President Donald Trump is visiting Texas this week, to raise money for the Republican Party and discuss the country’s energy-dominance agenda with the local oil industry. Trump’s energy agenda was one of the cornerstones of his campaign and, according to observers, secured him many votes from the oil and gas—and coal—industry. Initially defined as an energy security agenda, during Trump’s term, it became an energy dominance agenda as the second shale boom pushed U.S. crude oil production to the highest ever, turning the country into the largest producer of the world’s most traded commodity. However, the second shale boom turned out to be a double-edged sword when the oil market swung into an oversupply yet again, with the coronavirus outbreak decimating demand. The federal administration had worked to achieve energy dominance by “cutting regulations, simplifying permitting and encouraging private investment in energy infrastructure,” according to a White House statement […]

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