What does all this mean? It means that oil majors like ExxonMobil, and the banks that underwrote their bad bets, desperately want the price of oil to go back up—to get their super-profits back and to get the fossil fuel frenzy back on. So a very big question that needs answering is this: what is the Trump administration—aka Team ExxonMobil—going to do to achieve that? We are already seeing some policies that appear designed to drive up oil prices. For instance, Trump moved to eliminate the Obama-era requirement that vehicles become more fuel-efficient—which means more trips to the gas station
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