23
Dec
2016

YEAR IN REVIEW – Trump’s rise and potential impacts on US energy

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Donald Trump’s rise to power this year took most commentators by surprise. Few would have expected him to win the Republican nomination, let alone become president-elect.

For the US fossil fuel industry, this is undoubtedly good news, shown most clearly by Trump’s appointment of Exxon CEO Rex Tillerson as secretary of state. Critics say the 64-year-old oil boss has no political experience, while others counter that in his capacity as the head of ExxonMobil, Tillerson has more practical experience of geopolitics than other contenders – as well as personal relationships with heads of state and energy ministers the world over.

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