The election of Donald Trump as president raises the hopes of oil and natural gas producers, thanks to his full-throated support for the removal of regulations that many say hamper the industry.
Only time will tell if the Republican’s policies will provide much more of a boost to U.S. oil and gas, which has rallied in recent years thanks to technologies that enable production from previously untapped shale reserves.
Moreover, it’s price, not government regulation, that really determines the extent of oil and gas exploration and production, as Thomas Watters, a managing director with S&P Global Ratings, observed the other day. (Read more)
