Energy Secretary Rick Perry implored energy industry leaders on Wednesday to embrace a new era of innovation enabled by fewer regulations, fossil-fuel development and Trump tax cuts.
Perry said the United States can achieve this future only by casting aside the “energy pessimism” of past generations, which held that the United States could not produce new fossil fuels cleanly or affordably.
“Energy security is a road map to economic prosperity,” he said at IHS Markit’s CERAWeek in Houston. “It’s a road map that our nation has tried to follow, though we’ve had some detours along the way. But today, we have the opportunity to reaffirm a new direction. I call it the new energy realism.”