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Trump pledges to unlock $66 trillion shale oil and gas revolution

25 Jan 2017
US President Donald Trump has vowed to unlock a $50 trillion shale oil and gas revolution and improve the development of low emissions coal technology for electricity. 

According to officials, Trump's  plan aims to break US reliance on supplies of oil from the Middle East.

Trump has also reportedly said by boosting shale oil and gas production, wages will increase by more than $30 billion over the next seven years.

The Energy First statement said energy was an essential part of American life and a staple of the world economy.

“The Trump administration is committed to energy policies that lower costs for hardworking Americans and maximise the use of American resources, freeing us from dependence on foreign oil,” the statement said. “President Trump is committed to eliminating harmful and unnecessary policies such as the Climate Action Plan and the Waters of the US rule,” the statement said. 

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