Momma put those drills on the ground, and unleash the U.S. energy producer, assuming they have the stomach to do it! The UPI and Dan Graeber reported that “U.S. presidential remarks about Alaska and senate measures on offshore drilling may point to an executive action on oil and gas,” authorities on the matter said. “We’re going to take care of Alaska too,” President Donald Trump told Sen. Lisa Murkowski, R-Alaska, during remarks on the signing of an executive order on national lands. “Don’t “worry about it.”  The UPI said that, “In an executive order signed Wednesday, the Trump administration ordered the Interior Department to review national monument designations, calling such designations an example of federal over-reach. The review process could result in an advantage to industries ranging from logging and ranching, to oil and natural gas. Advocacy and federal insiders have said an executive order that could be released as early as Friday would call for a review of actions enacted by the previous administration that banned Arctic and Atlantic drilling, as well as moratoriums for parts of the Gulf of Mexico.”

Bloomberg reported that Interior Secretary Ryan Zinke on Friday is going to revise a five-year schedule for auctioning offshore drilling rights with the aim of potentially including territory left out by former President Barack Obama. Trump’s order also aims to reverse a potentially more enduring decision by Obama to indefinitely withdraw most U.S. Arctic waters and some Atlantic Ocean areas from leasing forever. “It is better to produce energy here under reasonable regulations than to have it produced overseas with no regulations,” Zinke told reporters at a White House briefing to describe the order Trump is scheduled to sign Friday. 

But as, “Oil companies awash in crude from onshore drilling into dense shale formations in Texas, New Mexico and North Dakota may have little appetite for leases in the Atlantic or the Arctic. Those onshore wells don’t yield crude for long, but they also cost much less. By contrast, in the Arctic, Atlantic and the Pacific Ocean, development costs are high. “Even as President Trump opens drilling almost everywhere, risk-averse companies are looking at the low-hanging fruit,” said Phil Flynn, a senior market analyst with the Price Futures Group. “It’s a lot cheaper to ramp up shale production, turn a quick profit without any vision about long-term sustainable off shore projects.”