Investors need to watch out as some radical changes are coming in U.S. energy policy, says Hedgeye Energy Policy analyst Joe McMonigle, as we transition from Obama to Trump.

Trump has called the Iran nuclear deal a "disaster." He would get rid of President Obama’s Clean Power Plan since it would “shut down most, if not all, coal powered electricity plans in America.” He would also like to fast-track the hotly-debated Keystone Pipeline.

In the video above, McMonigle discusses Trump’s energy agenda and what it means for investors. Here are the three key takeaways:

  1. Energy Infrastructure – Pipelines, transmission and other energy infrastructure will be big winners in a Trump Administration. Out of the gate: Dakota Access Pipeline and Keystone XL Pipelines will be approved early. Coal & LNG export facilities will all receive faster approvals under Trump.
  2. Exit Stage Left for Clean Power Plan – The Obama EPA Clean Power Plan and other policies to decarbonize the US economy will soon end. Headwinds for renewable energy that benefit from clean power plan stimulus. Coal, Natural Gas & Nuclear could be winners. Relief for other sectors that will avoid carbon regulation: Refiners, petrochemical, automakers, airlines.
  3. Iran Nuclear Deal & Oil Markets – The nuclear deal with Iran has added nearly 900,000 barrels a day to global oil markets. Trump says he will tear it up. Potentially big impact on oil prices if US sanctions are re-imposed with Trump win. Also, negative for European energy companies who want to do big Iran deals.

Click here to watch the full video Here Comes Trump: Our Top Five Investing Themes.”