The oil and gas industry has a “to do” list for President-elect Donald Trump.
The lobby group American Petroleum Institute has asked Trump to swiftly authorize liquefied natural gas exports, expand drilling on federal lands, make pipeline permitting easier, repeal strict vehicle emissions and fuel economy standards, and keep current corporate tax rates in place.
This five-point road map is how the industry sees Trump’s three-word slogan “drill, baby, drill” translating into concrete policy. Trump told NBC News in an interview that aired Sunday that he intends to sign executive orders related to energy when he takes office on Jan. 20, without providing further detail.
Trump is setting up a National Energy Council that he says will oversee a path to U.S. energy dominance by cutting red tape. His pick for Interior secretary, North Dakota Gov. Doug Burgum, will chair the council and also have a seat on the National Security Council.
The council will consist of all federal agencies involved in permitting, production, generation, distribution and regulation of energy, Burgum said in a statement after Trump selected him for the position.
The oil industry doesn’t want to pump more oil or build more new LNG export terminals. It’s pumping and exporting record amounts and making record profits. It wants Trump to stop Biden’s clean energy boom, which threatens its long term survival.
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The oil and gas industry has a “to do” list for President-elect Donald Trump.
The lobby group American Petroleum Institute has asked Trump to swiftly authorize liquefied natural gas exports, expand drilling on federal lands, make pipeline permitting easier, repeal strict vehicle emissions and fuel economy standards, and keep current corporate tax rates in place.
This five-point road map is how the industry sees Trump’s three-word slogan “drill, baby, drill” translating into concrete policy. Trump told NBC News in an interview that aired Sunday that he intends to sign executive orders related to energy when he takes office on Jan. 20, without providing further detail.
Trump is setting up a National Energy Council that he says will oversee a path to U.S. energy dominance by cutting red tape. His pick for Interior secretary, North Dakota Gov. Doug Burgum, will chair the council and also have a seat on the National Security Council.
The council will consist of all federal agencies involved in permitting, production, generation, distribution and regulation of energy, Burgum said in a statement after Trump selected him for the position.
More: [https://cnb.cx/4gvjaZf](https://cnb.cx/4gvjaZf)
The oil industry doesn’t want to pump more oil or build more new LNG export terminals. It’s pumping and exporting record amounts and making record profits. It wants Trump to stop Biden’s clean energy boom, which threatens its long term survival.