President Trump's executive order rolling back energy regulations is unlikely to spawn a surge of jobs or a quick reduction of fuel prices, as the basic rules of economics maintain a powerful hold on the industry.
Will coal jobs suddenly come roaring back? Don't bet on it. Will the price of electricity go into reverse? Not likely. Will increased federal land rights for oil and natural gas clear the way for more U.S. energy production? Yes, eventually. And fewer regulations for oil and natural gas could contribute to lower energy prices in the long run. Plus, lower fuel economy standards, which the Trump administration is contemplating as part of a separate review, could bolster gasoline demand.
Still, the biggest factors shaping the American energy industry are market forces — and that's not changing anytime soon.
Here's how Trump's executive order could affect: