Trump Energy Plan Would Hurt Oil and Gas Industry

Trump’s plan to save the oil and gas industry and even save coal, fails to understand the cause of the low oil prices. Trump’s plan announced in his first major energy policy speech is to “regulate less, drill more”. As one analyst’s puts it "The problem isn't the amount of drilling. It's the glut." The reduction in drilling is not because of regulations its “because of a glut caused by massive amounts of new supply from the U.S. shale revolution.” Economics not regulations drives drilling decisions. “Ramping up production would risk renewing the oversupply problem” that has started to recede in the 2nd quarter 2016.