By Mike AllenOilfield development in Texas and the Dakotas is the stuff of nightmares.
From the tiny Texas-sized Bemidji oil field to the massive Bakken formation, the world’s largest, the oil and gas industry is on the verge of a meltdown.
It is the latest example of the way the United States is failing to invest in infrastructure and development as promised by President Donald Trump, whose “America First” agenda has been a major part of his reelection campaign.
And it’s the result of a failed strategy to secure the oilfields of the Dakots, which are a major source of the nation’s oil, gas, and mining exports.
The boom is in full swing, and the nation is still losing the race to develop the fields.
But Trump’s obsession with oilfield development has also brought to light some of the problems with the Trump administration’s approach to energy and the environment.
As The New York Times reported earlier this year, Trump and his cabinet have proposed slashing funding for environmental and social studies.
Environmentalists fear that Trump’s decision to cut funding for these programs could be the result, as well, of Trump’s efforts to boost domestic oil and natural gas production.
The oil industry is not the only one struggling to survive under the Trump presidency.
The Dakota Access Pipeline is nearing completion, and construction is scheduled to begin on the controversial Keystone XL pipeline that would carry crude from Canada to Texas.
The pipeline’s construction has been stalled since April because of a lawsuit filed by Indigenous tribes in Texas that claim that the pipeline threatens their water supply.
The Trump administration has also halted the construction of the Dakota Access oilfield, citing concerns over the pipeline’s impact on water resources.
But the oil industry may be the most exposed to the oil-and-gas boom.
The U.S. is the world leader in oilfield production, with more than a billion barrels of crude oil in the ground.
The country produces about one-third of the world oil and is the biggest producer of natural gas in the world.
But since 2016, the U.s. has been on a decline in production, which has put pressure on the oil market.
According to the Energy Information Administration (EIA), the United Kingdom is the third largest oil producer in the U