Chris Wright, founder and CEO of Liberty Energy and President-elect Trump chosen to lead the Department of Energy, will face his confirmation hearing on Wednesday.
Trump has strongly pledged to revive the industry in his second term, with his slogan “Drill Baby Drill” referring to US oil drilling to restore the country’s energy independence, and Wright will be in charge of this task
“He has worked in nuclear, solar, geothermal and oil and gas,” Trump’s statement said in announcing Wright. “Most importantly, Chris was one of the pioneers who helped launch the American shale revolution that propelled American energy independence and transformed global energy markets and geopolitics.”
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Tensions are already rising between the outgoing Biden and Trump administrations after the president permanently banned new oil and gas drilling in US coastal and coastal waters in an area spanning some 625 million acres. The Biden administration also announced new standards for gas water heaters that Trump criticized as “worse” than the ban on oil drilling.
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“Another thing he did yesterday, which in many ways was worse, it’s hard to believe it could be worse, he wants all the gas heaters out of your houses and apartments. He wants them replaced with essentially electric heaters. I don’t know what it is about electricity, this guy loves electricity,” Trump said last week during his press conference at Mar-a-Lago.
“We’re going to end the electric car mandate,” he added as he moved from criticizing Biden’s support for green energy to extolling the virtues of gas heaters and unrestricted showers.
the next day, Governor of North Dakota. Doug BurgumTrump’s nominee for secretary of the Department of the Interior, said he will also lead a new National Energy Council, which “will be comprised of all departments and agencies involved in permitting, production, generation, distribution, regulation, transport of ALL”. forms of American energy.”
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Reacting to last November’s election, American Conservation Coalition (ACC) President Christopher Barnard said the combination of Burgum and Wright “is literally the dream team.”
Trump achieved energy independence and reinforcement oil and gas production a cornerstone of his campaign. While on the campaign trail, he pledged to expand fracking and lift a freeze on liquefied natural gas exports, a stark contrast to the Biden administration.
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The president-elect has also promised to use his second White House deadline for exiting the Paris climate agreement again, undoing strict emissions standards for vehicles and power plants, and boosting US oil and gas production, including through fracking.
These planks of his energy platform appear to align well with the priorities of the American Petroleum Institute (API), which released a policy roadmap in an open letter to the incoming president and Congress last year that lists the main priorities to be addressed in 2025 and beyond. to ensure American energy leadership.
API President and CEO Mike Sommers said FOX business in November there are specific actions the administration can take to right the ship in Trump’s second term.
“As governor of a top-producing state, Doug Burgum has demonstrated a keen understanding of the importance of building on America’s energy advantage,” Sommers said. “We look forward to working with him once confirmed to implement a pro-American approach to federal energy leasing, starting with developing a new five-year offshore leasing program and removing barriers to onshore leasing to leverage fully the natural resources of our country”.
Sommers said the API also looks forward to working with Wright once he is confirmed “to strengthen American geopolitical strength by lifting the DOE’s pause on LNG export permits and ensuring open access to Northern energy -American for our allies around the world.”
API’s five-point policy plan outlines industry priorities for the administration and the Republican-controlled House and Senate, including:
Protection of consumer choice
- Repeal the Environmental Protection Agency’s (EPA) tailpipe rules.
- Repeal the National Highway Traffic Safety Administration’s corporate average fuel economy standards
- Deny/Revoke EPA Exemption for California’s Advanced Clean Cars II Rule
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Strengthen the geopolitical strength of the United States
- Lift the Department of Energy (DOE) LNG by allowing a pause
- Expeditiously process all pending export applications now languishing at the DOE
- Ensure open access for American energy to global markets
Taking advantage of our natural resources
- Release a new five-year offshore lease program from the Office of Ocean Energy Management
- Repeal restrictive land lease rules, starting with the Conservation Bureau of Land Management and Landscape Health Rule
- End EPA’s methane tax that misconstrues congressional intent and does little more than raise the cost of producing America’s oil and natural gas
Reform our permit system
- Reform of the National Environmental Protection Act (NEPA)
- Reform of the Clean Water Act
- Advanced judicial reform
- Repeal the Biden-era NEPA rules
Advance a reasonable fiscal policy
- Maintain the corporate tax rate of 21% to ensure global competitiveness
- Maintain and expand fiscal provisions for national investment in infrastructure
- Preserve crucial international tax provisions
Billionaire energy executive Harold Hamm, founder and chairman of Continental Resources, told FOX Business’ Maria Bartiromo that Biden has always been anti-energy.
“To tell you the truth, he’s had a war on oil and gas his entire existence. In the Senate and during his presidency, that’s who he is. So, thank God, we have leadership that knows how to step up. accelerate exploration in this country,” Hamm said.
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FOX News’ Chris Pandolfo, Emma Colton and Andrea Margolis contributed to this report.
* This article, originally published on 11/19/24, has been updated.