Incoming White House officials say President-elect Trump will declare a national energy emergency after inauguration, aiming to boost domestic energy production. The move, they argue, is crucial for national security and staying ahead in the global AI race with China. Trump plans to sign an executive order focused on unleashing energy production in Alaska. While the President-elect promises to slash energy costs, oil executives caution that production levels are driven by market conditions, not political changes.
President-elect Donald Trump is poised to declare a national energy emergency after he is inaugurated, an incoming White House official said.Oil executives have said production levels are based on market conditions and are unlikely to increase simply in response to the new administration.
in a Jan. 8 interview."But probably not growth at the rate that we've seen over the last number of years as particularly some of these new shale plays begin to mature," Wirth said. There are areas in the Gulf of Mexico that have not opened up due to federal permitting, Woods said at the time. The Biden administration had planned the fewest oil and gas leases sales in history in a five-year program that runs through 2029.
NATIONAL EMERGENCY ENERGY PRODUCTION DONALD TRUMP ALASKA CHINA
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