Trump’s Policies Are Creating Uncertainty for Fossil Fuel Companies

AI Analysis

The Trump administration's plan to make fossil fuels cheap could have far-reaching consequences. If costs become so low that extraction becomes economically unviable, it would likely lead to a significant reduction in new drilling and exploration activities.This could result in a decrease in the supply of fossil fuels, potentially leading to higher prices and reduced energy security. The oil industry itself may also be affected, as companies may struggle to remain profitable in such an environment.On a broader level, such policies could have unintended consequences for the global economy and the environment. As the world transitions towards cleaner energy sources, it is essential to consider the potential impacts of such drastic changes.

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Original Article

The Trump administration aims to make fossil fuels cheap—so cheap they wouldn’t be worth extracting. “‘Drill, baby, drill’ is nothing short of a myth,” one oil executive has said.

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