Donald Trump Administration introduces Oil & Gas Industry Friendly Policy

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Administrative Officer Donald Trump, who led the energy agenda, explained that the oil, gas and mining industries had strong support in Washington, aiming to facilitate them to produce revenue on federal land and waters.


Home Secretary Doug Burgum said that the Trump administration did not consider climate change as a threat to executives attending the world's largest energy conference.


Meanwhile, Energy Secretary Chris Wright stressed that global temperature increase is a side effect of developing national resources to support economic growth and national security.



Burgum, who led the United States National Energy Mastery Council, praised the oil and gas industry during his speech at Ceraweek by the Global S&P conference.


He added that the royalties of the lease agreement in the Federal Land would help the United States pay off the country's debt and balance the budget. He also emphasized to the executives that they were customers.


The value of the country's natural resources exceeds the country's debt of $ 36 trillion. He also claimed that if the financial market was aware of the value of the American natural resources, the 10 -year long interest rate would decline.


However, the support signal has the full support of the energy industry at this time.

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