Realizing our Offshore Economic Opportunity

It’s early days for the Trump administration, but we already know a few things. Our new president favors swift action to meet his campaign promises. He’s also shown himself to be a no-holds-barred cost-cutter.

These two prongs create a dilemma. Trump pinned his reputation on job creation, but given recent events he will now lack expected healthcare savings to reinvest in stimulus in a budget-neutral manner. Fortunately, significant opportunity exists to unshackle offshore drilling and simultaneously unleash hiring activity and boost federal revenues. Some moves will require only the stroke of a pen.