The Trump administration has approved a record 6,000-plus drilling permits on U.S. soil, reversing the Biden administration’s regulatory trend. Doug Burgum, President Trump’s energy czar and chair of the National Energy Dominance Council, stated that the move aims to counter a temporary spike in gas and energy prices caused by the Iran conflict. Burgum emphasized that increased supply would drive prices down, citing recent drops in energy prices and stock market gains as positive signs for American consumers. The administration also highlighted its efforts to negotiate with Venezuela and "unleash Alaska" from regulatory constraints imposed by the Biden administration.
Comparisons with Germany reveal stark differences in energy policies. While U.S. oil prices have risen by about 35% since the start of 2026, Germany has seen a 60% increase. Natural gas prices in Germany have surged by nearly 70%, compared to a 5% rise in the U.S. The Trump administration argues that its energy policies have positioned the U.S. to weather the economic impact of the Iran conflict more effectively than European nations reliant on renewable energy.