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President Trump’s cabinet has been busy rolling back regulations that will make it far easier to extract and produce fossil fuels. But who will buy them?
Nearly everyone, it turns out, particularly under the threat of tariffs.
At an annual energy-industry conference in Houston, executives spoke openly about how companies from around the world are seeking to buy American liquefied natural gas as a way of placating Mr. Trump’s demands to either balance trade or face punitive measures.
soar777Nations with a trade imbalance with the U.S. are “all asking themselves, ‘What can we do to try to level the playing field?’” said Meg O’Neill, chief executive of Woodside Energy, Australia’s biggest oil and gas company.
They are cutting deals now, she said, in large part “so their government can say, ‘We’re taking action. We hear you, Mr. President.’” Her characterization was echoed by Ryan Lance, chief executive at ConocoPhillips, one of the largest U.S. oil and gas producers, and other speakers at the conference, known as CERAWeek by S&P Global.
Since President Trump took office, oil and gas companies from nearly every continent have dangled the possibility of investing billions of dollars in the United States.
This month Japanese, Taiwanese and Korean companies revived a $44 billion idea — long considered all but financially impossible — to build pipelines and a giant terminal in Alaska that would export natural gas to Asia. Ukraine, eager to preserve its weapons supply from Washington, has signaled it will buy more American gas. South Africa,mgbet slots its aid frozen by Mr. Trump, is trying to cut a deal to expand U.S. companies’ drilling rights in its waters.
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Even so, there’s plenty to worry about.
The reopened Mii amo hotel includes renovated accommodations, extensive wellness facilities and the new Hummingbird at Mii amo restaurant, above, which emphasizes seasonal local produce.Credit...Ken Hayden
After being closed for two years, this longstanding escape amid the red rocks of Sedona has reopened following a $40 million renovation and expansion. Part of the Relais & Châteaux hotel network, the hotel’s new additions include the Hummingbird at Mii amo restaurant, where you can enjoy seasonal local produce. There’s also a 3,300-square-foot movement and fitness studio; a reflexology path designed to massage and engage acupressure points on your feet; an expanded spa, where you can get a massage with CBD oil and try reiki or hypnosis; and a yoga lawn.
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