Washington, D.C.—In response to the Trump administration’s energy week, Robbie Diamond, Securing America’s Future Energy (SAFE) President and CEO released the following statement:
“When America produces more and can increase energy exports, our nation is less vulnerable to the volatility of the global oil markets. SAFE is encouraged by the President’s America First energy policies and believes that they have the potential to unlock our nation’s abundant energy resources, increasing our economic and energy security. Through increased production the U.S. will lessen its reliance on imports and establish us at the forefront of the global energy market,” said Diamond.
President Trump’s announcements during energy week focused on safely producing more onshore and offshore energy that will not only create jobs, but also bring more stability to the global oil market.
“It’s important to remember the lack of a free oil market leaves U.S. companies at risk to the decisions made by OPEC and state oil companies that don’t share our belief for a fair, competitive and transparent market. To truly achieve energy security and maximize energy dominance, we must also use our resources efficiently and innovate our transportation sector that is so heavily reliant on a single energy source to other domestic fuels, so that we protect our economy from price volatility and increase the amount of energy we can export to others,” said Diamond.
Currently the United States alone consumes 20 percent of the world’s daily oil supply, and the U.S. transportation sector is 92 percent dependent on oil. Global oil supply is predominantly controlled by national oil companies owned by states which may not share America’s strategic priorities. SAFE supports the passage of H.R. 545 which would create a commission to study and understand how the actions of the Organization of the Petroleum Exporting Countries (OPEC) have impacted American economic and national security interests.
About Securing America’s Future Energy
Securing America’s Future Energy (SAFE) is an action-oriented, nonpartisan organization that aims to reduce America’s dependence on oil. Near-total dependence on petroleum in the transportation sector undermines the nation’s economic and national security, and constrains U.S. foreign policy. To combat these threats, SAFE advocates for expanded domestic production of U.S. oil and gas resources, continued improvements in vehicle fuel efficiency, and transportation sector innovations including electric vehicles, natural gas trucks, and autonomous vehicles. In 2006, SAFE joined with General P.X. Kelley (Ret.), 28th Commandant of the U.S. Marine Corps, and Frederick W. Smith, Chairman, President, and CEO of FedEx Corporation, to form the Energy Security Leadership Council (ESLC), a group of business and former military leaders committed to reducing the United States’ dependence on oil. Today, the ESLC is co-chaired by Frederick W. Smith and General James T. Conway (Ret), 34th Commandant of the U.S. Marine Corps.
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