President-elect Trump intends to allow new and expanded gas and oil drilling

Trump’s second administration continues to take shape, and he appears to have a “coach, baby, coach” philosophy. As part of these efforts, the president-elect’s transition team is reportedly preparing a program that will allow for new and expanded drilling for oil and liquefied natural gas.

The program could be rolled out within days of Trump taking office, according to people who spoke to Reuters. It is reported that this will increase oil production on federal property, as well as offshore. Permits are expected to be secured quickly and more lucrative areas could be opened up for drilling.

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The Keystone XL pipeline is also said to be on the agenda, but the outlet suggests this is more window dressing than anything else. As they explained, the project “will have to start from scratch because things like easements have been returned to the landowners.”

Another key part of Trump’s agenda could be replenishing the Strategic Petroleum Reserve. As of last week, the government had 390.4 million barrels, significantly less than the first Trump administration, which typically had about 650 million barrels.

In addition to supporting oil and gas, the Trump administration reportedly wants to eliminate tax breaks for electric vehicles. This isn’t the first time we’ve heard this, but automakers are reportedly begging to be retained as they pour billions into electric vehicles. However, the president-elect appears focused on cutting spending and eliminating things he deems unnecessary.

It remains to be seen how this will go, but some aspects will reportedly require congressional support. This may prove easier said than done, since Republicans will only have slim majorities in both the Senate and House of Representatives.

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