Trump said he'll unleash an oil boom. Exxon Mobil CEO says not so fast.

Contributing sentiments towards policy:

53% : Patrick De Haan, head of petroleum analysis at GasBuddy, told BI that Trump could take some steps to try to boost US oil production, including easing regulations to open up additional places for companies to drill and working with OPEC.
53% : The nearly 200 countries signed onto that agreement struck a deal last year at the UN climate summit to move away from fossil fuels this decade and the triple renewable energy by 2030.
41% : President-elect Donald Trump's promise to unleash a big oil boom in the US and lower gas prices is running up against a market reality: The world is already awash in fossil fuels.
41% : "We will frack, frack, frack and drill, baby, drill," Trump said in October.
41% : In a separate interview with The Wall Street Journal, Woods added that the US shouldn't drop out of the Paris Agreement as Trump did in his first term and has promised to do again.
37% : "During the presidential campaign, Trump said that he planned to lower energy prices -- including the cost of gas -- by increasing US oil production.
36% : In September, Trump said he would reduce gas prices to below $2 a gallon.
23% : The US is already producing record amounts of oil, at 12.9 million barrels of crude a day in 2023 compared with about 11 million barrels per day in 2020 when Trump left office.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.