Trump planning to lift Biden’s LNG pause, increase oil drilling during 1st days in office: report
President-elect Donald Trump is gearing up to make some significant changes to energy policy in his first days in office. According to sources familiar with the transition plans, Trump is planning to focus heavily on boosting natural energy production by making changes to current policies on liquefied natural gas (LNG) permits and oil and gas drilling leases.
One key area of focus for Trump will be lifting President Biden’s pause on new LNG export permits. The pause, initiated by Biden in January, has been met with criticism from the oil community and bipartisan lawmakers. A study conducted by the National Association of Manufacturers found that nearly 1 million jobs could be at risk over the next two decades if the LNG export ban remains in place. Trump plans to lift the pause and allow permits for new LNG exports next year, a promise he frequently made on the campaign trail.
In addition to addressing LNG permits, Trump also plans to increase lease sales for drilling along the coast, expedite permit approval, and expand drilling on federal land. These changes are part of Trump’s broader agenda to roll back Biden’s green policies and focus on increasing energy production.
Some of the initiatives that could be in jeopardy under the incoming Trump administration include Biden’s tax credit for electric vehicle purchases and the Paris climate accord. Trump also plans to expand fracking and revive projects like the Keystone XL pipeline, which was canceled on Biden’s first day in office.
The potential revival of the Keystone XL pipeline has been met with enthusiasm from former pipeline workers like Bugsy Allen, who see it as a positive step towards reducing energy costs for American consumers. Allen expressed his optimism on “Fox & Friends Weekend,” highlighting the potential impact on energy, food, and gas prices.
As Trump prepares to take office, his focus on boosting natural energy production signals a shift in energy policy that could have wide-ranging implications for the industry. With an emphasis on LNG exports, drilling leases, and other key initiatives, Trump is poised to make significant changes in the energy sector in the coming months.
This article was written by Aubrie Spady for Fox News Digital.
