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U.S. rig counts falling, layoffs increasing

— A key pledge of President Donald Trump’s energy policy is to “unleash American energy,” make the U.S. energy industry dominant, and “drill, baby, drill.”

His Energy Secretary, Chris Wright, the former CEO of Denver-based Liberty Energy, also vowed that Trump’s energy policies would create a “golden age” for the U.S. oil and natural gas industry.

Within the first few months of Trump's new administr…

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