Despite fueling unprecedented domestic manufacturing, global dominance, and technological advancement throughout the last century, the American energy industry has been playing defense in recent decades. Activist environmentalism and liberal government bureaucrats have vilified oil and gas (not to mention nuclear), aggressively lobbying to curtail the discovery, drilling, and development of America’s natural resources.
Further compounding the issue, major financial institutions such as BlackRock, State Street, and Vanguard have enforced radical environmental, social, and governance (ESG) policies, inflicting significant damage on industries like oil, gas, and coal. During President Biden’s administration, federal agencies issued an unrelenting stream of mandates, rules, and regulations that undermined the production of affordable, clean, and reliable energy.
The return of Donald Trump to the White House, however, has heralded a dramatic shift in the government’s approach to domestic energy policy. Trump’s inauguration and his day-one executive orders marked not only a return to the energy-friendly policies of his first administration but also a robust effort to reestablish America as the heart of global energy production.
Trump declared in his inaugural address, “The golden age of America begins right now.” Such a vision demands energy production on an unprecedented scale. Amid priorities like border security, bureaucratic reform, and addressing government overreach, Trump outlined a bold strategy for powering America’s future.
“Today I will also declare a national energy emergency. We will drill, baby, drill,” Trump announced after taking the oath of office. He elaborated:
America will be a manufacturing nation once again, and we have something that no other manufacturing nation will ever have: the largest amount of oil and gas of any country on Earth. And we are going to use it. We will bring prices down, fill our strategic reserves up again, right to the top, and export American energy all over the world. We will be a rich nation again. And it is that liquid gold under our feet that will help to do it. […]
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