FinancialNewsMedia.com News Alert: DENVER, CO — November 22, 2016 — Oil&Gas360.com recently published an article that included industry commentary based on the elections regarding the future of the Energy sector for companies such as: Petro River Oil Corp. (OTC: PTRC), Chevron Corporation (NYSE: CVX), Resolute Energy Corporation (NYSE: REN) and Continental Resources (NYSE: CLR)
Post Election Rally – As markets continue to soar post-election day, with shipping company DryShips Inc. (NASDAQ: DRYS) leading the charge with astounding 1600% gains, market watchers are closely scrutinizing sectors including banking, energy and defense as President-Elect Donald Trump has promised to overhaul regulations across the board. Read this and more industry commentary at http://www.oilandgas360.com/the-trump-effect/
The oil and gas industry is by nature optimistic, and with the recent strength shown by oil prices reaching the $50 range, shale producers have begun re-deploying capital into projects that just a few months ago were in hibernation. Read this and more news for PTRC at http://financialnewsmedia.com/profiles/ptrc.html
By appointing noted contrarian and Washington insider Myron Ebell, director of the Center for Energy and Environment at the Competitive Enterprise Institute, to lead the transition of the Environmental Protection Agency (EPA), Donald Trump has signaled that major energy policy changes are on the way.
In fact, Scientific American believes that “Ebell’s participation in the EPA transition signals that the Trump team is looking to drastically reshape the climate policies the agency has pursued under the Obama administration.”
U.S. government policies have restricted companies from commencing projects that could produce millions of barrels of oil, particularly in places like Alaska where Arctic drilling is prohibited, and in Oklahoma, where outdated policies have bogged down permitting and production across historic fields.
Ebell has long called for the opening of federal land for oil exploration, whereas the outgoing administration in 2012 shut down 1.6 million acres to oil shale development. If policies like these are reversed, drilling on federal lands could spark…