Oil & Energy Investor by Dr. Kent Moors

Trump’s Proposed Budget Attacks Energy Innovation

by | published February 19th, 2020

In its detailed report released last Friday (February 14), the Information Technology and Innovation Foundation (ITIF) concludes that the proposed FY 2021 Trump budget would “slam the breaks on energy innovation.”

ITIF is a nonprofit, nonpartisan research and educational institute focusing on the intersection of technological innovation and public policy. It is widely recognized as the world’s leading science and technology think tank.

The White House budget request would slash federal investments in U.S. Department of Energy (DOE) applied research, development, and demonstration (RD&D) programs by more than 44% -the largest single-year cut ever-from $5.4 billion to $3.0 billion.

It reinforces the conclusion that the administration’s primary approach to energy needs is a continued reliance on traditional hydrocarbons with some allowance of alternative sourcing.

Here’s why adopting this proposed budget would be disastrous…

Here’s What’s on My Radar This Week

by | published February 18th, 2020

I’m working on four avenues of research at the moment, any or all of which could have an impact on energy investing heading into the second quarter and beyond.

1. The White House has proposed a record $4.8 trillion budget for fiscal 2021. There are cuts to energy on the table – I’m assessing the potential impact of those cuts.

2. Iraq, an important, if fragile, American ally in the strife-torn Middle East must import energy from neighboring Iran. Iraq has a “get-out-of-sanctions-free” waiver from the U.S. government to allow these imports. Now the U.S. could rescind that waiver, which could precipitate an energy crisis inside Iraq. I’m analyzing the impact.

There are two more things