Close Menu
    What's Hot

    Anthropic Lawyer Says DoD ‘Pressuring’ Companies to Ditch AI Startup

    March 11, 2026

    Gemini AI Predicts the 2026 Price of XRP, Solana and Cardano

    March 11, 2026

    Voyager Technologies raises 2026 revenue guidance to $225M–$255M amid record backlog and expanded defense demand (NYSE:VOYG)

    March 11, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Markets»Futures & Commodities»Trump nominee for Interior backs full-throttle drilling on federal lands By Reuters
    Futures & Commodities

    Trump nominee for Interior backs full-throttle drilling on federal lands By Reuters

    Press RoomBy Press RoomJanuary 16, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    (Reuters) – President-elect Donald Trump’s pick for secretary of the interior, Doug Burgum, will tell lawmakers during his nomination hearing on Thursday that he will vigorously pursue Trump’s goals of maximizing energy production from America’s public lands and waters, calling it key to national security.

    The comments signal a coming sharp turn in policy after President Joe Biden attempted for years to restrict oil and gas drilling by reducing federal lease auctions and banning future development in vast areas of federal offshore waters as part of a strategy to fight climate change.

    “Today, America produces energy cleaner, smarter and safer than anywhere in the world. When energy production is restricted in America, it doesn’t reduce demand, it just shifts production to countries like Russia, Venezuela, and Iran – whose autocratic leaders don’t care about the environment,” Burgum will tell lawmakers, according to his prepared remarks.

    He will say maximizing energy output can lower consumer prices, and can be done while ensuring clean air and water.

    The Interior Department oversees millions of acres of lands and offshore waters stretching from the Arctic to the Gulf of Mexico, and leases out parcels for drilling operations that now produce around a quarter of the nation’s oil and gas output.

    The United States is already the world’s top oil and gas producer thanks to a years-long drilling boom mainly on private lands in Texas and New Mexico fueled by improved technology and strong world demand since Russia’s invasion of Ukraine.

    Burgum, who served as governor of North Dakota – another major oil producer state – is also being considered to head a new national energy council to coordinate policies to boost U.S. energy production after Trump takes office on Jan. 20.

    North Dakota ranks third among U.S. states, after Texas and New Mexico, in reserves and production, according to the U.S. Energy Information Administration.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    Oil steadies as markets weigh Russia sanctions and glut forecasts

    November 18, 2025

    Japan warns citizens in China about safety as diplomatic crisis deepens

    November 18, 2025

    Gold prices retreat on strong dollar amid Trump tariff uncertainty By Investing.com

    January 27, 2025
    Leave A Reply Cancel Reply

    LATEST NEWS

    Anthropic Lawyer Says DoD ‘Pressuring’ Companies to Ditch AI Startup

    March 11, 2026

    Gemini AI Predicts the 2026 Price of XRP, Solana and Cardano

    March 11, 2026

    Voyager Technologies raises 2026 revenue guidance to $225M–$255M amid record backlog and expanded defense demand (NYSE:VOYG)

    March 11, 2026

    Lovable Just Hit $400 Million in ARR, Doubling in a Few Months.

    March 11, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.