There is one thing above all that is currently restraining fossil fuel companies from launching large new extraction projects, and it’s not a piece of legislation that Obama introduced and Trump can reverse. What’s holding them back is the price of oil and gas. As I write this in 2017, the price is much lower than when Obama took office, because there’s an oversupply—more oil and gas is available than consumers want. The reason price is such an issue for new projects is that the cheap and easy-to-access fossil fuels have been steadily running out, particularly in the US. So what’s left? Stuff
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