Within a few weeks, the U.S. can expect the launching of an anti-Green New Deal—President-elect Donald Trump’s plan to disassemble the Biden administration’s program of attacking the fossil fuel industry.
The impact it will have on Oklahoma’s energy industry could be noticeable. Biden’s freeze on LNG shipments to foreign allies affected the natural gas shipped from the state’s SCOOP and STACK plays. His programs and what happened in the state went beyond oil and gas. The state is still attempting to build a charging network for the electric vehicles the Biden administration tried to ram down the throats of the American-buying public.
Trump has promised to bring an end to the what he said was the Biden-Harris administration’s “anti-energy crusade” and at the same time “implement a policy of energy abundance, energy independence and even energy dominance.”
Questions remain. Will he indeed be able to lower the price of gasoline below $2 a gallon? Will such a move actually lower the cost of the things Americans buy for their daily living?
“My plan will cut energy prices in half or more than that within 12 months of taking office. It will be an economic revival of our country like no one has ever seen before,” said Trump during his campaign to return to the White House.
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