Harold Hamm for Secretary of Energy--Wow...
Republican presidential candidate Donald Trump is considering nominating Oklahoma oil and gas mogul Harold Hamm as energy secretary if elected to the White House on Nov. 8, according to four sources close to Trump’s campaign.
The chief executive of Continental Resources <CLR.N> would be the first U.S. energy secretary drawn directly from the oil and gas industry since the cabinet position was created in 1977, a move that would jolt environmental advocates but bolster Trump’s pro-drilling energy platform.
Dan Eberhart, an oil investor and Republican financier, said he had been told by officials in Trump’s campaign that Hamm was “the leading contender” for the position.
Eberhart said he had discussed the possible appointment with top donors at the Republican National Convention in Cleveland this week.
Three other sources close to the Trump campaign confirmed Trump was considering Hamm for the post. One of the sources said he first heard that Hamm was a contender from Trump officials on Sunday.
Hamm, 70, became one of America’s wealthiest men during the U.S. oil and gas drilling boom over the past decade, tapping into new hydraulic fracturing drilling technology to access vast deposits in North Dakota’s shale fields.
Hamm’s future was discussed at a private fundraiser organized by a Trump Super PAC, Great America PAC, in Cleveland on Monday. Hamm was there, along with major donor Foster Friess and former Republican presidential candidate Ben Carson, one of the sources said, asking not to be named.
None of the sources was aware of who else Trump may be considering for the job.
Representatives for Trump and Hamm did not respond to a request for comment.
Past heads of the U.S. Department of Energy, which is charged with advancing U.S. energy security and technology and dealing with nuclear waste disposal, have typically boasted a political or academic background.
This is not the first time Hamm has been in contention for the job.
The Republican Party’s presidential nominee in 2012, Mitt Romney, vetted Hamm to be energy secretary but ultimately decided against him because the two men have differing positions on renewable energy sources like wind.
Hamm was due to speak at the Republican convention on Wednesday night.
He made headlines in 2015 after settling a protracted divorce case and agreeing to pay his ex-wife $975 million - reported to be the biggest divorce settlement in history. His fortune is now estimated at nearly $12 billion.
“FRACKER-IN-CHIEF”
Trump, who has yet to make any announcements about his prospective cabinet, has already surrounded himself with strong advocates of traditional energy sources like oil, gas, and coal and has promised to gut environmental regulations to boost drilling and mining if elected.
He tapped U.S. Congressman Kevin Cramer of North Dakota, a climate skeptic and drilling advocate, to help draw up his campaign energy platform, and picked Indiana Governor Mike Pence, also a climate skeptic, as his running mate.
Both moves cheered the energy industry but alarmed environmental activists who say a Trump presidency would set back years of progress on issues like pollution and climate change.
“Given that Hamm’s as close as we’ve got to a fracker-in-chief in this country, it would be an apropos pick for a president who thinks global warming is a hoax manufactured by the Chinese,” said leading environmental activist Bill McKibben.
Trump’s Democratic rival Hillary Clinton has promised to bolster regulation and increase use of renewable fuels to combat climate change if elected.
Read more: http://www.huffingtonpost.com/entry/trump-fracking-harold-hamm-ener...
Views: 2764
Replies to This Discussion
-
Permalink Reply by 208ef0t5wi05p on
-
Kitty,
That spreadsheet was for the first 5 months of 2014 starting in February. The prices of Oil, Gas and NGLs couldn't have been higher, and we were paid $57 an Acre for 2 months.
Chesapeake had no plans to share the wealth by following our leases which are No Deduction, Arms Length, Fair Market Sale lease at 17.5% Gross royalty. The payout was more like 2% or less.
There is no excuse for a US corporation to conduct theft due to greed. They want it all so they can buy anyone who could stop them from conducting theft.
Why do you think Shale Play States governors and atty gnls sit by and watch their own landowners being shorted royalties through criminal theft that they label a Civil Matter? Because they are getting a fraction of our share.
-
-
LOL tell Obama hello , in Hawaii
-
Permalink Reply by Steve P on
-
Henry is correct about DOE; generally, about 1/3 is to run the nuclear weapons complex (Los Alamos and Sandia National Labs and other operations, 1/3 Science/Renewable Energy, and 1/3 cleaning up the Cold War nuclear weapons production complex. The EIA (Energy Information Agency) does a great deal of reporting on O&G production and projections, but it is perhaps less than 1% of the DOE budget.
DOE plays a very limited role in the O&G industry, although the DOE labs have made a number of inventions that greatly improved drilling and exploration techniques. Sandia Lab invented the modern drilling bit some 25 years ago. Los Alamos developed a technology for cleaning up the waste water from fracking, and a company was started to commercialize that, but it seems to have not gotten off the ground (no pun intended) yet.
