The U.S. energy industry on Wednesday reveled in Republican Donald Trump’s presidential victory, expecting him to be a strong advocate for more oil and gas output and to cut red tape that has held back billions of dollars of investment in new projects. The world’s largest energy market saw a boom in oil and gas output under Democratic President Barack Obama’s administration, as improved technology led to the development of shale energy reserves that had previously been too expensive to produce. Even during the good times, the energy industry bemoaned environmental regulations that hindered further development. Now, they expect Trump to roll much of that back. While Trump has given little detail on energy policy, he has surrounded himself with shale industry supporters and voiced support for infrastructure projects, including pipelines. “We are […]