“IF I’M NOT president, you’re fucked.” So Donald Trump reportedly told a roomful of oil bosses gathered at Mar-a-Lago after his re-election. During the campaign Mr Trump positioned himself as the oil industry’s only hope against the supposedly hydrocarbon-hating Democrats—brushing aside the fact that domestic oil production rose sharply during Joe Biden’s time in office. Mr Trump has since set about rolling back environmental rules and expedited permitting in an effort to get America’s oilmen to “drill, baby, drill”.
