I don't disagree that the Oil lobby is happy with "drill baby drill." Fewer regulations and easier permitting make sense for CEOs in that industry. But, economically it is a bad time to drill. It would only drive prices lower. Certainly, the oil industry is happy to have a friend in the White House. However, I would not expect a rush to drill by the industry.
I often comment on people/voters taking action against their own best self interest. I agree Musk is not helping Tesla with some of his efforts. Second piece just posted!
I think Donald Trump's campaign promise to eliminate the EV mandate was probably intended to solicit donations from the oil industry more than from the automobile manufacturers. Last year at Mar-a-Lago he asked oil executives to donate $1 billion to aid his campaign to retake the White House and now he just has to write a few executive orders to pay them back.
I don't disagree that the Oil lobby is happy with "drill baby drill." Fewer regulations and easier permitting make sense for CEOs in that industry. But, economically it is a bad time to drill. It would only drive prices lower. Certainly, the oil industry is happy to have a friend in the White House. However, I would not expect a rush to drill by the industry.
I often comment on people/voters taking action against their own best self interest. I agree Musk is not helping Tesla with some of his efforts. Second piece just posted!
Of course his decisions will hurt his Maga base more that others. At this point he really doesn't care.
I think Donald Trump's campaign promise to eliminate the EV mandate was probably intended to solicit donations from the oil industry more than from the automobile manufacturers. Last year at Mar-a-Lago he asked oil executives to donate $1 billion to aid his campaign to retake the White House and now he just has to write a few executive orders to pay them back.