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Trump Signs Executive Order Easing Offshore-Drilling Regulations
President Donald Trump signed an executive order to ease regulations on offshore drilling and eventually allow more to occur, particularly in the Arctic Ocean.
The president touted the order as a plus for energy independence, jobs and economic growth. Environmentalists decried the action.
The order, which takes aim at last-minute Obama administration actions restricting drilling in the Arctic and Atlantic oceans, will likely have limited immediate impact due to low oil prices, which currently make drilling in such areas economically unattractive.
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