Coming with the new year is a new president with a very different vision on energy than President Joe Biden, who campaigned on a promise to “end fossil fuel.”
President-elect Donald Trump is dismissive of the immediate “climate crisis” narrative that drove much of Biden’s energy policies. He promises to establish American “energy dominance” and focus policy on bringing down the cost of energy.
While Trump can overturn Biden’s industry-punishing executive orders and create a friendlier regulatory environment for the oil, gas, coal and mining industries, experts say there are economic and technical limits to what the outcomes of his policies will be. Looking ahead to 2025 and beyond, here’s what we might expect for energy and industry in the second Trump administration.
Market forces
During a speech at the Economic Club of New York luncheon in September, Trump said he would end the Biden-Harris administration’s “anti-energy crusade and implement a policy of energy abundance, energy independence, and even energy dominance.” This would include, he said, getting the price of gasoline down below $2 per gallon, which would decrease the cost of all goods and services.
“We have more liquid gold under our feet than any other country, including Russia and Saudi Arabia [and] will be using it. My plan will cut energy prices in half or more than that within 12 months of taking office. It will be an economic revival of our country like no one has ever seen before,” Trump said before his campaign proved successful in the November election. […]
— Read More: justthenews.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
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