President Trump promised repeatedly that he would halve electricity and gas prices within 12 months. But his new 10% tariff on China and proposed 10-25% tariffs on Canada and Mexico would make gas prices and utility bills go substantially up, not down. Meanwhile, his war on cheap clean energy makes the problem even worse.
Source: ch442
2 Comments
If anyone honestly believed that “drill baby drill” was going to lower prices you’re a bigger moron than he is. Explain to me why big oil would speed up production on a finite resource.
The US imports oil from Canada. Tariffs against Canada make the price of oil go up. It’s not complicated.