As we near the inauguration of President-elect Donald Trump, increasing reports from Canada indicate that the administration of Prime Minister Justin Trudeau is moving away from fossil fuels as quickly as the country is able. With the Trump administration publicly focused on ramping up energy production and refinement, one has to wonder how these seemingly opposing world views will impact the historically amicable relationship between the two nations.
Perspective is a funny thing, isn’t it? In the United States, the debate over hydraulic fracturing has reached a fever pitch as protest groups across the country have sprung up to put an end to the practice of extracting shale from the Earth. Even saying the word “fracking” can get you lynched in Boulder, Colorado. In Japan, though, it’s a different story. Both the government and the population have embraced fracking wholeheartedly, even as the rest of the world seems to be dead set against it. What is it, though, that makes fracking such a venomous topic in the states where it’s perfectly reasonable in Japan?
It’s a brand new day, folks. With the election of Donald Trump as President of the United States (admit it, you were surprised no matter how you voted), it’s only natural to wonder what lies in store for the oil and gas industry in the next four years. Trump has spent a lot of time in the last several months doing his very best to befriend high-ranking members of the industry, so there’s nothing to indicate that good times aren’t on the horizon. However, President Trump will have to fight something of an uphill battle if he’s going to repair an already ailing industry.
It’s been a really tough year for people hoping to expand fracking projects in the United Kingdom. 2016 began with Greenpeace dropping a fracking installation piece in Parliament Square, and it’s looking to end with one of the most aggressive anti-fracking campaigns ever launched. Or so it may seem.
Though fracking has been practiced by the United Kingdom to some extent since the 1970’s, the government’s latest attempt to launch new fracking projects within its borders has met with extreme resistance. Those people who may have hoped to profit from the expanded fracking projects may need to look elsewhere, and those who may have been a little worried about another nation actively seeking their own source of shale gas may not have much to worry about when all is said and done.
In recent weeks, as the 2016 Presidential election has lumbered ever-closer, we’ve taken a look at the specific stances that both candidates bring into the fray. From Hillary Clinton’s knack for double talk to Donald Trump’s serious need for an education, no matter how things turn out, the oil and gas industry will end up in a state of flux. However, that may not be such a bad thing for oil and gas, as both candidates seem to have big plans for the future of oil and gas.