The team of US President Donald Trump is preparing ambitious plans in the energy sector, in particular, on increasing oil production and increasing the exports of liquefied natural gas (PPG). One of the first steps will be the abolition of climate laws adopted by Joe Biden, in particular, pauses in issuing permits for new drilling projects on federal lands and restoring plans for drilling on the US shelf.
Trump also plans to accelerate the production and submit a proposal to restore the construction of a controversial Keystone pipeline, which is important for the transportation of oil from Canada to the United States. This plan is expected to be presented within a few days after the inauguration of the new president.
The forecasts for the oil market after these measures are ambiguous. Russian billionaire Oleg Deripaska has already stated that oil prices can collapse up to $ 50 per barrel by May, which, he said, would be a serious challenge for Russia.
Trump has repeatedly emphasized that the US has significant oil resources that allow the country to dominate the world market. "We have more black gold than in any other country in the world! More than in Saudi Arabia, more than in Russia," he said before the election.
