US oil industry doesn’t see profit in Trump’s “pro-petroleum” moves
by Skip York, The Conversation from Ars Technica - All content on (#727NA)
As the Trump administration makes announcement after announcement about its efforts to promote the US fossil fuel industry, the industry isn't exactly jumping at new opportunities.
Some high-profile oil and gas industry leaders and organizations have objected to changes to long-standing government policy positions that give companies firm ground on which to make their plans.
And the financial picture around oil and gas drilling is moving against the Trump administration's hopes. Though politicians may tout new opportunities to drill offshore or in Arctic Alaska, the commercial payoff is not clear and even unlikely.