Oil industry analysts expect President - elect Donald Trump to slash taxes on oil and gas activity , in turn allowing for expansion and innovation . The details of his energy policy , however , are difficult to discern . He has talked about “ unleashing ” fossil fuel development , but undoing previously existing or pending regulations is easier said than done . “Oil and gas companies are becoming much better at controlling fugitive methane emissions from pipeline and infrastructure,” Anderson commented. Under Obama , the US fossil fuel industry has been driven to become more efficient and emit less greenhouse gases , but improvements have been driven in large part by a slump in oil prices .
Oil industry analysts expect President - elect Donald Trump to slash taxes on oil and gas activity , in turn allowing for expansion and innovation . The details of his energy policy , however , are difficult to discern . He has talked about “ unleashing ” fossil fuel development , but undoing previously existing or pending regulations is easier said than done . Under Obama , the US fossil fuel industry has been driven to become more efficient and emit less greenhouse gases , but improvements have been driven in large part by a slump in oil prices .