WATCH THE VIDEO HERE Newly inaugurated President Donald Trump has issued an executive order to open areas for oil and gas exploration in the United States, including offshore sites in Alaska, Bloomberg reported. This is one of the dozens of executive orders signed by President Trump on his first day in the Oval Office after his inauguration on Monday. Trump repeated his popular saying on his commitment to increasing oil and gas production in the U.S. “We will drill, baby, drill,” he said in his inauguration speech. In his executive order on offshore drilling, Trump said his government would refill the US Strategic Petroleum Reserve “right to the top” and “export American energy, all over the world.” He pledged to boost domestic energy production in the country, and “unleash American energy by ending Biden’s policies of climate extremism, streamlining permitting,” according to a White House summary of plans quoted in a Bloomberg report. The summary noted that Trump will review for possible reversal “all regulations that impose undue burdens on energy production and use, including mining and processing of non-fuel minerals.” Former President Joe Biden instituted several policies to fight climate change and discourage the exploration of fossil fuels in the U.S. Trump’s pro-fossil fuel policies are expected to disrupt the global oil market and possibly drive down crude oil prices in the international market. However, Oil and Gas expert, Professor Yemi Oke said Nigeria should not be concerned. He urged the government to “increase crude oil production and compete actively with other major producers in the international market.”
Trump issues executive order to increase oil drilling, reverses Biden’s anti-fossil fuel policies
