America's Truckin' Network -- 1/22/25

America's Truckin' Network

Fires and cold weather are back in the headlines. Among the Executive Orders signed yesterday, many affect the energy and transportation industries. President Trump declared a National Energy Emergency, giving him a broad range of actions to reach a reliable, diversified and affordable supply of energy. President Trump also pulled out of the Paris Climate Accord. We were the largest funder ($10 billion per year) while the Accord allowed China and India to continue polluting. President Trump is going to fill the Strategic Petroleum Reserve and ending Biden's war on liquified natural gas. In another Executive Order, all executive departments are barred from issuing new regulations and new rules until they are reviewed by the new agency heads. He also removed EV-Favoring policies and subsidies. Oil reacts to Trump declaring an energy emergency, potential 25% tariffs on Mexico and Canada and to U.S. to stop buying Venezuelan oil.