Daily Caller
Trump’s ‘Drill, Baby, Drill’ Agenda Will Likely Take On An Entirely New Shape

From the Daily Caller News Foundation
By David Blackmon
During his campaign and since taking office, President Donald Trump often repeated his desire to bring back the same “drill, baby, drill” oil and gas agenda that characterized his first term in office.
But that term began 8 long years ago and much has changed in the domestic oil business since then. Current market realities are likely to mitigate the industry’s response to Trump’s easing of the Biden administration’s efforts to restrict its activities.
Trump’s second term begins as the upstream segment of the industry has enjoyed three years of strong profitability and overall production growth by employing a strategy of capital discipline, technology deployment and the capture of economies of scale in the nation’s big shale play areas. Companies like, say, ExxonMobil and Oxy and their peers are unlikely to respond to the easing of government regulations by discarding these strategies that have brought such financial success in favor of moving into a new drilling boom.
This bias in favor of maintenance of the status quo is especially likely given that the big shale plays in the Permian Basin, Eagle Ford Shale, Bakken Shale, Haynesville and the Marcellus/Utica region have all advanced into the long-term development phases of the natural life cycle typical of every oil and gas resource play over the past 175 years. Absent the discovery of major new shale or other types of oil-or-natural gas-bearing formations, a new drilling boom seems quite unlikely under any circumstances.
One market factor that could result in a somewhat higher active rig count would be a sudden rise in crude oil prices, if it appears likely to last for a long period of time. Companies like Exxon, Chevron, Oxy and Diamondback Energy certainly have the capability to quickly activate a significant number of additional rigs to take advantage of long-term higher prices.
But crude prices are set on a global market, and that market has appeared over-supplied in recent months with little reason to believe the supply/demand equation will change significantly in the near future. Indeed, the OPEC+ cartel has been forced to postpone planned production increases several times over the past 12 months as an over-supplied market has caused prices to hover well below the group’s target price.
But it is wrong to think the domestic oil industry will not respond in any way to Trump’s efforts to remove Biden’s artificial roadblocks to energy progress. Trump’s efforts to speed up permitting for energy projects of all kinds are likely to result in a significant build-out of much-needed new natural gas pipeline capacity, natural gas power generation plants and new LNG export terminals and supporting infrastructure.
Instead of another four years of “drill, baby, drill,” the Trump efforts to speed energy development seem certain to result in four years of a “build, baby, build” boom.
Indeed, the industry is already responding in a big way in the LNG export sector of the business. During Trump’s first week in office, LNG exporter Venture Global launched what is the largest energy IPO by value in U.S. history, going public with a total market cap of $65 billion.
With five separate export projects currently in various stages of development, all in South Louisiana, Venture Global plans to become a major player in one of America’s major growth industries in the coming years. Trump’s Day 1 reversal of Biden’s senseless permitting pause on LNG infrastructure is likely to kick of a number of additional LNG projects by other operators.
The Trump effect took hold even before he took office when the Alaska Gasline Development Corporation entered into an exclusive agreement in early January with developer Glenfarne to advance the $44 billion Alaska LNG project. The aim is to start to deliver gas in 2031, with LNG exports following shortly thereafter.
America’s oil and gas industry has demonstrated it can consistently grow overall production to new records even with a falling rig count in recent years. Now it must grow its related infrastructure to account for the rising production.
That’s why Trump’s “drill, baby, drill” mantra is likely to transform into “build, baby, build” in the months and years to come.
David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
Daily Caller
McKinsey outlook for 2025 sharply adjusts prior projections, predicting fossil fuels will dominate well after 2050

