Summary:

Main Points:

– President Trump promised to remove regulations on fossil fuel companies, enabling increased production.
– However, Big Oil companies are being cautious and not dramatically ramping up production.
– This cautious approach is due to factors like low oil prices, uncertain demand, and climate change concerns.

Author’s Take:

Despite the promises of deregulation, Big Oil companies are showing restraint in dramatically increasing production. This caution reflects a complex interplay of economic, environmental, and social factors shaping the energy landscape.

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