U.S. Oil Industry Hesitates as Trump Promises Energy Revolution

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Tariffs,Trade War,Oil

The transition team of incoming U.S. President Donald Trump is already drafting an energy package to expand domestic oil and gas drilling

Team Trump is preparing to make sweeping changes to the U.S. energy sector on day one. Boosting U.S. oil and gas drilling and accelerating permits for domestic energy infrastructure and LNG exports are expected to be top priorities for the new administration. While many of the President-elect's energy proposals are on the wish list of the U.S.

The nomination of Doug Burgum, the Governor of North Dakota, to be the interior secretary and head of a new National Energy Council at the White House, is also a signal to the industry that America's leadership in fossil fuel production and exports are also high on Trump's agenda.

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