US President Trump signed an Executive Order last Thursday for Federal Agencies to cut regulations that impede economic growth.
The US Oil and Gas Industry is one of the most heavily regulated Industries by the Federal Government.
(i.e. The Department of the Interior, ‘BOEM’ Bureau of Ocean Energy Management, ‘BSEE’ Bureau of Safety and Environmental Enforcement)
Trump’s Order will instruct Federal Agencies ”to use any and all authority to waive, suspend unnecessary regulations that impede economic recovery.” Agencies should address this economic emergency by rescinding, modifying, waiving, or providing exemptions from regulations and other requirements that may inhibit economic recovery.”
More steps in the right direction,
Smith
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