It’s always nice to have some Presidential attention in your area. On Wednesday, President Trump visited a Double Eagle oil rig near Midland and called attention to the national importance of the oil and gas industry. Notably, the President specifically mentioned the energy potential of New Mexico on multiple occasions. It’s nice to have the nation reminded that so much of the Permian and Delaware Basin’s oil reserves are in New Mexico. Carlsbad is at the epicenter of our country’s oil and gas potential, so there’s no doubt that many of our citizens were paying close attention to what was said on Wednesday.
President Trump addressed efforts to stabilize oil and gas prices after the bottom fell out several months ago. He said this included negotiations with Saudi Arabia, Russia, OPEC and Mexico that cut nearly 10 million barrels a day, allowing prices to stabilize.
The President also announced that export authorizations for American liquefied natural gas can now be extended through the year 2050. Finally, he signed several permits allowing the export of Texas crude to Mexico and granting approval to use pipeline and railway infrastructure.
The President also addressed issues related to COVID-19, including touting an increase in personal protective equipment and antiviral treatment. He also stated that a promising vaccine has entered the final stage of clinical trials. According to the U.S. Department of Health and Human Services, a Phase 3 clinical trial for a vaccine has in fact begun and is being tested. This is a very promising development.
-From the office of Mayor Dale Janway
Photo Source- Sammy Gardea