Several energy industry trade groups issued comments following Donald Trump’s re-election to the presidency on Nov. 5, from traditional oil and gas-related groups to offshore wind energy organizations.
A sampling of their comments is provided below.
American Petroleum Institute (API) President and CEO Mike Sommers issued the following statement on the results of the 2024 presidential election:
“We congratulate President Trump on his election victory. Energy was on the ballot, and voters sent a clear signal that they want choices, not mandates, and an all-of-the-above approach that harnesses our nation’s resources and builds on the successes of his first term. We look forward to working with the incoming administration and leaders in both parties to advance bipartisan solutions that unleash American energy as a driver of economic prosperity, environmental progress and stability around the world.”
Energy Workforce & Technology Council President Tim Tarpley issued the following statement on the results of the 2024 presidential election:
“Energy Workforce & Technology Council (EWTC) is the national trade association for over 220 energy service and technology companies representing over 650,000 men and women in every state in the country. EWTC congratulates President-elect Trump and Vice President-elect J.D. Vance on their election victory. EWTC appreciates President Trump’s commitment to energy production in the United States and we look forward to working together with him and his administration on removing barriers to access federal leasing both onshore and offshore, sensible environmental regulations, ending the LNG pause, and quickly passing legislation that will reform and expedite the permitting process in our country. These actions will allow our sector to meet the growing energy demand our country will face in the coming years.”
Oceantic Network, the largest non-profit focused on offshore wind and other ocean renewables, issued the following statement from President & CEO Liz Burdock following the 2024 US presidential election:
“On behalf of our 450+ offshore wind supply chain members, Oceantic Network congratulates President Donald Trump on an historic political comeback. The American people voted resoundingly for domestic economic prosperity. Eight years ago, the first Trump administration laid out the fundamental framework for our modern offshore wind industry and oversaw three federal lease sales that netted $456 million for the federal treasury. Industry responded by making the first supply chain investments that are now creating jobs in Texas and South Carolina. The momentum started by that administration resulted in thousands of new jobs and $40 billion in new investment. This includes $24 billion in direct investments towards manufacturing, vessel-building and shipyard upgrades, port infrastructure, transmission planning, and workforce development across 39 red and blue states.
“With President Trump in office, we have the opportunity to harness even more investment and measurable economic benefits for communities across the country. The US offshore wind industry stands ready to welcome new investments in American factories and shipyards. Oceantic looks forward to working with the Trump-Vance administration and the new Congress to advance our nation’s economy, combat rising costs, and deliver more domestic energy.”
USEA President & CEO Mark W. Menezes issued the following statement in response to the 2024 Presidential Election:
“The United States Energy Association offers its congratulations to President-elect Donald Trump and Vice President-elect JD Vance. As an organization serving as a convening resource to foster the advancement of the entire energy sector and a promoter of affordable, reliable, and accessible energy in the US and internationally in partnership with the United States government, we look forward to working with the incoming Administration and thank our partners in the Biden-Harris Administration for their service and dedication.”
Rystad Energy’s Global Head of Commodity Markets - Oil, Mukesh Sahdev, issued the following oil market update in response to the 2024 Presidential Election:
"Oil prices have yet to show significant movement following Donald Trump’s win. Brent has entered a correction phase, ending several weeks of gains after surpassing the $75-per-barrel mark, pre-victory. This correction reflects expectations of increased US supply and a potential demand slowdown tied to a tariff-driven approach toward key trading partners, particularly China.
"As the market navigates shifting political and geopolitical hurdles, oil prices remain under pressure from ongoing supply chain disruptions and a sluggish macroeconomic recovery.
Adding to the complexity, the strengthening dollar—boosted by Donald Trump’s return to office—leaves oil market participants grappling with election-related uncertainties that can only be answered in the coming months.”
National Ocean Industries Association (NOIA) President Erik Milito issued the following statement in response to the 2024 Presidential Election:
“NOIA congratulates President-elect Trump on his election victory and looks forward to working with his administration and the incoming Congress. The US offshore energy industry is an irreplaceable asset, providing homegrown energy security, jobs, economic opportunities, and billions in government revenue.
"Moreover, the Gulf of Mexico provides a crucial geopolitical counterbalance to nations like Iran and Russia, reinforcing America’s energy independence and global influence. It is not just an economic powerhouse but also a key player in providing lower-carbon energy solutions. With its vast potential for carbon sequestration, the Gulf is essential for efforts to reduce emissions and decarbonize hard-to-abate industries.
“Workers in states like Texas, Louisiana, North Carolina and Florida are actively helping to build offshore wind projects. These projects are progressing safely and responsibly, with many already having steel in the water.
“Funding the federal government and passing key legislation, such as permitting reform, should be top priorities. These measures are essential to laying the foundation for the incoming Congress, enabling them to build on this momentum and further expand bipartisan offshore energy priorities. By championing innovative offshore energy policies that foster continued development, we can drive meaningful energy progress that benefits all Americans, regardless of political party."
