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kapone | 4 months ago

What about it? What’s wrong with it?

Oil prices are down, we now produce more oil than anybody else, and enjoy low energy prices domestically.

Where’s the problem?

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triceratops|4 months ago

Electricity prices are up. The administration is cancelling solar and wind projects because of ideology.

kapone|4 months ago

Electricity prices are up everywhere. We're still way lower than many many places. There's many parts of the US (take a wild guess where all the data centers are going...) where electric rates are <$.10/kwh.

Now compare that to...

Yes, solar and wind projects are being canceled, and yes, there may be an element of ideology involved, but the reality also is that the math aint working.

If the math worked, Europe's energy prices wouldn't be where they are now, given the commitment they've made to renewables. I'd much rather see a national focus on nuclear, which is as clean as any other form of energy, and to a degree that is happening now.

amanaplanacanal|4 months ago

I guess we are pretending that climate change isn't real now.

kapone|4 months ago

Whether it is or isn't is not the point. A national energy policy has to work for its people first. If it's not working it needs to be changed.

And I guess the two countries (combined) that have almost 3B people don't believe in climate change either? Because if they did...

beej71|4 months ago

The US has been a top, if not the top, producer and exporter of oil for some time. Trump's not particularly involved in that above and beyond using it as a campaign slogan.

The problem is that the rest of the world is very actively moving on, led by China. A great many oil importing countries reduced their imports last year. China deploys more solar in 6 months than the US has deployed ever and is distributing this technology to the rest of the world far cheaper than they can bring it here. The US had a program to get 1000 new auto chargers installed. China installed 100,000. People are simply unaware of the sheer scale of the Chinese juggernaut. They think that since we're ahead now (questionable) and we're going 95 MPH, we'll always be ahead. They don't realize that China is going 250 and we're getting passed.

Trump would do well for the country to plan ahead JUST A LITTLE BIT.

But as Bolton said, it's unclear if Trump knows the difference between his personal interest and the national interest, or if he's even aware there is a national interest.

lovich|4 months ago

We were producing more oil than anyone else prior to Trump coming in. We’ve been posting ATHs on that front for years every year

kapone|4 months ago

I know, and yet...we were draining the SPR for some odd reason. Why's that?