Washington: The Trump administration is preparing an ambitious energy program aimed at strengthening oil and gas production, with rapid implementation upon entering the White House. Permits to export liquefied natural gas (LNG) could be approved on an accelerated basis and new measures to boost oil drilling are planned, according to people familiar with the matter. This program reflects the commitments made by Donald Trump during his campaign, where he promised to make oil and gas pillars of his energy policy. On his first day in office, he could sign executive orders to repeal some regulations passed under Joe Biden, including tax credits for electric vehicles and standards for cleaner power plants. “Americans can count on President Trump to keep his promises on day one“said Karoline Leavitt, spokesperson for the transition.
LNG at the heart of priorities
Trump aims to revive LNG exports by lifting the freeze imposed by the Biden administration on new permits. This blockage, intended to assess environmental impacts, slowed down several projects. Currently, five LNG export projects, already approved by the Federal Energy Regulatory Commission, are still awaiting the green light from the US Department of Energy. “The LNG issue is strategic, and Trump intends to take a firm stand on it“said a source.
Boosting national oil production
The Trump administration is also considering restocking the U.S. Strategic Oil Reserve, widely used by Biden to counter price hikes caused by the war in Ukraine and the pandemic. Such a resupply would boost near-term oil demand while encouraging domestic production. This strategy could include expediting drilling permits on federal lands and reopening five-year plans for offshore drilling.
Symbolic support for Keystone
Among the flagship measures, Trump could revive the Keystone oil pipeline, a multi-billion dollar project stopped by Joe Biden on the first day of his mandate. This gesture would be a strong signal of Trump's commitment to the oil sector.
Pressure on the International Energy Agency
The International Energy Agency (IEA), often criticized by the Trump administration for its policies to reduce carbon emissions, could face increased pressure. Dan Eberhart, chief executive of Canary, an oilfield services company, said: “Trump must remind the IEA of its main mission: to guarantee energy security and not give in to greenwashing.“
Accelerated implementation thanks to decrees
The energy program could circumvent regulatory hurdles with an emergency proclamation in the first days of the term. This would quickly implement the changes needed to promote fossil fuel production, a key focus of Trump's economic and geopolitical policies.
With this program, Donald Trump clearly demonstrates his desire to put oil and gas back at the heart of American growth, while consolidating the position of the United States as a world leader in the energy sector.
Commenter ???????? Trump prepares to restart the American oil and gas machine
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