Trump advisers push him to target OPEC,
regulations in big energy speech
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[May 25, 2016]
By Valerie Volcovici
WILLISTON, North Dakota (Reuters) - Two
energy advisers to Donald Trump want him to call out members of the
Organization of the Petroleum Exporting Countries for driving down world
oil prices when he delivers a major energy policy speech this week.
The advisers, who said they had been asked by Trump's 2016
presidential campaign to contribute ideas for the speech, told
Reuters they had also suggested he mention cuts to regulations and a
streamlining of the federal tax code to make U.S. energy companies
more competitive.
The advisers, U.S. Congressman Kevin Cramer of North Dakota and
another who asked not to be identified, said they had urged Trump to
criticize the OPEC cartel for contributing to a crash in world oil
prices by producing full throttle, a factor that has helped push
many U.S. oil companies into bankruptcy.
"We have to look at the global playing field and see which of our
partners - OPEC, Iran, Russia - are playing fair in the global
marketplace," Cramer said about the advice he had been giving Trump.
Trump, the presumptive Republican presidential nominee, has not
shied from targeting OPEC's top producer, Saudi Arabia, in the past.
He has said the United States should consider halting oil purchases
from the kingdom if it does not provide troops to fight Islamic
State militants who control swaths of Syria and Iraq.
 Trump's speech on Thursday at the Williston Basin Petroleum
Conference in North Dakota, the heart of U.S. drilling country that
has been hard hit by the oil price slump, may reveal for the first
time how he will approach the energy sector if elected.
A spokeswoman for Trump's campaign declined requests for comment and
it was unclear whether Trump would use any the ideas provided by the
advisers.
Trump has so far been mostly mute on details of his energy policy.
He has dismissed climate change as a hoax, promised to renegotiate
the U.N. global climate accord, and vowed a revival in the U.S. coal
industry, which has been hobbled by low prices and rules that limit
pollution emissions.
Environmental advocates and Hillary Clinton, the frontrunner for the
Democratic nomination, have criticized his stance for underplaying
the economic and social risks of climate change. FOREIGN OWNERSHIP
Cramer, who cosponsored a bipartisan bill to investigate OPEC's
influence in the oil market, said Trump should examine Saudi and
Venezuelan ownership stakes in U.S. refineries that import foreign oil
instead of using domestic supply, if he is elected president.
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Republican U.S. presidential candidate Donald Trump holds a rally
with supporters in Albuquerque, New Mexico, U.S., May 24, 2016.
REUTERS/Jonathan Ernst

"One-third of (U.S.) refining capacity is owned by OPEC countries.
How does this fit into (Trump's) America first policy?" Cramer said.
Cramer's suggestions, and those of the second adviser Reuters
interviewed, have been sent to Trump senior policy advisers
including John Mashburn, who is expected to help draft Trump's
speech, according to sources familiar with the campaign.
Mashburn could not be reached for comment.
The organizer of Thursday's conference, North Dakota Petroleum
Council President Ron Ness, said 7,700 people were expected to
attend, many probably hoping for assurances from Trump that he will
help the oil industry be more competitive.
"We can manage the cyclical nature of the market but what we are
struggling with is the daily onslaught of punitive regulations," he
said.
Cramer has suggested to Trump that he ease regulations like the
Clean Power Plan, which is aimed at curbing emissions scientists
believe contribute to global warming. He also wants Trump to
consider the scope of waterways protected under the Clean Water Act.
(Reporting By Valerie Volcovici; Editing by Richard Valdmanis and
Ross Colvin)
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