Energy Trump’s oil promises have bigger problems than Biden’s new offshore drilling ban

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President-elect Donald Trump will have trouble meeting his pledges to massively increase oil production — even if he manages to overturn President Joe Biden’s sweeping new ban on offshore drilling.

Reluctance by economically skittish petroleum producers, the rise in fuel-efficient cars and Trump’s own threatened trade wars will make it difficult for the United States to produce significantly more oil than it already does, energy analysts told POLITICO on Monday. The fact that the U.S. is already the world’s biggest oil producer and biggest gas exporter will also make sharp increases hard to achieve, despite Trump’s campaign pledges of energy “dominance.”

https://www.politico.com/news/2025/01/07/trump-oil-promises-biden-drilling-ban-00196740