Oil prices steady as investors debate Trump 2.0 policies

CNA

Summary

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In a series of executive orders issued just after taking office on Monday, he began the process of pulling out of the Paris Agreement, promised to speed fossil fuel project approvals, and declared an energy emergency.
Time
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U.S. power demand is rising quickly after staying largely flat for the last 15 years.One of Trump's initial orders formally rescinds a series of Biden moves that stitched climate and environmental justice throughout federal agency decision-making, going well beyond energy and resource agencies.This includes a repeal of the Biden administration's Justice 40 Initiative and a 2021 order that set aggressive federal procurement targets for EVs, clean power, low-carbon buildings and more.
Axios
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Of course, the United States already produces more oil and exports more natural gas than any other nation, but the president’s opening words — and subsequent plans to declare a national energy emergency — underscore his intent to push his executive powers to the limit to boost fossil fuels.
Politico
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Trump is abandoning Biden administration efforts to fight climate change and is focusing on fossil fuels projects.
CNBC

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