And: The U.S. Interior Department is rewriting a drilling plan established by the Obama administration, with an eye toward opening areas in the Arctic and Atlantic oceans that now are off-limits to drilling. It comes as the U.S. State Department issued permits for three NuStar Logistics (NYSE:NS) pipelines crossing the U.S.-Mexico border, adding to the raft of energy deals announced this week.
"We will be dominant. We will export American energy all over the world," President Trump said at the "Unleashing American Energy Event." "But this full potential can only be realized when government promotes energy development... The golden era of American energy is now underway." Crude futures are presently on track for their biggest weekly gain since mid-May, ending five weeks of losses.
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