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International Business Times
International Business Times
Business
Thomas URBAIN

'Drill, Baby, Drill': Trump Policy Poses Risks, Opportunities For Oil Industry

Donald Trump United States Oil Joe Biden Stewart Glickman the White House Darren Woods Petroleum
Donald Trump ran on opening up the United States to more petroleum development, but the oil industry does not always embrace additional drilling (Credit: AFP)

Donald Trump's election as US president brings back a champion of the oil industry to the White House, but experts warn that his push for low prices could be at odds with petroleum companies' priorities.

On the campaign trail, Trump repeatedly said he would "unleash" the US oil sector by boosting production and curbing the move towards renewable energy pushed by outgoing president Joe Biden.

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