Trump Promises National Energy Emergency

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energy emergency

CNBC

•

Business

Business & Economics

Trump vowed to declare a national energy emergency as soon as he takes office — here's how he might do it

Summary

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80% Informative

President-elect Donald Trump has vowed to declare a national energy emergency as soon as he takes office.

It is unclear what authorities Trump might invoke, but presidents have broad discretion to declare emergencies.

Emergencies are often loosely defined under federal law, giving the president discretion to use them as he sees fit.

Trump is expected to issue a series of executive orders to reverse Biden administration energy policies.

The U.S. has been the world's largest producer of oil and gas for six years .

The CEOs of Exxon and Chevron have made clear that production decisions are based on market conditions, not in response to who is in the White House .

The oil industry is more focused on pushing for more durable policy changes in the Republican -controlled Congress .

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semi-formal

Language

English

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not offensive

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