GOP presidential candidate Donald Trump has pledged to slash energy costs by 50% within his first year in office if elected.
Speaking at a defense manufacturing facility in Pennsylvania, Trump outlined his plan to reverse current federal policies, including removing mandates for electric vehicles and canceling “green energy” initiatives.
He criticized the Biden administration’s approach, warning that if Kamala Harris were to win the presidency, energy costs could skyrocket, and U.S. oil production could cease entirely.
Trump accused the Biden administration of waging a “regulatory jihad” aimed at shutting down power plants.
Trump’s vision for U.S. energy policy starkly contrasts with that of the Biden administration, which has embraced a different set of energy policies. Harris has indicated she would continue the current energy transition if she becomes president.
In contrast, Trump has consistently advocated for U.S. energy dominance, aiming to maximize oil and gas production to achieve energy self-sufficiency and enhance the country’s international influence through energy exports.
In a recent Bloomberg interview, Trump described oil as “liquid gold” and emphasized his intention to increase U.S. oil production.
“We have more liquid gold than anybody,” he asserted, adding, “We need energy at low prices. The advantage we have over almost every country, including the very large ones, is that we have more energy than anyone. We have more of the real energy, the energy that works.”
Trump criticized renewable energy sources, claiming that wind and solar power are neither environmentally effective nor cost-efficient. He argued that these technologies are too expensive and inadequate for providing affordable energy.
