Trump Promised to ‘Drill, Baby, Drill.’ The New Rigs Are Nowhere to Be Found

During his presidency, Donald Trump vowed to unleash the full potential of America’s oil and gas reserves by expanding drilling operations. His rallying cry of ‘Drill, Baby, Drill’ resonated with many in the industry and promised to bring about an energy revolution.

However, despite these promises, the new rigs that were expected to spring up across the country are nowhere to be found. The oil and gas industry has faced numerous challenges in recent years, including plummeting oil prices and environmental concerns.

Experts suggest that the lack of new drilling rigs can be attributed to a combination of market forces and regulatory hurdles. While Trump’s administration rolled back numerous environmental regulations to spur industry growth, the impact has been limited.

Environmentalists have raised concerns about the long-term consequences of increased drilling, citing the risks of oil spills, habitat destruction, and climate change. The lack of new rigs may come as a relief to those who advocate for a transition to renewable energy sources.

Despite the current landscape, some in the industry remain optimistic about the future of drilling in America. They believe that with the right policies and investments, the United States can continue to be a leading producer of oil and gas for years to come.

Only time will tell if Trump’s promise of ‘Drill, Baby, Drill’ will come to fruition or if the new rigs will remain elusive.