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 oil-rich North Dakota’s congressman Kevin Cramer…

…”Most of the big factors impacting the energy industry have really been market-driven. The shale oil boom put an incredible amount of new oil in the market,” said Sam Ori, executive director of the Energy Policy Institute at the University of Chicago.

“The big challenge facing the oil industry is oil prices.”

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Areas of Focus: Energy Markets
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Energy Markets
Well-functioning markets are essential for providing access to reliable, affordable energy. EPIC research is uncovering the policies, prices and information needed to help energy markets work efficiently.
Fossil Fuels
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Fossil Fuels
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Climate Change
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Climate Change
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Climate Economics
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Climate Economics
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