As President Donald Trump promised during his 2024 campaign, the United States under his policies and leadership has dramatically increased oil and gas production and exports, adding billions of dollars to the U.S. Treasury and bringing new sources of reliable energy to millions of Americans
Treasury and bringing new sources of reliable energy to millions of Americans
As President Donald Trump promised during his 2024 campaign, the United States under his policies and leadership has dramatically increased oil and gas production and exports, adding billions of dollars to the U.S. Treasury and bringing new sources of reliable energy to millions of Americans.
“Looking forward to breaking ground on the NESE Pipeline tomorrow, supplying affordable and reliable NATURAL GAS to MILLIONS of New York City and Long Island residents,” Environmental Protection Agency Administrator Lee Zeldin wrote on the X platform on Monday. “This wouldn’t have been possible without President Trump’s leadership and his National Energy Dominance Council.”
The Trump administration is set to mark the groundbreaking of a new natural gas pipeline project in New York City on Tuesday, a development that has drawn both support and opposition.
President Trump has backed the Northeast Supply Enhancement pipeline, which is designed to run offshore and increase energy supply in the region. The project received necessary permits from New York, with Gov. Kathy Hochul approving the plan despite opposition from environmental groups.
Administration officials scheduled to attend the event include Energy Secretary Chris Wright, Interior Secretary Doug Burgum, and Zeldin. The event will take place at Brooklyn’s Floyd Bennett Field and is being hosted by Williams Companies, which is overseeing construction of the pipeline, the New York Post reported.
Burgum said that China managed to outpace U.S. electricity production because past Democratic administrations put US “energy and national security at risk by burying America’s Balance Sheet under red tape.”
Under President Donald J
“Under President Donald J. Trump, we’re reversing course with projects like the NESE pipeline to unleash American Energy Dominance, lower costs for American consumers, and restore a strong, reliable grid, Burgum said.
Trump said the project is expected to generate approximately $1.8 billion in economic development and reduce electricity costs by an estimated $6 billion over a 15-year period, The Post reported.
The pipeline, which would run from Pennsylvania through New Jersey and terminate on Staten Island and the Rockaways, had faced delays for several years after state regulators denied permits citing water quality concerns.
The approval process was later revived following a meeting in the Oval Office between New York Gov. Kathy Hochul and Trump, where congestion pricing was among the topics discussed, noted The Post.
Meanwhile, an unusually large number of crude oil tankers currently at sea are heading toward the U.S. Gulf Coast, as vessels are being redirected to load cargoes for global markets facing supply constraints.
Trump said Saturday on social media that “massive numbers” of “completely empty” oil tankers are en route to the United States to purchase American energy, Just the News reported. “Foreign buyers are voting with their ships: American energy means stability, strength, and freedom from Middle East blackmail,” the president posted on Monday.
Shipping data from Windward indicates that 171 crude oil tankers are currently en route to
Shipping data from Windward indicates that 171 crude oil tankers are currently en route to the U.S. Gulf Coast to load cargoes, compared with an average of about 110 vessels in a typical month.
The increase in tanker traffic comes as countries across Europe and Asia work to secure energy supplies amid rising prices. Germany has implemented emergency fuel relief measures, while officials in the Philippines have declared a national energy emergency, reflecting broader global demand for U.S. oil and gas supplies.
On Monday, U.S. West Texas Intermediate crude futures rose 2.6% to settle at $99.08 per barrel. Meanwhile, the international benchmark Brent crude closed at $99.36 per barrel, up 4.37% on the day, Just the News reported.
Oil market research firm Kpler estimates that U.S. crude oil exports will reach approximately 5.2 million barrels per day in April, up from about 3.9 million barrels per day in March, according to a report published last week.
Kpler analyst Matt Smith described the surge in inbound vessels as an “armada of tankers heading this way,” reflecting a sharp increase in activity along the U.S. Gulf Coast.
Trump said Saturday that U.S. oil production exceeds the combined output of Saudi Arabia and Russia, the world’s next two largest producers, and added that the incoming fleet would be processed with a “quick turnaround.”
