Donald Trump’s administration is focused on a strategic economic plan called "3-3-3" proposed by Scott Bessent, the nominee for treasury secretary. This plan aims to achieve three main goals: reducing the federal budget deficit to 3% of GDP, increasing annual economic growth to 3%, and raising the nation’s oil and gas production by an additional 3 million barrels per day by 2028.

Bessent's ambitious target reflects a broader commitment to boosting domestic energy production while addressing fiscal challenges. This plan is expected to have significant implications for the U.S. economy and energy sector, aligning with the administration's objectives for sustainable growth and energy independence.

The current U.S. oil and gas output is around 30 million barrels per day in 2024. The administration's goal is to increase this production by an additional 3 million barrels per day by 2028. This increase in oil and gas production will contribute to the nation's energy independence and economic growth.