President Trump signed an order Friday to kick off the process of undoing former President Obama’s restrictions on offshore oil and natural gas drilling.
In a White House signing ceremony joined by energy industry officials and lawmakers from coastal states, Trump pitched his executive order as a massive job and economy booster.
“We’re unleashing American energy and clearing the way for thousands and thousands of high-paying American energy jobs,” Trump said at the ceremony.
He said Obama had closed off 94 percent of the country’s outer continental shelf, which “deprives our country of potentially thousands and thousands of jobs and billions of dollars in wealth.”“Renewed offshore energy production will reduce the cost of energy, create countless new jobs and make America more secure and far more energy independent,” he said, calling the order “another historic step toward … a real future with greater prosperity…
View original post 514 more words