Trump's Energy Allies See Boom Times for Oil, Gas, Mining
The Trump administration's rollback of environmental regulations has been a boon to the fossil fuel industry, and its supporters are expecting a further boost from the president's tax cuts.
The oil and gas industry has been one of the biggest beneficiaries of the Trump administration's environmental rollbacks. The administration has rolled back Obama-era regulations on methane emissions from oil and gas drilling, and it has proposed rolling back regulations on air pollution from power plants.
These rollbacks have been met with fierce opposition from environmental groups, but they have been welcomed by the industry. The American Petroleum Institute, the oil and gas industry's lobbying group, said the rollbacks will "help create jobs and grow the economy."
The mining industry has also benefited from the Trump administration's environmental rollbacks. The administration has rolled back Obama-era regulations on coal mining, and it has proposed rolling back regulations on hardrock mining.
These rollbacks have also been met with opposition from environmental groups, but they have been welcomed by the industry. The National Mining Association, the mining industry's lobbying group, said the rollbacks will "help create jobs and grow the economy."
The Trump administration's tax cuts are also expected to provide a boost to the fossil fuel industry. The cuts will reduce the corporate tax rate from 35% to 21%, and they will eliminate the individual mandate of the Affordable Care Act, which is expected to lead to lower health insurance premiums for some Americans.
The fossil fuel industry is expected to use the tax savings to increase production and exploration. The American Petroleum Institute said the tax cuts will "help create jobs and grow the economy." The National Mining Association said the tax cuts will "help create jobs and grow the economy."
The Trump administration's policies are expected to have a significant impact on the fossil fuel industry. The rollbacks of environmental regulations and the tax cuts are expected to lead to increased production and exploration, which will benefit the industry and its supporters
.