The move shows the president is trying to bring down prices, but he also appears to be going back on his word to curb oil and gas production.
The people and equipment they need are already hard at work.
Two reasons: reluctant investors and potential regulations.
After years of legal battles, a Miami-based company won the right to carry out exploratory oil drilling in the Florida Everglades.
Little about the 1998 blockbuster is true to life, but mining asteroids and comets is "humanity’s future, I’m pretty convinced of that," one expert says.
The Trump administration’s plan to open most U.S. coastal waters to offshore oil and gas drilling is facing stiff opposition from many in the president’s own party. On Tuesday, the administration said drilling would no longer be considered off the coast of Florida after pressure from Republican Gov. Rick Scott. And today, South Carolina Gov. […]
President Trump’s latest executive order seeks to open new federal waters for offshore drilling, but the most popular place for oil companies is decidedly land based – the Permian Basin in Texas. Click the audio player above to hear the full story.
Last year, oil companies found the lowest new reserves in 70 years.