Market
Primary focus of Trump's National Energy Council in 2024?
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Resolution / Starting Odds
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Natural gas (LNG) exports • 25%
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Renewable energy investments • 25%
Official announcements and policy documents from the National Energy Council
Story
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.
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