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ConocoPhillips Newsroom
Trump's "Energy card": filling the SPR, lifting the LNG export ban, and exporting USA's energy to the entire world.
In his inaugural address, Trump promised to lower Energy prices, fill the USA Strategic Petroleum Reserve (SPR), lift restrictions on liquefied natural gas (LNG) exports, and export USA's Energy to the entire world. Trump also repeatedly promised to reduce Energy prices by 50% during his campaign. Analysts believe that Trump's commitment to lowering Energy prices by 50% is nearly impossible to achieve. In contrast, even during a global pandemic, which is a major disaster, the average Energy cost for Americans only decreased by less than 20%, and oil producers who verbally support Trump will see their profits squeezed.
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The era of Trump 2.0 officially begins! An overview of the eight key points in the inauguration speech, which areas are expected to present good opportunities for layout?
Looking ahead, CITIC SEC stated that it is necessary to pay attention to the introduction and implementation progress of various executive orders by Trump, especially the progress of tariff-related issues and the approval status of Cabinet nominations by Congress. Whether these plans are implemented smoothly may become the key to whether the previously extreme "Trump Trade" can continue.
Oil Falls After Trump Vows to Boost U.S. Output -- Market Talk
On his first day in office, Trump began to reshape US Energy.
Hours after taking office on Monday, President Trump initiated a comprehensive reform of US Energy policy, shifting the federal government's focus to fossil fuel production and withdrawing from the fight against climate change.
Express News | JEFFERIES: Raised ConocoPhillips' target price from $146 to $148.
Express News | Conocophillips : Jefferies Raises Target Price to $148 From $146
After Trump officially took office, TikTok welcomed a "75-day grace period"!
① The new president of the USA, Trump, signed an executive order to postpone the effective date of the "ban or sell TikTok" order by 75 days. ② Trump stated that he would consult with advisors on the TikTok issue, seeking a so-called solution to protect National Security, while addressing the issue of the 0.17 billion users of the platform in the USA.
Trump has once again withdrawn from the Paris Agreement! Experts say that the USA will fall further behind in clean Energy.
① After taking office, President Trump announced that the USA would withdraw from the Paris Climate Agreement again, becoming one of the few countries not participating in the agreement. ② This move undermines the Global ambition to reduce greenhouse gas emissions and raises doubts about the effectiveness of the international climate framework. ③ The USA's withdrawal may cause it to fall behind in the clean Energy sector, while China and the EU may gain a competitive advantage.
Trump has once again "withdrawn from the group" by signing an executive order declaring an "Energy emergency state."
A White House official pointed out that it is "crucial" to declare a state of Energy emergency in the USA.
Express News | U.S. stock night session: Energy stocks strengthen, EONR rises nearly 10%; Nuclear Power stocks VST rise more than 6%.
Shivering, Trump begins to sign a series of executive orders.
Trump is quickly announcing measures to implement many of his campaign promises, including commitments related to immigration, Energy, military, and federal workforce, describing many of the actions as a reversal of his predecessor Biden's policies.
As soon as Trump took office, he "sniped" at Wind Power: he stopped leasing federal land for the construction of wind farms.
Trump will order the federal government to stop leasing USA land for the construction of "large wind farms."
Trump: Will "fill up" the USA Strategic Petroleum Reserve.
In his inaugural speech at the Capitol on Monday, Trump vowed to "lower prices, refill the US strategic petroleum reserve, and export US Energy globally."
Trump was sworn in as the President of the USA! He promised "America First," targeting immigration and Energy, and rescinded the electric Autos policy.
In his inauguration speech, Trump stated, "The Gold era of the USA begins now," and every day he governs will be about "America First."
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Oil: Specs Add to Brent Long – ING