Reuters Exclusive: Trump prepares wide-ranging energy plan to boost gas exports, oil drilling, sources say

[OKIsItJustMe]

https://www.reuters.com/business/energy/trump-prepares-wide-ranging-energy-plan-boost-gas-exports-oil-drilling-sources-2024-11-25/

Exclusive: Trump prepares wide-ranging energy plan to boost gas exports, oil drilling, sources say
By Jarrett Renshaw
November 25, 2024 11:11 AM ESTUpdated a day ago

Summary

• Plan includes lifting Biden's pause on LNG export licenses
• Trump will seek to expedite drilling permits on federal land
• Trump to seek to boost sales of offshore oil drilling leases

Nov 25 (Reuters) - Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to two sources familiar with the plans.

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 immigration as a pillar of Trump's early agenda.

Trump, a Republican, also plans to repeal some of his Democratic predecessor's key climate legislation and regulations, such as tax credits for electric vehicles and new clean power plant standards that aim to phase out coal and natural gas, the sources said.

An early priority would be lifting President Joe Biden's election-year pause on new export permits for LNG and moving swiftly to approve pending permits, the sources said. Trump would also look to expedite drilling permits on federal lands and quickly reopen five-year drilling plans off the U.S. coast to include more lease sales, the sources said.

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[Irish_Dem]

1. Putin is vastly rich from selling oil. Trump wants the same.

Trump will demand a cut of the US oil action.
A big cut.

[Walleye]

2. I wonder if the countries our oil is sold to, will put retaliatory tariffs on it

[underpants]

3. ...and OPEC+ won't turn down their spigot keeping prices the same?

Oh. Okay.

[dweller]

4. Another grift

He sweetens the pot for the Oiligarchy and they fatten his coffers in return



✌🏻

[OrlandoDem2]

5. We individual progressives are going to have to lead the way. I will be getting solar panels on my house.

In 2-3 years I’ll be getting a new roof. When I do I’m cutting off the power company and going solar. We will have to do this to counter the GOP. I hope as many as possible do this. Anything to cut fossil fuel use.