Trump's Energy Policy Promises Impact U.S. Oil Industry

With Donald Trump's return to the White House, the U.S. energy sector anticipates significant policy shifts aimed at reversing Biden-era regulations. Trump has vowed to cut energy prices by half and is expected to loosen restrictions on oil and natural gas production, as industry leaders urge for the repeal of various climate policies. The American Petroleum Institute has outlined demands that include eliminating vehicle emissions standards and lifting the moratorium on liquefied natural gas permits. In Texas, energy executives express optimism about job growth and increased production capabilities, citing a renewed focus on American energy dominance. Meanwhile, the European energy landscape, particularly Germany's transition away from nuclear and reliance on Russian gas, faces challenges as it grapples with rising electricity costs and economic contraction. This juxtaposition highlights the contrasting energy strategies and their impacts on national and international energy policies.