Trump to Declare National Energy Emergency

A policy shift aimed at boosting U.S. energy output and reversing climate regulations.

According to a news article in Bloomberg, President-elect Donald Trump is preparing to declare a national energy emergency, unlocking executive powers to increase domestic oil and gas production. The move, set to be announced on his first day in office, will reverse Biden-era climate policies and focus on enabling new energy infrastructure and development.

The proposed measures include lifting moratoriums on oil and gas leasing, rolling back regulations for electric vehicles, and promoting fossil fuel exports. These changes could have far-reaching impacts on global energy markets and highlight a shift in U.S. priorities toward traditional energy resources.

While the declaration primarily focuses on U.S. policy, the energy industry’s global interdependence means the developments could ripple across international markets, including the lubricants and additives sectors, which heavily rely on crude oil derivatives.

News source: Bloomberg