President-elect Donald Trump is creating a National Energy Council that he says will establish U.S. “energy dominance” around the world.
‘I’m just happy I get to explore at an early age’: 12-year-old boy overcomes disability to pursue sports, adventures
FILE - Gov. Doug Burgum, R-ND., speaks during the Republican National Convention on Wednesday, July 17, 2024, in Milwaukee. But the president-elect's energy wishes are likely to run into real-world limits. For one, U.S. oil production under Biden is. The federal government cannot force companies to drill for more oil, and production increases could lower prices and reduce profits.
American Fuel & Petrochemical Manufacturers, which represents U.S. refineries, also opposes potential tariffs, saying in a statement that “American refiners depend on crude oil from Canada and Mexico to produce the affordable, reliable fuels consumers count on every day." Still, “market dynamics will always be the key'' for any potential increase in energy production, Meyer said.
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