Billionaire now President Donald Trump hopes to free up American energy production, oil and gas in particular, by encouraging more drilling.
Donald Trump will indeed declare a “state of energy emergency”. A campaign promise, the new President of the United States intends to free up American energy production by reversing certain decisions taken by Joe Biden to fight against global warming.
“We are going to drill, drill, drill” declared Donald Trump in front of a won over crowd.
“The United States will once again become a manufacturing nation,” the new president added during his inauguration speech. “And we will have something that no other manufacturing nation will ever have, namely the largest quantity of oil and gas.” .
Gallon of fuel below 2 dollars
To achieve his goals, the businessman will reverse numerous measures put in place by the previous administration. The latest is the ban on any new offshore oil or gas drilling in a maritime area covering more than 2.5 million square kilometers.
With the increase in drilling, Donald Trump promises to “lower inflation” by committing to halve the price of energy. He thus hopes to drop the price of a gallon of fuel – a key indicator for Americans – below $2. However, this decline also depends on global market fluctuations, OPEC decisions and the geopolitical situation.
-Return of thermal vehicles
Another measure put in place by his predecessor that Donald Trump announced he would unravel: federal incentives in favor of electric vehicles.
“I will keep my promise to American car manufacturers,” he said.
“You will be able to buy the vehicle of your choice,” added the billionaire. “We will develop the automobile industry like never before in the history of our country.”
Other measures Trump could forego include government regulations on vehicle pollution and fuel efficiency, which have nonetheless helped reduce U.S. greenhouse gas emissions.
