Bloomberg Discovers US Presidential Energy Policy Is Self-Serving?
Bloomberg is ringing the alarm bell that a future Trump presidency might pressure nations to burn more oil and gas, empowering 'petrostates' ahead of COP30. This deeply insightful analysis neglects to mention that every US administration, regardless of party, has actively promoted fossil fuel extraction and consumption globally. One might recall how the Biden administration approved more drilling
permits in its first year than Trump did in his first, or how it lobbied OPEC+ in 2021 to increase oil production to lower gas prices. The 'bully' isn't a new phenomenon; it's a bipartisan tradition. So, Donald Trump, a man famously in favor of American energy dominance, might advocate for... American energy dominance? Who could have predicted such a shocking turn of events? The real question
isn't whether Trump will push fossil fuels, but why it's framed as a unique catastrophe when he does it, but standard operating procedure when anyone else does. It's almost as if the concern isn't about the burning of oil, but about who lights the match.