FILE - Former President Donald Trump speaks to guests at Mar-a-lago on Nov. 8, 2022, in Palm Beach, Fla. An executive at Trump’s company testified Monday, Nov. 14 that he was afraid he’d hear those famous words — “you’re fired!” — if he went to the big boss with concerns that two top company officials were scheming to dodge taxes on company-paid perks. (AP Photo/Andrew Harnik, File)

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US Oil Executives Anticipate Faster Permitting Under Trump — Dallas Fed

January 2, 2025

Agency Report

U.S. energy executives expect faster permitting times for drilling on federal lands under President-elect Donald Trump, according to a Federal Reserve Bank of Dallas survey released on Thursday.

The overall outlook brightened and activity levels increased while uncertainty declined in the final quarter of 2024, according to a December survey of 134 energy firms in Texas, Louisiana and New Mexico.

Trump has vowed to lower gasoline prices and speed up permitting for energy projects under his “drill, baby drill” campaign mantra.

A third of executives polled said they think the permitting process will become significantly faster over the next four years.

Reporting by Georgina McCartney – Reuters

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SourceReuters