Doug Burgum, President-elect Donald J. Trump’s pick to lead the Interior Department, emphasized the financial value of America’s public lands and waters, highlighting the potential for oil, gas, and minerals extraction. He prioritized achieving Trump’s goal of “energy dominance” through increased fossil fuel production, citing national security concerns if energy production is restricted. Despite concerns about climate change, Burgum focused on supporting oil and gas development to boost revenues and reduce the national debt, while also expressing a commitment to conservation efforts.
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Hope for a Trump Energy Boom Is Marred by Anxiety About Tariffs
American energy executives are expressing concern over President Trump's tariff threats and push for lower oil prices, despite their initial enthusiasm for deregulation and energy dominance. The industry is trying to balance fighting for their interests, like free trade, while avoiding offending the president, with hopes that the energy dominance agenda will take precedence over tariffs. Executives are worried about the impact of tariffs on the economy and oil prices, seeking more predictability and less...
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