Bracewell’s Scott Segal explained to S&P Global that President Donald Trump’s energy emergency declaration differs from that of President Jimmy Carter’s, which addressed challenges such as the effects of the 1973 oil embargo and the 1979 oil shock.
“The Carter administration did use emergency authority to expedite energy projects by compelling regulatory relief in certain cases,” Segal stated. “Emergency authority was deployed to diversify the portfolio of energy sources, whereas the Trump administration may be more narrowly focused on just increasing fossil fuel production.”