Fracking, shorthand for hydraulic fracturing, is set to become a cornerstone of President-elect Donald Trump’s energy agenda. Let’s talk more about this domestic oil issue.
While it is worth noting that the U.S. is producing more oil and gas than ever before, Trump has repeatedly championed fracking production, promising a boom that will lower energy costs and bolster America’s energy independence.
But what exactly does that mean?
The process is central to Trump’s pledge to expand America’s energy dominance. “We will end Kamala’s war on American energy, and we will drill, baby, drill,” Trump said during a press conference in August.
A push for increased drilling
A key player in Trump’s second-term energy strategy is Chris Wright, founder of Liberty Energy and a pioneer of the American shale revolution, whom Trump has nominated to lead the Department of Energy. Known as a climate change skeptic, Wright’s nomination signals a strong push for increased drilling on federal lands.
Currently, only 24% of fracking occurs on federally leased land. Wright and Trump have indicated plans to increase this share, streamline permitting processes and reduce regulatory hurdles.
Wright will join Trump’s new Council of National Energy? Which Interior Secretary nominee Doug Burgum will lead according to the president-elect?
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Source: USA Today
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