Automobile Industry

"Conserving oil is no longer an economic imperative for the US, the Trump administration has declared in a major new policy statement that threatens to undermine decades of government campaigns for efficient cars and other conservation programs. One analyst critical of the move said it was “like saying, ‘I’m a big old fat guy, and food prices have dropped – it’s time to start eating again”. He added: “There’s a downside to living large.” The position was outlined in a memo released last month, without fanfare and in support of the administration’s proposal to relax fuel mileage standards."