Trump declares energy emergency: Focus shifts to drilling
"I am declaring a national emergency in the energy sector. We will drill," announced Donald Trump, the new U.S. President. America will become a manufacturing country again," he added.
"We have the largest amount of oil and gas among all countries on Earth. We will use them. Prices will drop. We will fill our strategic reserves to the brim and export our energy worldwide," stated Donald Trump during his first address after being sworn in.
Trump announces increased oil production
"We will be a rich country again. This liquid gold will help us do this. We will end the new Green Deal," added the politician.
It is also expected that the U.S. will once again withdraw from the Paris Climate Agreement.
Global markets react to Trump's inauguration
The global financial markets reacted with growth to the anticipated inauguration of Donald Trump as President of the United States. The main stock indices in Asia and Europe recorded gains, while the U.S. dollar weakened against all major currencies, signaling a significant change in investor sentiment.
