What Trump Doesn’t Get About Oil

Trump has encouraged domestic oil production and discouraged the use of renewable energy sources in an effort to achieve what he calls “energy dominance.” Oil prices, however, are set on a worldwide basis; the loss of supply outside the Western Hemisphere consequently impacts prices here even if there are no shortages in America.

In other words, Trump is exposing us to escalating energy prices by attacking Iran even if we have accomplished his “energy dominance” objective. This would not be a problem if we had more clean energy, but that, of course, is a scam.

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