Despite all the media rhetoric, oil prices have been fairly stable since the new Trump administration came into office, with promising new drastic changes to the American regulatory landscape. A promising future for oil.
https://oilprice.com/Energy/Energy-General/Oil-Markets-Largely-Unfazed-by-Political-Turmoil-of-Trumps-First-Week.html
"Oil prices have remained relatively rangebound following Trump's first week in office despite a significant amount of media noise and political news."
"US President Donald Trump has reportedly halted all pending environmental litigation and reassigned four Justice Department attorneys, despite not being political appointees, focused on the issue to the newly created Sanctuary City Working Group."
"The EIA expects higher wholesale electricity prices across the United States, with the notable exception of Texas and the Northwest, averaging $40 per MWh over the year, up 7% year-over-year, with California seeing the biggest increases."