energy-security-trumps-higher-oil-price-wager-paul-wayne

While the OPEC deal gave a year-end rally to oil prices after a turbulent year, depressed prices are likely to continue to be the new normal for 2017. This New Year will be a better year than 2016, but only by a small uptick.
With mid-terms on the horizon, President Donald Trump is betting on an energy rebound to deliver jobs to those who turned out for him in great numbers in Pennsylvania and the wider shale-rich parts of the U.S. Domestically, Trump will push to re-start the U.S.’s energy industry by fast tracking long-delayed pipeline projects, pulling back a number of Obama’s cumbersome environmental and energy regulations, investing in new infrastructure to enhance the nation’s energy grid, and potentially lifting the energy export bans. Abroad, the President will turn his sights on pressing Saudi Arabia and Russia to do their part in cutting back production and stabilizing the market.
Higher oil prices are key to bringing further economic growth at home in his first year in office. Will this work?