President Trump has promised to roll back federal regulations to help U.S. oil and natural gas and to open up new areas for development. The administration’s energy priority is to “unleash America’s $50 trillion in untapped shale, oil, and natural gas reserves.”
Note: given our low prices, drilling in new areas might not seem so critical today but will becoming increasingly so because oil and gas aren’t yet replaceable at scale, and demand will continue to mount “as far as the eye can see.”
