2. Energy regulations
Trump has accused the outgoing Obama administration of stifling development of fossil fuel energy. While oil and natural-gas production has surged over the last eight years, Trump insists that’s happened despite government roadblocks.
“I will cancel job-killing restrictions on the production of American energy, including shale energy and clean coal, creating many millions of high-paying jobs,” Trump said in his November video. “That’s what we want. That’s what we’ve been waiting for.”
The Interior Department and the Environmental Protection Agency hold considerable sway over energy development through access to public lands and environmental regulations. Fossil fuel producers expect Trump’s team to relax some of the restrictions they faced during the Obama years.
“Just as he’s been able to impose additional regulations and burdens on industries, likewise a new administration or a new president can reverse that course or at least make them smart, common-sense regulation and make them so they’re not so unduly burdensome,” said Jack Gerard, president of the American Petroleum Institute.
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