President Donald Trump during his election campaign for the 2016 elections openly defended his intention to promote the responsible development of America’s abundant energy resources. Thanks to the incentive policies implemented during his term, he achieved an exponential increase in oil and gas exploitation, which generated, among other advantages, money savings for Americans through lower energy prices and less foreign dependence.
President Trump in May 2016 in a nearly hourlong speech in the middle of the election campaign, spoke for the first time on energy policy. He supported an agenda he called America First that would rely heavily on expanding oil and gas production in the United States along with a renewed focus on coal mining.
President Trump certainly delivered on his campaign promise and in his nearly four-year term gave an exponential boost to energy development. The 2020 report of the White House Council of Economic Advisors (CEA) found that in 2017 the United States became a net exporter of natural gas. It was a feat not seen since 1958. The same thing happened with crude oil and oil products that had not happened since 1949.
The impact of the sector’s development is not just a benefit to business people, as many times leftist ideologues would have us believe; on the contrary, it is reflected in many aspects of society and individual consumers.
The CEA maintains that the growth and dominance of the country in the fossil fuel sector generated a stronger economy that is less dependent on the vagaries of the international economy. “Innovation-driven growth in production and exports has made the U.S. economy more resilient to world price spikes.
As BreitBart reported, the U.S. Federal Energy Agency (LNG) also noted that in 2019 “growth in demand for U.S. natural gas exports outpaced growth in natural gas consumption in the local power sector.”
The natural gas explosion, which has had a positive impact on consumers’ pockets, has lowered energy prices in the United States, leaving more Americans with more money to save and invest in their future.
The Trump administration’s success in developing the energy resources industry was also accompanied by an exponential increase in manufacturing production. Both sectors were key pillars for developing other secondary activities that made possible an unprecedented revival of the country’s economy.
The U.S. Income and Poverty report developed by the Census Bureau for 2019, was presented on Sept. 15 and showed the overwhelming and indisputable success of the economic recovery produced under the Trump administration during the year 2019 and early 2020 until the arrival of the CCP Virus.
The economic success during 2019 surpassed that of any other president in the history of the United States, as statistics clearly demonstrate. If the economic success of these last four years is not front page news in all the media, it is due exclusively to political reasons that link mainstream media with the partisan interests of leftist corporations.