the U.S. rule, which wasn't about clean water but an out-of-control EPA grabbing more power. Optimism increased as Congress got in on the action and overturned the Bureau of Land Management's (BLM) Planning 2.0 rule, which The President's Executive Order on Energy Independence and Economic Growth was a clear signal this Administration is serious about clearing out federal regulatory overreach that provides little environmental benefit but kills jobs and economic opportunities. Trump's order also included the: • Clean Power Plan (CPP) • BLM venting and flaring rule • EPA OOOOa new source methane rules • BLM hydraulic fracturing rule • National Park Service oil and gas rule • National Wildlife Refuge System oil and gas rule • President Obama's mitigation memo • Council on Environmental Quality's Guidance on Cli- mate Change • White House Climate Action Plan • Social Cost of Carbon (SCC) • Social Cost of Methane (SCM) A Changed Regulatory Environment: Next Steps after the Trump Energy Independence Executive Order Photo by Renae Mitchell - renaemitchell.com TRUMP'S IMPACT ON ENERGY

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