“Lawyers will have a day in the field with this,” says Hathaway, who is currently working as the director of the lawyers of a good government, a legal organization non -profit dealing with progressive support.
It is obvious that these up-to-date rules are only a gift for mining industries, such as drilling and extraction. Solar and wind projects – which the administration has repeatedly attacked, withdrawal of the lease agreement for the wind at sea and ordering Construction stopped In the case of already ongoing projects – in particular absence from the list of projects that can undergo accelerated schedules. But ironically, these orders only contribute to an increasingly uncertain environment for fossil fuel producers under the up-to-date Trump administration.
Even before the chaos caused by the day of liberation, Massive Oil stood in the face of potential counting with the president who helped to choose. While the slate oil boom at the beginning of 2010 rewarded management for increased production, this strategy led to too much supply, leading prices for a barrel to the inheritance during the first Trump administration. After pulling prices during a pandemic, investors with unlimited production.
“It is not government regulation that limits the growth rate of production in the United States. It’s Wall Street,” says Clayton Seigle, an older employee of the Strategic and International Studies Center, Think Tank based in Washington.
The industry was strengthened in the early 1920s along with the global energy crisis caused by the Russian invasion of Ukraine, but investors consider prices. Despite the climate of President Joe Biden, American oil and gas industry It became The world’s largest oil producer in 2023 and reached Record High production of 13.4 million barrels a day at the end of last year. The challenge within the Trump administration would be balancing the profitability with the president’s goal, which is to release “energy domination”. In the end, Trump said that he wanted oil to fall to $ 50 per barrel – the price is much too low to be profitable for the industry.
Every quarter of the Federal Reserve Bank in Dallas publishes Regional report on the oil and gas industry in Texas, Louisiana and Nowy Mexico, which includes anonymous surveys from the management. Vitriol towards the White House in these comments from the first survey of this year, published at the end of March, Shocked analysts.
“The key word describing 2025 so far is” uncertainty “, and as a public company our investors hate uncertainty,” said one of the anonymous directors. “This uncertainty is caused by arguments from the new administration. These two statements are contradictory. “
“” Drill, darling, drill “is nothing but a myth and populist rally cry,” wrote another.
Trump still transmits dubious gifts to industry. Interior on Thursday announced The fact that this changed some policies around sea drilling in the Gulf of Mexico, which according to the agency could enhance production in the Persian Gulf by up to 100,000 barrels a day. Meanwhile, the interiors reportedly submitted a list of fossil fuel deposits in public lands, which it plans to open to production.