Trump wants to leverage American oil and gas resources to spur manufacturing in the US.India may ramp up energy supplies from the US with President Donald Trump's pro-domestic oil and gas production policies set to boost US supplies to the global market, weighing on prices, oil minister Hardeep Singh Puri said on Tuesday.
"If you were to ask me whether more American energy is going to come on to the market, my answer is yes," Puri said on the sidelines of a conference organised by the Society of Indian Automobile Manufacturers (Siam). "If you say there is a potent possibility of more purchase of energy between India and the US, the answer is Yes." The US is already one of the largest oil and gas suppliers to India.
Trump wants to leverage American oil and gas resources to spur manufacturing in the US. "We have something that no other manufacturing nation will ever have: the largest amount of oil and gas of any country on Earth. And we are going to use it," Trump said at his inauguration ceremony on Monday.
