"We have the largest amount of oil and gas of any country on Earth, and we are going to use it, Trump said. We will bring prices down, fill our strategic reserves up again right to the top and export American energy all over the world. We will be a rich nation again, and it is that liquid gold under our feet that will help to do it."
"The U.S. became a net energy exporter in 2019, during Trumps first term a status maintained under the Biden administration. In 2024, the U.S. reached an annual record of 13.2 million barrels per day of crude oil production, according to the Energy Information Administration. Last week, the EIA forecast additional growth for U.S. crude oil production this year in its most recent short-term energy outlook."
"Last week, the EIA forecast additional growth for U.S. crude oil production this year in its most recent short-term energy outlook. America is also already the worlds largest exporter of liquified natural gas, according to the EIA. The Biden administration paused the approval of additional LNG export facilities last January, with several project proposals awaiting approvals at that time. Ahead of the inauguration, the Trump administration said that it intended to undo this pause and expand LNG exports further."
Policies include declaring a national energy emergency on day one and prioritizing expanded oil and gas development, strategic reserve replenishment, and greater exports. The U.S. reached a 2024 record of 13.2 million barrels per day of crude oil production and became a net energy exporter in 2019, with forecasts projecting further growth. Liquified natural gas export capacity is targeted for expansion after a prior pause on approvals. Plans also include rolling back prior vehicle emissions standards and withdrawing from the Paris Agreement, with the stated goal of lowering prices and boosting national economic wealth through fossil fuel use.
Read at ABC7 Los Angeles
Unable to calculate read time
Collection
[
|
...
]