- Pres. Trump declared a new age of U.S. “energy dominance” today as he outlined plans to roll back Obama-era restrictions and regulations.
- The U.S. Interior Department will rewrite a drilling plan established by the Obama administration, with an eye toward opening areas in the Arctic and Atlantic oceans that now are off-limits to drilling - one of several initiatives Trump unveiled today in an effort to generate more energy exports and jobs.
- Trump said his administration also approved construction of a new oil pipeline to Mexico, and would perform a complete review of nuclear energy policy and seek to address barriers to financing coal plants overseas, as well as opening up offshore drilling.
- Throughout the week, a string of trade deals was announced that could lead to substantial exports of U.S. liquefied natural gas to Asia.
- ETFs: XLE, VDE, ERX, OIH, ERY, DIG, BGR, FENY, DUG, IYE, FIF, RYE, PXJ, FXN, CRAK, DDG, NANR
- Now read: Volatility Spikes As Growth To Value Rotation Continues
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