“It is imperative that the Federal government puts the physical and economic wellbeing of the American people first,” the text of the order read. It was further stated that the policies of the previous administration have negatively impacted the US energy industry and national security. “The United States’ ability to remain at the forefront of technological innovation depends on a reliable supply of energy and the integrity of our Nation’s electrical grid,” it said.
President Donald Trump is dismantling Biden admin energy policies to focus on boosting oil and gas production and exports, seeking energy dominance on a global scale. In his first day in office, the president withdrew the United States from the Paris Agreement, just as he had done during his first term, and reversed Biden’s ban on offshore oil and gas drilling in parts of the U.S. continental shelf. Instead, Trump said, “America will be a manufacturing nation once again, and we have something that no other manufacturing nation will ever have: the largest amount of oil and gas of any country on Earth.” The U.S. obviously has quite substantial reserves of both hydrocarbons and Trump has repeatedly stated he intends to make the best of these.
“We will bring prices down, fill our strategic reserves up again, right to the top, and export American energy all over the world,” he said of his plans for the energy sector.
The president-elect will compel policy shifts that would enable new oil and gas development on federal lands, while directing a rollback of Biden-era climate regulations.
While many of the executive actions will kick off a lengthy regulatory process, they’re set to touch the full spectrum of the US energy industry, from oil fields to car dealerships. They also underscore Trump’s determination to reorient federal government policy behind oil and gas production, a sharp pivot from Biden’s efforts to curb fossil fuels.