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Thursday, 29 October 06:10 (GMT -05:00)



Business And Politics News

U.S. Energy Revolution Announced by Trump Threatens Russia


Donald Trump’s speech about starting a new energy revolution together is now discussed by the international community. It seems that the USA is going to start a new policy regarding commodities. The changes are expected to take place within the next 10 years.
 

 

 

 

Apparently, America’s new energy policy is aimed at dominating the global markets over time. That’s why Trump and his administration are now betting big on the local oil and gas production. The thing is, the sources of the so-called green energy are not capable of replacing hydrocarbons for now, which is why they still have to rely mostly on conventional energy carriers, especially as shale oil and gas production has been booming over the last few years.
 
Since Russia is one of the biggest oil and gas producers in the world, the USA’s possible hegemony in the industry is no good for the Russian economy heavily dependent on the export of crude oil and natural gas.
 

 

To make a long story short, Trump is going to make the USA an energy superpower. By the way, 100 years ago, the USA used to be the world’s biggest producer of crude oil and coal. Moreover, Donald Trump plans to make the energy sector the locomotive of the American economy. To prove that, over 300K new jobs have been created this year, with 200K more jobs to be created till the end of the year. The bottom line is, the energy sector is one of the few sectors of the American economy that have been booming for a while, especially as the rest of the economy has been showing relatively slow growth. The average salary in the industry is $90K, which is twice as high as the average paycheck across the entire American economy. So, the announced energy revolution is just another step implementing the nationalism and protectionism proclaimed by Trump during his pre-election campaign in 2016. Yet, the USA seems to have all chances to succeed to become a major player in the international energy market.

 

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