GOP presidential candidate Donald Trump has promised to reduce energy costs by half by reversing current federal government policies in his first year in office if he gets elected.
Trump was speaking at an event at a defense manufacturing facility in Pennsylvania and said that if he enters the White House, during his first year he would remove future mandates for electric cars and cancel “green energy” policies, according to a report by UPI.
Trump went on to warn those in attendance that if Harris wins the presidential vote, energy costs would triple and quadruple, and the U.S. “won't be producing a drop of oil.” He also accused the Biden administration of a “regulatory jihad to shut down power plants.”
The Biden administration indeed has a very different energy policies agenda than Trump and Harris has indicated she would stay in the transition lane if she enters the White House as president.
Trump, on the other hand, has remained a staunch supporter of what he calls U.S. energy dominance, encouraging as much oil and gas production as possible to turn the country into a self-sufficient one in terms of energy and extend its international influence through energy exports.
Last month, in an interview with Bloomberg, Trump said that if he wins he would boost U.S. oil production, calling the commodity liquid gold.
“We have more liquid gold than anybody,” Trump told the publication, adding “We need energy at low prices. The advantage we have all over almost every country including the very large ones is that we have more energy than anybody. We have more of the real energy, the energy that works,” the former president vying for another term in office said.
“Wind does not work. It’s too expensive,” said Trump, claiming that solar and wind farms are neither too good for the environment, nor too suitable to provide energy at low costs and prices.
By Charles Kennedy for Oilprice.com