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Fortune

Eleanor Pringle

Trump is vowing to tap America’s ‘liquid gold’ oil reserves to make America rich again

Donald Trump America Oil United States Gold Rystad Economy the White House Inauguration

US President Donald Trump during an executive order signing ceremony in the Oval Office of the White House in Washington, DC, US, on Thursday, Jan. 30, 2025. (Credit: Bonnie Cash/UPI/Bloomberg - Getty Images)

President Trump wants to tap America's oil reserves to boost the economy during his term—but industry shareholders care about their dividends, not his popularity. Also, the economics of oil exploration and production aren't simple and are unlikely to be swayed by short-term political policy.

Donald Trump is planning to revitalize America's economy by digging deep. Literally.

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