Trump's return may reshape oil industry with focus on production and reduced renewable support

Donald Trump’s return as President may benefit the oil industry, as he plans to increase production and reduce support for renewable energy. This marks a shift from the previous administration's approach. Experts caution that Trump's focus on low prices might conflict with the goals of oil companies. They have expressed concerns about balancing production increases with profitability. Industry representatives welcome the change in tone, moving away from negative labels used by the Biden administration. Trump’s campaign promises include a commitment to support the oil and gas sector.