Trump has already started to make his mark in the energy sector, according to a new white paper from ICIS, paving the way for the building of two major oil pipelines while promising to revamp the coal and gas industry. In addition, he has started rolling back a series of environmental regulations with campaign promises mainly focused on an increase of U.S. jobs in order to encourage a boost in the sector and the wider economy.
Trump has also promised a doubling of shale oil production, U.S. energy dominance and total independence. However, given U.S. oil break-evens, what approach will cash-hungry cost-conscious oil exploration and production companies take? Could a preference for gas and coal mean the end of the renewables electricity systems? In addition, will there be a ripple effect if the Clean Power Plan gets scrapped?