American Energy Firms Are Counting Down The Days Until Trump’s Return

President-elect Donald Trump’s promise to “drill, baby, drill” in his upcoming administration appears to have American energy firms eagerly awaiting his return, according to a new survey.

On numerous occasions, Trump vowed to unleash American oil and made achieving “energy dominance” a key aspect of his next administration’s agenda. Responding to an anonymous survey conducted by the Dallas Federal Reserve, several energy executives said that they are optimistically awaiting the former president’s return to office, with many citing “positive regulatory changes” in their responses.

The survey noted a dramatic decline in its “outlook uncertainty index” with one respondent explaining, “The outcome of the 2024 presidential election removes the risk of the unknown.”

“There is more optimism looking at first quarter 2025 than first quarter 2024,” one respondent wrote. “Much of 2024 felt like a waiting game … We think the election results will be good for activity even if it’s just because operators and service companies have a clear direction for planning.”

“We are encouraged that the new administration in Washington, D.C., will enact some positive regulatory changes for offshore drilling in the U.S.,” another wrote.

President Joe Biden and Trump have had vastly different approaches to domestic energy policies, though one survey respondent claiming that the shifting political landscape is “helpful insofar as regulations,” considering Trump is likely to reduce the regulatory burden on oil firms. For this reason, many energy executives have in the past criticized Biden’s