Donald Trump’s promise of a golden age for oil is fanciful

“We will drill, baby, drill!” So thundered Donald Trump in his speech on July 19th at the Republican National Convention, where he accepted his party’s nomination as its presidential candidate. Encouraged by rapturous applause, he warmed to the theme, vowing to boost domestic production of fossil fuels to “levels that nobody’s ever seen before”, making America so “energy dominant” that it “will supply the rest of the world”.