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teamo productions hq limited (tphq) stock rallies ✌️【Stock Selection】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. North Dakota Gov. Doug Burgum, Trump’s new energy czar and pick for Interior Secretary, will oversee much of this work alongside Chris Wright, a Colorado-based natural gas fracking CEO and Trump’s pick for Energy Secretary. Both are staunch fossil fuel advocates, but each has also worked with clean energy.

teamo productions hq limited (tphq) stock rallies ✌️【Stock Selection】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. The oil industry boomed in North Dakota under Burgum’s tenure as governor, but electricity from windmore than doubledfrom 2015 to 2023, becoming North Dakota’s second-biggest electricity source, behind high-pollution coal.

teamo productions hq limited (tphq) stock rallies ✌️【Stock Selection】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. Wright runs a natural gas fracking company andonce drank fracking fluid— a cocktail of water, bleach and soap, to seemingly prove it wasn’t poisoning underground water sources. But he also sits on the board of an advanced nuclear energy company and has invested in a geothermal startup that is working to convert underground heat intoelectricity to powerhundreds of thousands of homes.

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Complicating the picture further is Elon Musk, CEO of America’s largest EV company, and one of Trump’s closest advisors, despite the president-elect’s apparent disdain for electric vehicles. But Musk’s influence on Trump’s energy policy is less certain, as he has been tasked with a new commission cutting government spending and agency jobs.

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“Everyone’s been viewing energy policy through the lens of the past couple of decades of: Republicans are (for) fossil fuels; Democrats are for clean energy and climate policy,” said Neil Chatterjee, who served as chairman of the Federal Energy Regulatory Commission under the first Trump administration. “I think we’re about to enter a new chapter.”

Just days after Trump won the 2024 election, his transition team began drawing up plans for his energy policy, and how to roll back major elements of Biden’s climate legacy.

teamo productions hq limited (tphq) stock rallies ✌️【Stock Selection】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. The actions include withdrawing the US from the Paris climate agreement — something Trump did in his first term. The plans also include downsizing national monuments to increase drilling on public lands, and slashing government jobs and offices dedicated to cutting pollution in low-income communities, two sources familiar with the plans told 【 - Free Short-Term Stock Picks 】.

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“When he takes office, President Trump will make America energy dominant again, protect our energy jobs, and bring down the cost of living for working families,” transition spokesperson Karoline Leavitt said in a statement.

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Oil and gas boomed on Biden’s watch, despite his promises on climate, but his administration worked to limit drilling on public lands compared to previous administrations. Trump’s picks look likely to undo this work.

“The steps taken by the Biden administration have been way beyond anything we’ve ever seen in the past — not issuing leases; then when they issue leases, they basically issue leases where there wasn’t much interest,” said Ron Ness, president of the North Dakota Petroleum Council, who has worked with Burgum. “What (Burgum) has seen is that these federal, duplicative burdens of regulations inherently impede the ability to produce energy.”

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However, the LNG industry is urging Trump’s administration not to rush to immediately approve new terminals, taking its time to make sure any new permits can stand up in court.

“All of this comes back to legal durability of any permit that they issue,” said Charlie Riedl, executive director for the Center for LNG, a trade group. “That’s, I think, what industry is after. We would obviously like to see our permits uphold court challenges.”

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“The general expectation is we’re going to see reduced federal spending” under Trump, Alan Ahn, deputy director for nuclear at think tank Third Way’s climate and energy program, told 【 - Free Short-Term Stock Picks 】. “The fact you have the big tech companies, they’ve made these big commitments, they’re going to carry weight with any administration. We’re going to need continued and robust public investment to continue to push that forward.”

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“On the political right, there’s going to be a recognition that we can’t possibly meet the surge in (electricity) demand with fossil fuels alone,” Chatterjee told 【 - Free Short-Term Stock Picks 】.

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