Reports from U.S. Energy Information Administration and global trade statistics

Trump's National Energy Council to Boost U.S. Oil and Gas, Aim for Global Dominance

Nov 30, 2024, 08:55 AM

President-elect Donald Trump is set to establish a National Energy Council aimed at promoting U.S. oil and gas drilling to achieve American 'energy dominance' globally. This initiative marks a significant shift from President Joe Biden's emphasis on climate change. Trump's policy includes plans to prioritize domestic energy production from day one of his presidency, aiming to lower inflation, strengthen national security, and reduce energy costs for families. The council will have sweeping powers to support U.S. oil and gas production, with a focus on selling energy sources to allies worldwide. This move is seen as a response to voter frustration over the cost of living and gas prices, which have escalated since January 2021. Trump's energy policy will put LNG at the heart of his government's 'drill, baby, drill' approach, aiming to reduce emissions and secure energy independence.