The U.S. is a powerhouse. Unfortunately, we’ve been chained for years.
But now Trump unleashed American energy in an unprecedented move that put everyone on notice.
Interior Secretary Overhauls Energy Rule to Boost Gulf Coast Production
On Friday, Interior Secretary Doug Burgum will unveil a sweeping revision to a Biden-era federal regulation, slashing financial burdens for energy companies and paving the way for expanded oil and gas development.
The announcement follows Burgum’s tour of a liquefied natural gas (LNG) export facility along the Gulf Coast, where he engaged with industry workers on bolstering domestic energy production.
Deregulation to Slash Costs for Energy Firms
The updated rule, described by an insider as a move to “massively deregulate” a policy from the Biden administration, aims to lower startup costs for energy producers in the Gulf Coast region.
Previously, the Bureau of Ocean Energy Management (BOEM) estimated in 2024 that the rule demanded $6.9 billion in supplemental financial assurances from oil lessees to safeguard against defaults, translating to $665 million in additional insurance premiums.
The Interior Department argued these costs hindered firms’ ability to invest in growth, limiting their pursuit of what President Donald Trump has termed “American energy dominance.”
Burgum, in an interview with Fox News Digital, stated the revision will “enable our nation’s energy producers to redirect their capital toward future leasing, exploration, and production all while financially protecting the American taxpayer.”
Balancing Industry Growth with Oversight
The revised policy maintains requirements for financial assurances from lessees on the outer continental shelf but aligns with the Trump administration’s push for streamlined regulations.
“Cutting red tape will level the playing field and allow American companies to make investments that strengthen domestic energy security and benefit Gulf of America states and their communities,” Burgum emphasized.
The Gulf region, a powerhouse producing 1.8 million barrels of crude oil and 2 billion cubic feet of natural gas daily, stands to gain significantly.
The Interior Department, in an exclusive statement, emphasized its commitment to fostering industry growth while ensuring taxpayer protections, a theme Burgum echoed during his Gulf Coast visit as he outlined plans to better support energy workers and firms.
