Trump's Economic Plan: Deep Drilling

This is a U.S. news story, published by MSN, that relates primarily to Uncle Sam news.

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probable oil reserves

Fortune

•

Business

Business & Economics

Trump vows to tap America’s ‘liquid gold’ oil reserves and ‘drill baby, drill’—the only problem is, it’s not up to him

Summary

Nutrition label

80% Informative

The U.S. produces the most oil and gas compared to any nation on earth .

The industry has been readying itself for a plateau in production growth as reserves become exhausted and opportunities for new digging sites dwindle.

The focus is now on returning value to shareholders and preserving resources for the longer term.

Other nations have the potential to uncover reserves greater than those of Uncle Sam .

White House could employ a couple of tricks to make drilling more economically attractive to shareholders.

Even President Trump 's best offer is unlikely to truly shift the scales for an industry that wants to survive in the long term.

Even then, companies would effectively be "cannibalizing" from other areas of their portfolio.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English