From the Daily Caller News Foundation
A new report from McKinsey & Company, the “Global Energy Perspective,” lays bare what many of us – dismissed as “climate deniers” – have been asserting all along: Coal, oil and natural gas will continue to be the dominant sources of global energy well past 2050.
The McKinsey outlook for 2025 sharply adjusts prior projections. Last year, the management consultant’s models had coal demand falling 40% by 2035. Today, McKinsey projects an uptick of 1% over the same period. The dramatic reversal is driven by record commissioning of coal-fired power plants in China, unexpected increases in global electricity use, and the lack of viable alternatives for industries like steel, chemicals and heavy manufacturing.
The report states that the three fossil fuels will still supply up to 55% of global energy in 2050, a forecast that looks low to me. Today’s share for hydrocarbons is about 64%.
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In any case, McKinsey’s report confirms what seasoned energy analysts and pragmatic policymakers have long maintained: The energy transition will not be swift, simple, or governed solely by climate targets. In fact, this energy transition will not happen at all without large scale deployment of nuclear, geothermal or other technological innovations that prove practical.
In places such as India, Southeast Asia and sub-Saharan Africa, the top energy priorities are access, affordability and reliability, which together add up to national security. Planners are acutely aware of a trap: Sole reliance on weather-dependent power risks blackouts, industrial disruption, economic decline and civil unrest.
That is why many developing nations are embracing a dual track: continued investment in conventional generation (coal, gas, nuclear) while developing alternative technologies. McKinsey says this in consultancy lingo: “Countries and regions will follow distinct trajectories based on local economic conditions, resource endowment, and the realities facing particular industries.”
In countries like India, Indonesia and Nigeria, the scale of electrification and industrial expansion is enormous. These countries cannot afford to wait decades for perfect solutions. They need “reliable and good enough for now.” That means conventional fuels will be retained.
McKinsey’s analysis also underscores what physics and engineering dictate: Intermittent and weather-dependent sources, such as wind and solar, require vast land areas, backup batteries and generation and power-grid investments, none of which come cheaply nor quickly.
The technologies of wind and solar branded as renewable should instead be called economy killers. They make for expensive and unstable electrical systems that have brought energy-rich nations like Germany to their knees. After spending billions of dollars on unreliable wind turbines and solar panels and demolishing nuclear plants and coal plants, the country is struggling with high prices and economic stagnation.
The Germans now have a word for their self-inflicted crisis: Dunkelflaute. It means “dark doldrums”—a period of cold, sunless, windless days when their “green” grid fails. During a Dunkelflaute in November 2024, fossil fuels were called on to provide 70% of Germany’s electricity.
If “renewables” were truly capable, planners would shut down fossil fuel generation. But that is not the case. While wind and solar are pursued in some places, coal and natural gas remain much sought-after fuels. In the first half of 2025 alone, China commissioned about 21 gigawatts (GW) of new coal-fired capacity, which is more than any other country and the largest increase since 2016.
Further, China has approved construction of 25 GW of new coal plants in the first half of 2025. As of July, China’s mainland has nearly 1,200 coal plants, far outstripping the rest of the world.
McKinsey points to a dramatic surge in electricity demand driven by data centers, which is estimated to be about 17 % annually from 2022 to 2030 in the 38 OECD countries. This kind of growth in electricity use simply cannot be met by wind and solar.
When analysts, journalists and engineers point out these realities, they’re branded as “shills” for the fossil fuel industry. However, it is not public relations to point out the physics and economics that make up the math for meeting the world’s energy needs. Dismissing such facts is to deny that reliable energy remains the bedrock of modern civilization.
The cost of foolish “green” policies is being paid in lost jobs, ruined businesses, disrupted lives and impoverishment that could have been avoided by wiser choices.
For those who have repeated energy realities for years, the vindication is bittersweet. The satisfaction of being right is tempered by the knowledge that many have suffered because reality has been ignored.
Vijay Jayaraj is a Science and Research Associate at the CO2 Coalition, Fairfax, Va. He holds an M.S. in environmental sciences from the University of East Anglia and a postgraduate degree in energy management from Robert Gordon University, both in the U.K., and a bachelor’s in engineering from Anna University, India.
Daily Caller
Trump Reportedly Planning Ground Troops, Drone Strikes On Cartels In Mexico

From the Daily Caller News Foundation
The U.S. is reportedly planning to send troops and intelligence officers into Mexico to target drug cartels, former and current U.S. officials told NBC News Monday.
Training has reportedly already begun for such a mission, two current U.S. officials told NBC News, though no deployment to Mexico is imminent. The plan would deploy both U.S. military and CIA personnel on the ground in Mexico and include drone strikes on cartel targets, according to the report. If put into action, it would be a significant escalation in President Donald Trump’s ongoing campaign against Latin American drug cartels.
“The Trump administration is committed to utilizing an all-of-government approach to address the threats cartels pose to American citizens,” a senior administration official told NBC in response to the news.
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If the mission is approved, the administration reportedly plans to keep the operation secret and not publicize any strikes, unlike the video-documented attacks on cartel boats in the Caribbean and Pacific that Trump has highlighted in the past, according to the report.
The plan calls for drone strikes against drug labs in Mexico as well as top cartel leaders, the officials told NBC News, and is not intended to undermine the Mexican government.
The U.S. troops will reportedly mostly be Joint Special Operations Command (JSOC) members, who operate under the authority of the intelligence community, two current officials told NBC News. Pat administrations have deployed the CIA to aid in missions against cartels from the Mexican government, but have never gotten involved directly as the reported plan prescribes.
The CIA and the White House did not immediately respond to the Daily Caller News Foundation’s request for comment.
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