Oil executives cautioned it is too soon to gauge the impact of President Donald Trump’s policy proposals on their businesses, but they are looking forward to hearing more about plans for energy regulation, trade and taxation.Tougher environmental regulations under the Obama administration stymied energy infrastructure projects like the Keystone XL crude pipeline and the Dakota Access Pipeline, and required automakers and refiners to spend more to reduce pollutants.Spirits at the 2017 CERAWeek conference in Houston have been buoyed by higher energy prices after a bruising two years for the oil and gas industry. Crude fell by more than 70% from mid-2014 to early 2016 amid a global supply glut.
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Source: Daily Dose of ShaleDirectories.com News
March 9, 2017