Will Donald Trump Help or Hurt Big Oil?

CNN Money: “Donald Trump has promised to be a loyal friend of Big Oil. Not only does the president-elect want to remove the shackles on oil by rolling back regulations, but he wants to unleash America’s natural resources by expanding drilling on federal land.”

“Problem is, the world is inundated with oil, currently. So, the actual impact of Trump’s energy agenda is less clear cut. In many ways, Trump presents a double-edged sword for oil: His policies may seek to help the oil industry itself. But tapping oil is not the problem that oil companies face. It’s low prices.”

“In fact, Trump’s efforts to boost production may hurt oil companies by exacerbating the epic supply glut that caused prices to crash in the first place.”

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