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Trump's energy chief to unleash Gulf drilling with major rule change

Trump's energy chief to unleash Gulf drilling with major rule change

Yahoo02-05-2025

EXCLUSIVE: Interior Secretary Doug Burgum on Friday will update a Biden-era federal rule regarding energy development as a major cost-saving measure to private firms, one day after taking a visit to a liquefied natural gas (LNG) export facility on the Gulf Coast.
A source familiar with the workings of the rule said it essentially will "massively deregulate" a rule passed between the two Trump administrations and should further bolster Gulf Coast oil and gas production by providing lower startup costs for energy firms.
The rule outlines criteria that producers and grantholders must provide as financial assurance, with a 2024 Bureau of Ocean Energy Management (BOEM) estimate that $6.9 billion in new supplemental assurance would be required to protect against oil lessees' default.
The Interior Department said that $6.9 billion added up to the $665 million in estimated additional insurance premiums for energy companies, which stifled how much they could spend to expand their operations and pursue what President Donald Trump has called "American energy dominance."
Burgum Says Interior Department Completely Embracing Doge Effort
Burgum told Fox News Digital that the rule 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.
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"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," he said.
Dakotas Primed For Newfound Political Prominence As Senate, Trump Administration Leaders Picked From Heartland Crop
BOEM will continue to require lessees on the outer continental shelf to provide financial assurances, while the Trump administration writ large works toward more balanced regulations, the department said in an exclusive statement.
During Burgum's visit to the Gulf, he met with energy workers at the LNG facility and discussed how the department under his leadership wants to better support the industry.
The Gulf of America currently produces approximately 1.8 million barrels of crude oil daily and 2 billion cubic feet of natural gas per day.Original article source: Trump's energy chief to unleash Gulf drilling with major rule change

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Readers sound off on the Trump/Musk rift, anti-ICE protests and Diddy's abuse
Readers sound off on the Trump/Musk rift, anti-ICE protests and Diddy's abuse

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Readers sound off on the Trump/Musk rift, anti-ICE protests and Diddy's abuse

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Acclaimed Hip-Hop Star Makes Bold Political Statement at Awards Show
Acclaimed Hip-Hop Star Makes Bold Political Statement at Awards Show

Yahoo

time39 minutes ago

  • Yahoo

Acclaimed Hip-Hop Star Makes Bold Political Statement at Awards Show

Acclaimed Hip-Hop Star Makes Bold Political Statement at Awards Show originally appeared on Parade. was named best female hip-hop artist on Monday, June 9, at the BET Awards at the Peacock Theater in downtown Los Angeles. Yet instead of giving the traditional thank-you-laden speech, she focused on what was happening outside of the theater. 'I do wanna address what's happening right now outside of the building,' she said, referencing the protests against ICE raids that are occurring around L.A. 'There are ruthless attacks that are creating fear and chaos in our communities in the name of law and order. [President Donald] Trump is using military force to stop a protest. And I want y'all to consider what kind of government it appears to be when every time we exercise our democratic right to protest, the military is deployed against us. What type of government is that?' 🎬 SIGN UP for Parade's Daily newsletter to get the latest pop culture news & celebrity interviews delivered right to your inbox 🎬 Doechii wasn't done. She explained that she felt it was her duty to use her platform to speak out against injustice. 'People are being swept up and torn from their families, and I feel it's my responsibility as an artist to use this moment to speak up for all oppressed people,' she added as the crowd applauded, per Billboard. 'For Black people, for Latino people, for trans people, for the people in Gaza, we all deserve to live in hope and not in fear and I hope we stand together, my brothers and my sisters, against hate and we protest against it.' Several other artists, including Green Day's and of Rage Against the Machine, have also spoken out against the ICE immigration raids in Los Angeles and President Trump's decision to deploy the National Guard to the city against the wishes of Los Angeles Mayor and California Governor .Acclaimed Hip-Hop Star Makes Bold Political Statement at Awards Show first appeared on Parade on Jun 10, 2025 This story was originally reported by Parade on Jun 10, 2025, where it first appeared.

Rapper Doechii condemns Trump's immigration raids, protest crackdown at BET Awards
Rapper Doechii condemns Trump's immigration raids, protest crackdown at BET Awards

Yahoo

time39 minutes ago

  • Yahoo

Rapper Doechii condemns Trump's immigration raids, protest crackdown at BET Awards

The Brief Doechii used her BET Awards speech to condemn Trump's immigration crackdown and protest response. She questioned the use of military force against demonstrators exercising their rights. The speech comes as protests continue just blocks from the ceremony venue in Los Angeles. LOS ANGELES - Grammy-winning rapper Doechii used her first BET Awards win Sunday night to deliver a pointed message about the protests and immigration raids unfolding just outside the venue doors. After accepting the award for best female hip-hop artist at the Peacock Theater in downtown Los Angeles, Doechii shifted from thanking fellow nominees to directly criticizing the Trump administration's use of federal troops and immigration enforcement. "There are ruthless attacks that are creating fear and chaos in our communities in the name of law and order," she said. "Trump is using military forces to stop a protest. I want you all to consider what kind of government it appears to be when every time we exercise our democratic right to protest, the military is deployed against us. What type of government is that?" Doechii's words received loud applause and a standing ovation from the audience. The backstory The protests in Los Angeles began after large-scale ICE raids and arrests targeting undocumented immigrants across the region. President Donald Trump responded by ordering the deployment of more than 4,000 National Guard members and 700 Marines to assist with immigration enforcement and protect federal property. California officials, including Gov. Gavin Newsom and Attorney General Rob Bonta, have condemned the move as unconstitutional and filed lawsuits arguing that the deployment was made without state approval. Some have accused the Trump administration of using military force to provoke chaos and intimidate protestors. "People are being swept up and torn from their families," Doechii continued. "I feel like it's my responsibility as an artist to use this moment to speak up for all oppressed people. … We all deserve to live in hope and not fear. I hope we stand together." What they're saying Doechii's remarks quickly drew praise on social media and among attendees. While other artists have not yet spoken out during the ceremony, her speech set a sharply political tone amid what had otherwise been a celebratory night honoring the 25th anniversary of the BET Awards. Why you should care The BET Awards took place just blocks from where National Guard troops are now stationed in response to protests. As immigration enforcement actions continue, and as artists like Doechii use their platforms to amplify concerns about civil liberties, her speech underscores the growing intersection between entertainment and political activism. What's next State officials are continuing to challenge the troop deployment in court, and protests are expected to continue throughout the week. It remains to be seen whether more performers or public figures will join Doechii in publicly criticizing the federal crackdown. The Source This article is based on Associated Press coverage of the 2025 BET Awards and live footage of Doechii's acceptance speech. Context was informed by official statements from the Trump administration, California state leaders, and legal filings reviewed by the AP.

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