Donald Trump’s promise of a golden age for oil is fanciful

An illustration of a pudddle of oil in the shape of Donald Trump's head.

2024-07-24  1343  晦涩

Mr Trump is assiduously courting oil bosses. In April he invited a group of them to Mar-a-Lago, his private club in Florida, and promised to scrap President Joe Biden’s onerous regulations on the industry if returned to the Oval Office. He asked only that they contribute $1bn to his bid for re-election, arguing that the figure would be a bargain compared with the windfall they would receive from lower taxes and looser regulations.

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