Market
US oil production to increase by 20% in 2025 compared to 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
US Energy Information Administration (EIA) reports
Story
Trump Declares National Energy Emergency, Ends Green Agenda Using Cold War-Era Powers
Jan 26, 2025, 01:15 PM
President Donald Trump has declared a national energy emergency shortly after his inauguration, aiming to increase the production of oil and gas and signaling the end of the green agenda. This move is intended to 'unlock the liquid gold under our feet,' as stated by Trump, and is seen as a step towards unleashing American energy. The declaration grants the administration sweeping powers, including the ability to fast track pipelines, expand power grids, and support struggling coal plants, utilizing Cold War-era authorities. This policy shift is expected to have significant implications for climate change policies and could potentially limit China's influence in the energy sector due to its dominance in critical minerals.
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