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

Published

5 months ago

6 minute read

 

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.

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Daily Caller

LA Anti-ICE Chaos, Clashes With Police Spreading Around America

Published on June 11, 2025

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From the Daily Caller News Foundation

By Hudson Crozier

The unrest that has consumed Los Angeles in recent days appears to be spreading elsewhere as numerous rioters outraged at immigration raids were arrested across the country on Tuesday night.

Los Angeles authorities began making “mass arrests” late Tuesday and issued a curfew following days of rioting sparked by Immigration and Customs Enforcement (ICE) arrests of illegal immigrants in the area. Businesses were seen in the process of boarding up their buildings in anticipation of possible looting, the Daily Caller News Foundation reported.

Local media outlets reported that major U.S. cities saw their own versions of Los Angeles’ chaos Tuesday night, with alleged assaults of police officers, fires, rock-throwing and other acts of violence. Protests and resulting arrests had already started to spread beyond Los Angeles as of Monday night.

Seattle

At least two people were arrested after protesters tore down American flags at a federal building in Seattle and burned them on Tuesday night, according to multiple reports. Earlier that day, Department of Homeland Security (DHS) officers were seen on video shoving back Antifa-style militants and firing crowd control munitions after the activists tried to block entrances and exits to the building, which houses an immigration court.

New York City

Eighty-six people were arrested overnight starting on Tuesday evening as protesters marched to a Manhattan immigration court and other locations, local outlet ABC7 reported. Police said people threw bottles at protesters and debris and traffic cones onto the road. Charges included assault, resisting arrest, reckless endangerment and obstructing government administration.

One exchange caught on video showed a woman pleading with protesters to let her drive past them on the road so she could go to work.

Illegal migrants “are having their children taken and their parents,” a traffic-blocking activist told the driver.

Another video posted by Sky News showed a mob trying to force its way past a wall of officers while screaming.

Denver

Protesters began gathering at the Colorado State Capitol building in Denver on Tuesday before moving off in a crowd to block traffic on two streets, Colorado Newsline reported. Police ended up in confrontations with rioters throughout the evening, arresting at least 17 on charges such as obstruction of streets, graffiti, assaulting a peace officer and unlawful throwing of projectiles, according to 9News. Police were reportedly seen throwing smoke bombs and pepper balls to disperse crowds.

Atlanta

Organizers of an anti-ICE rally in Atlanta on Tuesday night had agreed to disperse by 9 p.m., but some protesters remained and set off scuffles with police, a local Fox network reported. Rioters damaged three police squad cars by throwing rocks, police said, and threw fireworks at officers. Police used tear gas to disperse the agitators and arrested at least six.

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Crime

LA Mayor Karen Bass Makes New Demands Of Trump At Monday Night Press Conference

Published on June 10, 2025

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From the Daily Caller News Foundation

By Mariane Angela

During a Monday night press briefing, Democratic Los Angeles Mayor Karen Bass told the Trump administration to stop the Immigration and Customs Enforcement (ICE) raids in Los Angeles.

President Donald Trump deployed the National Guard to Los Angeles on Saturday after riots erupted following an ICE raid at a Home Depot. During Monday’s press briefing, Bass called for an end to the raids conducted by the Trump administration, claiming that the power to deploy troops or request assistance should lie with state and local officials, not the federal government.

“I would say stop the raids. Stop the raids, period. I would say give the power back to our governor, and if we need the National Guard, we can do it in the normal circumstances, which is the request is made local, and the governor decides, or not to, grant that to our city,” Bass said when asked what she would say to the Trump administration.

Bass reiterated her earlier stance and questioned the need for an additional military presence, given the National Guard’s current role in securing federal buildings.

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“We didn’t need the National Guard. Why on earth? What are they going to do? Do you know what the National Guard is doing now? They are guarding two buildings,” Bass said when asked to react to the deployment of Marines.

Bass then called the deployment an unjustified and overreaching action.

“They are guarding the federal building here in downtown, and they’re guarding the federal building in Westwood. That’s what they’re doing. So they need Marines on top of it? I don’t understand that. That’s why I feel like we are part of an experiment that we did not ask to be a part of,” Bass added.

Despite Bass claiming that the National Guard’s deployment was unnecessary, Fox News reporter Bill Melugin shared videos showing ICE agents in one of the vehicles being struck by rocks. Melugin also posted additional footage and photos of the aftermath, including an image of an ICE agent’s injury and a windshield damaged by a rioter’s rock.

Around 1,000 individuals wreaked havoc in Los Angeles Friday night, surrounding a federal building, attacking ICE agents, deflating tires and vandalizing government property, according to the Department of Homeland Security. The unrest caused significant damage and severe traffic disruptions, bringing several key city roads to a complete standstill.

On Saturday night, Trump authorized the deployment of the National Guard to assist local law enforcement and warned Democratic California Gov. Gavin Newsom that the federal government would intervene if local authorities failed to restore order.

In response, California filed a lawsuit against the Trump administration Monday, challenging the deployment of National Guard troops to Los Angeles to address the immigration riots. Attorney General Rob Bonta and Newsom said that federalizing 2,000 California National Guard members without Newsom’s consent exceeded the president’s authority.

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