Having made it clear that US energy is a core spoke of Trump’s economic revitalization strategy, the president-elect’s transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects, increase oil drilling off the U.S. coast and on federal lands, and accelerating the replenishing of the Strategic Petroleum Reserve largely drained by Biden who did everything in his power to prevent oil prices from rising.
As reported by Reuters, the energy checklist largely reflects promises Trump made on the campaign trail, but the plan to roll out the list as early as day one ensures that oil and gas production will rank alongside immigration as a pillar of Trump’s early agenda.
Trump also plans to repeal some of Biden’s key climate legislation and regulations, such as tax credits for electric vehicles and new clean power plant standards that aim to phase out coal and natural gas, Reuters reported.
An early priority would be lifting Biden’s election-year pause on new export permits for LNG and moving swiftly to approve pending permits. Trump would also look to expedite drilling permits on federal lands and quickly reopen