Trump: I will revoke offshore oil, gas drilling ban in vast areas on day one

(Reuters) – U.S. President-elect Donald Trump said he will revoke an offshore oil and gas drilling ban announced by outgoing Democratic President Joe Biden, in a press conference on Tuesday.

“Banning offshore drilling will not stand. I will reverse it immediately,” Trump said. He added: “I will revoke offshore oil, gas drilling ban in vast areas on day one.”

Republican Trump takes office on Jan. 20.

This post is originally published on INVESTING.

  • Related Posts

    Gold prices steady as markets weigh hawkish Fed, Trump tariffs

    Investing.com– Gold prices steadied in Asian trade on Thursday after logging two straight days of gains, as heightened uncertainty over a hawkish Federal Reserve and President-elect Donald Trump’s plan for…

    Oil prices edge down on rising U.S. fuel inventories

    By Yuka Obayashi TOKYO (Reuters) – Oil prices fell on Thursday, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last week, though concerns over…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Greenback Appreciates Ahead of US Labor Market Report. Forecast as of 09.01.2025

    • January 9, 2025
    Greenback Appreciates Ahead of US Labor Market Report. Forecast as of 09.01.2025

    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 09.01.2025

    • January 9, 2025
    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 09.01.2025

    Gold prices steady as markets weigh hawkish Fed, Trump tariffs

    • January 9, 2025
    Gold prices steady as markets weigh hawkish Fed, Trump tariffs

    Oil prices edge down on rising U.S. fuel inventories

    • January 9, 2025
    Oil prices edge down on rising U.S. fuel inventories

    Asia FX weakens as hawkish Fed boosts dollar; yen rises on BOJ rate hike bets

    • January 9, 2025
    Asia FX weakens as hawkish Fed boosts dollar; yen rises on BOJ rate hike bets

    Oil prices dip on mixed US inventories, weak China data

    • January 9, 2025
    Oil prices dip on mixed US inventories, weak China data