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The only other alternative would be to initiate a "catastrophic recession," Rapidan Energy Group president Bob McNally told Bloomberg TV. "At $1.50 a gallon, US shale oil, i.e., energy dominance ...
The United States has become the world's top oil producer following a surge in shale oil production, pumping over 13 million barrels per day earlier this year. It is also the world's leading ...
In January 2021, when President Joseph R. Biden Jr. became president, the United States was still "energy independent" even though domestic crude oil production had declined to 10,900,000 barrels of crude oil per day from its 13,100,000 peak. As demand recovered from the pandemic, the United States lost its "energy independence" until it ...
President-elect Donald Trump campaigned on a three-word energy policy: “Drill, baby, drill.” But with about a month to go until inauguration, early glimpses at his cabinet picks for energy and ...
The United States Department of Energy is tasked with developing technology for better and more efficient energy sources as well as energy education. Trump chose Rick Perry to head the department, who had called for eliminating it when he was running for the Republican nomination for president in 2012. [ 33 ]
In his May 2016 speech on energy policy, Trump stated: "Under my presidency, we will accomplish complete American energy independence. We will become totally independent of the need to import energy from the oil cartel or any nation hostile to our interest."
The energy checklist largely reflects promises Trump made on the campaign trail, but the plan to roll out the list as early as day one ensures that oil and gas production will rank alongside ...
Donald Trump's return to the White House will refocus the nation's energy policy onto maximizing oil and gas production and away from fighting climate change, but the Republican win in Tuesday's ...