US oil industry doesn’t see profit in Trump’s “pro-petroleum” moves

Those efforts have reversed the Biden administration’s go-slow approach to oil drilling, reducing—though not completely eliminating—the backlog of requests for onshore and offshore drilling permits that accumulated during Biden’s presidency.

Delays in permit approvals increase project costs, risk, and uncertainty. Delays can increase the chances that a project ultimately is downsized—as happened with ConocoPhillips’ Willow project in Alaska—or canceled altogether….