Donald Trump’s return to the White House is prompting analysts to predict a dramatic shift in U.S. energy policy, particularly in contrast to the Biden administration’s green agenda.
As Trump gears up for the election, market experts are focusing on his commitment to undoing key environmental regulations and expanding fossil fuel production.
Trump has made it clear that, if re-elected, he would immediately reverse policies like the electric vehicle mandate, which he criticized as detrimental to industries such as trucking.
“The truckers came in to see me. They say, ‘sir, they want us to go all-electric, and it’ll destroy the industry,'” Trump told Tucker Carlson last week.
Financial analyst Tom Luongo believes Trump’s stance marks a significant departure from the Obama-Biden era’s climate policies, which he sees as aligned with European globalist interests.
“Trump is not down with any of that,” Luongo said, suggesting that a Trump administration would push for increased domestic oil and gas drilling.
On the electric vehicle debate, Luongo notes that while Trump and Tesla’s Elon Musk may have differing views, they share a common goal: “Let’s open up oil and gas. Let’s free the car makers to make whatever cars people want,” Luongo added.
Trump’s approach could also impact U.S. relations with Russia, with energy policy set to become a major bargaining chip in future negotiations.
