Two key aspects of President-elect Donald Trump’s decisive electoral mandate are leading a working- and middle-class economic recovery and cooling overheated global tensions with the United States’ strategic competitors. These two tasks, which the Biden administration treated as mutually exclusive, can both be addressed by the MAGA agenda’s silver bullet: fossil fuel extraction.
Trump’s choices to lead the Interior and Energy Departments underscore the incoming administration’s commitment to a unified, pro-fossil-fuel energy strategy. At Energy, Trump has nominated Chris Wright, the CEO of Liberty Energy. Wright’s career has been defined by innovation in the energy sector. In 1992, he founded Pinnacle Technologies, pioneering the development of hydraulic fracturing technologies that were instrumental in advancing the commercial viability of shale gas production. Following Pinnacle’s sale in 2006, Wright reentered the energy market by founding Liberty Energy, which has since become a leading service provider for hydraulic fracturing operations.
At Interior and at the helm of the newly created National Energy Council, North Dakota’s Governor Doug Burgum is set to take the reins. North Dakota ranks third in the nation—behind only Texas and New Mexico—in both crude oil production and proven reserves, making Burgum’s state a central player in America’s energy landscape. Burgum, who ran a presidential campaign with a near-exclusive focus on energy policy, brings a personal understanding of the energy industry and a proven track record of championing fossil fuels. His appointment to Interior signals a decisive shift in federal policy: opening federal lands for exploration and extraction. This move has the potential to significantly expand domestic production capacity, bolstering economic growth and energy security.
Though these selections have garnered less press attention than Trump’s less conventional selections at other posts, Wright and Burgum’s appointments send a clear message to global markets and adversaries: The United States is back in business, and we intend to “drill, baby, drill!” The impacts of deregulatory, pro-production policies will quickly be felt both at home and abroad, allowing the Trump administration to deliver quick, substantive wins for the American people.
Though the U.S. faces a myriad of crises, no single issue drove Americans to the polls more than the ongoing affordability crisis. Reckless Covid-era spending, coupled with Biden’s so-called Inflation Reduction Act, fueled a modest rise in core inflation but burdened American households with extraordinarily high consumer inflation. The Inflation Reduction Act, the “Green New Deal” in disguise, delivered entirely predictable results. Gasoline prices rose 37 percent from January 2020 to June 2024. Groceries increased by roughly 22 percent over the same period, electricity costs jumped 30 percent, and the median home sale price skyrocketed by 50 percent. While wages have risen modestly, American households have been unable to keep up with crushing cost increases, fueling record-breaking reliance on credit cards as citizens scrabble to make ends meet. […]
— Read More: www.theamericanconservative.com
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