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President Donald Trump has launched a sweeping offensive on energy, issuing executive orders to boost fossil fuel production and reverse U.S. commitments to fighting climate change. It’s uncertain how these actions will impact the industry, as oil and gas production levels are driven by market conditions and are unlikely to change significantly. Despite potential legal challenges, Trump’s focus on fossil fuel projects signals a shift away from the Biden administration’s emphasis on transitioning to cleaner energy sources in favor of solidifying the U.S. as a global energy leader.
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