A year on from ‘drill, baby, drill’, why are there fewer oil rigs in the US?
Yahoo Finance·2025-12-16 23:40

In April 2025, the US Department of the Interior announced emergency permitting procedures , reducing timelines (which usually take several years) to a maximum of 28 days.Policies materialised quickly. On inauguration day (20 January 2025), Trump declared a national energy emergency, accompanied by an executive order entitled 'Unleashing American Energy'. It directed that agencies would “suspend, revise, or rescind all agency actions identified as unduly burdensome” on domestic oil and gas operations.In bri ...