The implications of a Trump presidency for the oil markets are hard to discern, given the unpredictability of the new administration. But a few possible scenarios are worth considering. The first is the most obvious. Trump and his Republican allies in Congress will do all they can to preside over a drilling boom. That will mean repealing regulations – the Congress is introducing legislation this week to kill an Obama era executive order on methane emissions from oil and gas wells drilled on federal land. It will presumably result in the opening up of territory for new drilling both onshore and offshore, from the Atlantic Ocean to the Arctic Ocean and everywhere in between. The oil-friendly campaign could also result in trying to undermine competing technologies to fossil fuels, by scrapping incentives for renewables and withdrawing from the Paris Climate Change Accord. The result could be much more U.S. […]