Donald Trump announced the creation of a National Energy Council to pursue U.S. energy dominance by expanding oil and gas production while reducing regulatory barriers. The council will oversee energy permitting, production, and innovation, aiming to cut bureaucracy and promote private investment. Critics note that U.S. oil output is already at record levels, and market forces, not mandates, will determine production.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Donald Trump announced the creation of a National Energy Council to pursue U.S. energy dominance
00:07by expanding oil and gas production while reducing regulatory barriers.
00:12The council will oversee energy permitting, production, and innovation, aiming to cut
00:16bureaucracy and promote private investment.
00:19Critics note that U.S. oil output is already at record levels, and market forces, not mandates,
00:24will determine production.
00:25For all things money, visit Benzinga.com slash GSTV.
00:30For more information visit Benzinga.com slash GSTV.