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Home Market Research Economy

How much oil can Trump pump?

by TheAdviserMagazine
9 months ago
in Economy
Reading Time: 1 min read
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How much oil can Trump pump?
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Donald Trump, a man not renowned for the length of his attention span, likes simple formulae. Scott Bessent, his nominee to be treasury secretary, has one: “3-3-3”. He wants to cut America’s federal budget deficit to 3% of GDP, lift annual economic growth to 3% and increase the country’s oil and gas output by the equivalent of 3m barrels per day (b/d) by 2028, up from 30m in 2024.



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