TIME | Oil Industry Fears Trump May Hit Them Up on Tax Reform TIME Oil Industry Fears Trump May Hit Them Up on Tax Reform. Philip Elliott @Philip_Elliott. 4:28 PM ET. SHARE. Plunging Energy Prices Put Strain On Texas Economy. Spencer Platt—Getty Images An oil pumpjack works at dawn in the Permian Basin oil field on ... Top oil and gas group looks to Trump for help in rolling back recent 'regulatory onslaught' Top US oil industry group lobbies Trump for lighter regulation Oil lobby bullish on Trump, GOP Congress |