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US oil executives expect faster permitting under Trump, says Dallas Fed

INVESTING
January 2, 2025
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By Georgina McCartney

HOUSTON (Reuters) – U.S. energy executives expect faster permitting times for drilling on federal lands under President-elect Donald Trump, according to a Federal Reserve Bank of Dallas survey released on Thursday.

The overall outlook brightened and activity levels increased while uncertainty declined in the final quarter of 2024, according to a December survey of 134 energy firms in Texas, Louisiana and New Mexico.

Trump has vowed to lower gasoline prices and speed up permitting for energy projects under his “drill, baby drill” campaign mantra.

A third of executives polled said they think the permitting process will become significantly faster over the next four years.

This post is originally published on INVESTING.

INVESTING
January 27, 2025
86 views

Oil falls after Trump reverses Colombia sanctions threat

By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

INVESTING
January 27, 2025
81 views

Dollar gains on tariffs fears; euro looks to ECB meeting

Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…