Market
First region with significant drilling increase under Trump by June 30, 2025?
2
Resolution / Starting Odds
Alaska • 25%
Gulf of Mexico • 25%
Midwest • 25%
Other • 25%
Reports from the Department of Energy or major energy companies
Story
Trump to Declare National Energy Emergency, Vows to 'Drill, Baby, Drill'
Jan 20, 2025, 04:12 PM
President-elect Donald Trump is set to declare a national energy emergency upon taking office, invoking emergency powers to unlock broad powers aimed at boosting domestic oil and gas production. The move seeks to reverse President Joe Biden's actions to combat climate change and enable new energy development on federal lands, including drilling in Alaska. Incoming administration officials confirmed that Trump plans to sign executive orders on day one to facilitate increased fossil fuel and mineral production, rolling back regulations to unleash affordable and reliable American energy. In a statement, Trump declared, 'We will drill, baby, drill,' signaling his administration's commitment to expand domestic energy resources and reduce high energy costs.
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