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Hold These Truths with Dan Crenshaw
Reversing Four Years of Bad Energy Policy | Mike Sommers
Jan 10, 2025
Mike Sommers, President and CEO of the American Petroleum Institute, shares insights into the impact of recent anti-fossil fuel policies and the potential for reversing them under a new administration. He discusses the realistic portrayal of the oil industry in media, particularly addressing the series 'Landman.' Topics include the environmental benefits of natural gas, challenges posed by electric vehicle regulations, and the necessity for a balanced energy mix in light of increasing demands in Texas. Sommers emphasizes the industry's role in a sustainable future.
39:22
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Quick takeaways
- The podcast emphasizes how the Biden administration's anti-fossil fuel policies have drastically curtailed oil and gas leasing, threatening future energy availability.
- Technological innovations in drilling and fracturing are portrayed as vital for maintaining U.S. energy independence amidst regulatory challenges affecting fossil fuel production.
Deep dives
Impact of Energy Policies
The podcast discusses the significant effects of recent energy policies on the fossil fuel industry. It highlights the anti-fossil fuel stance taken by the current administration over the past four years, leading to a notable decline in leasing for oil and gas development on federal lands. This drop in leases, particularly a reported 97% decrease, is cited as a crucial point in understanding the limitations placed on energy production during this period. The conversation emphasizes the potential long-term consequences of such restrictions on energy availability for the future.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode