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Trump Drill Edict Likely Won’t Have Much Effect
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Trump Drill Edict Likely Won’t Have Much Effect

Our Correspondent
Apr 30, 2017
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Asia Sentinel
Asia Sentinel
Trump Drill Edict Likely Won’t Have Much Effect
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Although President Donald Trump signed an executive order on April 28 seeking to expand offshore oil and gas drilling in the United States, it isn’t likely to have much of an impact. Low oil prices and cheap shale oil have reduced spending on conventional oil projects to the lowest level in more than 70 years.

In fact, while there are concerns on the par…

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