Trump Leads US to be a Net Fossil Fuel Exporter

  • 2019-12-03
  • Source: TTN
  • by: TTN Staff
Trump Leads US to be a Net Fossil Fuel Exporter
Gage Skidmore [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
 
Under President Trump's leadership, the United States has become a net exporter of fossil fuels. The Democrats running for president want to change this and have proved as much by continually attacking the oil industry.

According to The Daily Caller:

The U.S. exported roughly 89,000 barrels of fossil fuels per day during September, according to data the Energy Information Administration (EIA) released Nov. 29. That’s the first full month the U.S. has exported more than it imported since the U.S. began tracking such data in 1949.

A decade-long increase in fracked gas production is fueling the numbers. Former presidents Jimmy Carter and Barack Obama, among others, spent years promising to make the U.S. energy independent. Presidential candidates from both parties made similar pitches throughout the years.

“This is a very big deal, not just rich in symbolism but marking a major and tangible benefit to the U.S. economy,” Daniel Yergin, vice chairman of IHS Markit, told reporters Tuesday. He authored a book “The Prize” in 2008 that fleshed out how big oil became a dominant form of energy.

Meanwhile, many of the 2020 Democratic presidential candidates are campaigning on bludgeoning the oil industry.

Both Bernie Sanders and Elizabeth Warren have campaigned against the oil and gas industry effectively picking unproven climate science over the proven economy.

 Source: TTN

People, Places & Things

Article Index
X