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Biden vs. Trump: The Battle Over American Energy Policy And Its Consequences

Biden vs. Trump: The Battle Over American Energy Policy And Its Consequences

Forbes highlights the key differences between Trump and Biden’s energy policy.

The C3 Take

This article highlights the key differences in environmental policy between Biden and Trump. Namely, it points to the inconsistencies of Biden’s campaigning and his promises for energy. One thing we can be sure of—Biden will in some form undo most of what Trump has done in terms of environmental regulation. It is important to remember that the environmental regulations that were repealed under Trump were largely redundant and often slowed down progress.

“By effectively making the U.S. the “swing” producer in global oil markets, the fracking revolution has weakened the ability of OPEC and Russia to support crude oil prices by restraining output. A Biden presidency which would vacate the role of the U.S. as the world’s leading oil and gas producer would no doubt be welcomed by Russia and the OPEC oil and gas exporters struggling with low energy prices.”

Read the full article here.

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