Mr. Hamm could, perhaps, bring some management expertise to the job, and that would be welcomed. Otherwise, his O&G knowledge would be of limited use. But then, DOE has had former senators and governors as Secretary, and they had very limited knowledge about what DOE does either.
We lived through those.
-
-
Kitty,
The reason theft of royalties is wrong, is that states and counties are raising taxes on Landowners to reap some of the royalties they think we are getting, so some will lose their farms. We now have a Land Bank in my County to use Real Estate Taxes to buy land from Land Owners who can't afford to pay the excessive Real Estate Taxes. We didn't vote for the Land Bank. This is government at it's finest.
In WV one county charged landowners taxes on Royalties they should have been paid, not the actual Reduced Royalties they were given. Some lost their Mineral Rights since they couldn't pay the taxes. This may have been corrected by the State of WV.
Families have children who lost their jobs and have to pay their way or they lose everything. They need the Royally more than CHK.
Families have members with Cancer and corporate greed is charging them $20,000 per month for miracle drugs. Royalties should cover that, but CHK wants to keep it all.
Chesapeake is using the "Our Buyer says you were overpaid" across OUR NATION. Chesapeake is the Buyer using Chesapeake Energy Marketing Inc. It's a scam that starts when the volume of product coming out of the ground is handed over to THEMSELVES in a BOGUS SALE. The Theft continues all the way to the final buyer, for products we no longer own, IF a sale had actually occurred at the well. Go figure that out.
The volumes can't be guaranteed as correct since most states like OHIO use the Honor System to let the producers take what they want and report what they want.
Chesapeake has no Honor when reporting well products. That was proven on the Indian Reservations and by the Federal Dept Of Interior. You can read that on line.
It's time for this theft to stop.
-
Permalink Reply by Max on
-
If you want to know about these land banks and why they were created see;
http://www.greaterohio.org/files/pdf/greaterohiolandbankreport5-15-...
-
-
Max,
Thanks for the website describing the Land Bank Purposes & the process.
The timing was very bad since mineral rights have become very important over the past 5 years, and having the Land Bank gives those in government access and money to purchase farms.
As it was pointed out by members of the Ohio Legislature recently, 3 out of 4 Ohioans don't trust our elected officials, and some county officials have been using inside information to buy land to take advantage of future development.
County governments become their own entity as being something no longer under the control of the people, like the Auditors Office doing their best to single my house out for tax increases at greater than the 3 year required re-assessment.
With the O&G companies promising royalties that they aren't going to pay now that they have drilled, the County staffed up in all areas and can no longer afford to pay for the Obama Care that has driven Medical Insurance out of reach. So we the People must live on less as the Real Estate Taxes are increased to meet the needs of the county government.
Tell me this isn't so.
-
Permalink Reply by jscottrx on
-
The Ancestral property passed down through the centuries is now my 2 bros and mine. and just found out that dad's sis (never married no kids) made her own investment in Terryville thus waiting for details. Since 2006 the southeast corner and the southwest corner of I-49 and LA175 which is half of our total approx. has generated $7,500,000 minimum gross cash.
The supply glut will cease to exist BEFORE winter 2016-2017. When the next supply shortage is realized, which is any time now, oh there is gonna be a lotta activity back in Haynesville central. Continuation of multi well pad new wells. re-frac'ing.
We have dealt with all the operators. CHK no prob. Exco our hero. Comstock our 2nd hero. No problems period. Lots of $$$ and energy for all. and cleaner than coal. and no having to blow up a mtn and haul away the mtn so as to easily get to the coal beds.
The Hamm development is the last nail in Sen. Byrd's coffin. rip.
What's with all you miserable posters?
The Shale Revolution? "We've only just begun...". lol.
Natural Gas. cheap. plentiful. homegrown. clean. natural. gas.
-
-
js,
"CHK no prob."
Nothing else you wrote could be believed after delivering that garbage.
A Nation Of Landowners being short changed by Chesapeake can't be wrong.
I have the evidence from their Revenue Department, which I've shared across the country, and in a law suit.
If their drillin their stealin!
- ‹ Previous
- 1
- 2
- 3
- Next ›
Support GoHaynesvilleShale.com
Top Content
Blog Posts
The Lithium Connection to Shale Drilling
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
Not a member? Get our email.
Groups
-
San Augustine, TX
386 members
-
Miller County, Arkansas
27 members
-
Sabine Parish, LA
455 members
-
South Caddo Parish Group
440 members
-
Natchitoches Parish
400 members
-
Bienville Parish, LA
244 members
-
Fayetteville Shale
149 members
-
North Caddo Parish
358 members
-
Central Texas Gas
63 members
-
Cass County, TX
119 members
© 2024 Created by Keith Mauck (Site Publisher).
Powered by
