The Trump administration is helping to increase oil production in the newly renamed Gulf of America by 100,000 barrels per day under a new policy following President Donald Trump’s executive order to increase American energy.
Interior Secretary Doug Burgum announced that all offshore oil drilling in the Gulf will now be able to tap multiple reservoirs at the same time and at increased pressure than previously allowed, which would boost output by close to 10%.
The department also cited a September 2023 study from the University of Texas that revealed over the next 30 years, up to a staggering 61% more oil can be produced than what is currently being produced.
“This is a monumental milestone in achieving American energy dominance,” Burgum said in a statement.
“We’re delivering more American energy, more efficiently, and with fewer regulatory roadblocks. That means lower costs, more jobs, and greater security for American families and businesses as President Trump promised.”
Just weeks before the Trump administration took over, the Biden administration tried to hinder the incoming administration by banning new offshore oil and gas drilling along most of America’s coasts.
On Trump’s first day, he reversed the move in an executive order.
“Climate extremism has exploded inflation and overburdened businesses with regulation,” Trump said in his official pronouncement reversing Biden’s policy, which made the “East coast, the eastern Gulf of Mexico, the Pacific off the coasts of Washington, Oregon, and California, and additional portions of the Northern Bering Sea in Alaska” off-limits to energy exploration.