• Trump plan to boost oil, coal could send prices lower

    Trump plan to boost oil, coal could send prices lower

    President-elect Donald Trump has pledged to boost the oil and gas sector and bring back coal, reversing President Barack Obama’s efforts to encourage renewable energy and cut dependence on fossil fuels.

    But analysts say Trump’s policies could serve to worsen the global energy glut, which would reduce prices while doing little to revive the fortunes of “Big Coal.”

    Trump has made no secret of his support for fossil fuels. His policy advisors include top oil industry lobbyists, fracking king Harold Hamm, and […]