US energy policy in the Trump Administration
Donald J. Trump’s victory in the November election is the catalyst for dramatic changes in policy direction in Washington. The president signaled by virtue of his quick succession of Executive Orders and cabinet and personnel choices that his administration will pursue energy and environmental priorities that differ significantly from those of the Obama Administration. Confirming his intentions to seek new directions on energy, environmental and climate policies, the White House released An America First Energy Plan shortly after he assumed office on 20 January 2017.
While those policies are likely to evolve in the implementation process, with Republicans controlling both the House and the Senate, albeit narrowly, the prospects for shifts in the federal regulatory structure and direction are captivating the attention of all energy business sectors.
The US $4.094 trillion FY18 budget blueprint proposes to balance the budget over 10 years, spending on defense and infrastructure and cutting from social and entitlement programs.
With a proper policy framework in place the US can maximize the economic benefit of its abundant resources.
The oil and gas industry features prominently in President Trump’s plans to create energy independence and create jobs. But likely complex labor challenges ahead may not be easy.
Discover Washington’s latest stance on topics such as deregulation, oil and gas, climate change, coal and other energy policies.
Learn how proposed tax changes could impact the oil and gas, mining and metals, and power and utilities sectors.