Trump holding off on tariffs but betting Day 1 moves can cut energy prices and tame inflation

He’s well-informed of its risks and opportunities, and continues to be a strong advocate for what it could be,

Rogers said

This could be the decade of geothermal,

Taff said

Geothermal is heating up and the Trump administration is going to empower the industry over the next four years to achieve its potential,

said Bryant Jones, executive director of the geothermal trade association, Geothermal Rising

The embrace of advanced geothermal under this new administration, I’d say is not a giant surprise,

said Alex Kania, a managing director at Marathon Capital

It's hard to reconcile the notion that we have an energy emergency, when the US produced 13.2 million barrels per day of crude oil in 2024,

said analyst Stewart Glickman of CFRA

Darren WoodsexxonMobil CEO

We are seeing record levels of demand for oil, record levels for demand for products coming out of our refineries,

said ExxonMobil CEO Darren Woods on CNBC in November

But we also see a lot of supply in the world right now,

he said, ... adding that

They're not going to repeat the problem that we've done in the past, and that's just oversupply the market and kill the golden goose,

he added

Misguided, irrational energy policies are done,

said Jeff Eshelman, president of the Independent Petroleum Association of America, said in response to Trump's announcements

America's vast resources will be unleashed responsibly,

he added

If they start doing things that are egregious and use the executive order as a rationale, we would be prepared to sue,

Hartl added

We anticipate that political appointees will work to implement Trump’s agenda through secretarial orders and specific agency actions, whether regulatory rollbacks, new lease sales, drilling permits, pipeline approvals, etc. That’s where the fight will prove most intensive,

Schlenker-Goodrich said

The law doesn’t define what an emergency is, and so far no court has been willing to overturn a finding that there is an emergency,

said University of California, Berkeley Law School professor Dan Farber

Once you have that badge of approval from the National Security Council, you can flash it to every federal judge that tries to stand in the way, because courts consistently defer to national security claims,

said Tyson Slocum of the consumer advocacy group Public Citizen

It’s hard to challenge an executive order in general,

said Brett Hartl of the Center for Biological Diversity

It could expedite energy projects but also harm water standards, endangered species protections, fill in the blank,

said Emory University School of Law professor Mark Nevitt

Al Goreformer Vice President

These performative acts show the pervasive influence that the fossil fuel industry will have in the United States over the next four years,

former vice-president Al Gore noted

We will drill, baby, drill,

the president said in his inaugural address on Monday

The decisions that U.S. companies make about how much to grow oil production are first and foremost going to be determined by market signals,

says Jason Bordoff, who runs the Center on Global Energy Policy at Columbia University

We didn't go back to horses, even though there was a strong horse lobby when cars came,

says Leah Seligmann, chief change catalyst and CEO at The B Team, a business group focused on climate