President-elect Donald Trump is preparing to unleash a flurry of executive orders later this afternoon, reportedly numbering around 200, to reignite his 'America First' agenda. On the energy front, Trump is expected to declare a national energy emergency to ramp up domestic crude oil and natural gas production to reduce power bill costs for all Americans. 

Later this afternoon, hours after Trump is sworn in, his administration will immediately get to work by declaring a "national energy emergency." According to Bloomberg, citing numerous sources, Trump plans to unleash new oil and gas development on federal lands while reversing the Biden-Harris administration's de-growth climate regulations. 

"While many of the executive actions will simply kick off a lengthy regulatory process, they're set to touch the full spectrum of the US energy industry, from oil fields to car dealerships," Bloomberg noted, adding, "They also underscore Trump's determination to reorient federal government policy behind oil and gas production, a sharp pivot from Biden's efforts to curb fossil fuels."