International Finance
Oil & Gas

Trump’s executive orders to revive US energy sector and jobs

Trump, energy sector, oil and gas, climate change, Jay Inslee, Keystone Pipeline

US President Donald Trump announced the signing of two executive orders to speed up the country’s oil and gas development. Trump announced the orders after granting a new permit last month for the development of the Keystone Pipeline project, which was previously stalled by the administration of Barack Obama, because of its adverse environmental impact.

According to a source in Texas, Trump’s latest measures are in line with the Republican strategy to improve  American energy sector and jobs. “My action today will cut through destructive permitting delays and denials,” he said.

Trump’s action seeks to reduce the states’ power in the process, according to The Washington Post. So far, the President’s time in office has been beneficial to the country’s oil and gas sector.  However, on the contrary to Trump’s plans, Washington’s Governor Jay Inslee, tweeted, “I have a better idea. Let’s invest in clean energy infrastructure that will create jobs and won’t destroy our planet.”

On an average, the United States produces 12.2 million barrels of crude oil every day, according to the figures released by the US Energy Information Administration.

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