According to FT:
“I will end Kamala Harris’s anti-energy crusade and implement a policy of energy abundance, energy independence, and even energy dominance,” Trump declared in September 2024. “My plan will cut energy prices in half or more than that within 12 months.”
But since his election the cost of gas and electricity piped into people’s homes has continued climbing, with rates increasing by 9.1 and 6.9 per cent in the 12 months to the end of November. The price of fuel oil, used in home heating, jumped 11.3 per cent. Only the 0.9 per cent annual increase in the price of petrol was below the rate of inflation, an outcome that analysts say reflects the 20 per cent plunge in global oil prices over the past year.
According to fool49:
More failed promises of the president. With an affordability crisis in energy, that hits the working class the hardest. He is trying to distract from his domestic failures, by going to war against foreign nations, where he can get easy wins against weak nations. With the courts ruling against some of his posting of national gaurds in cities, and the supreme court due to rule on his tarrifs. He has more control over foreign policy. But I understood that only Congress can declare war.
His threatening of Greenland seems like madness. It would end the special relationship with Europe, and the NATO organisation.
Reference: Financial Times
Energy prices continue to rise, during the current administration
byu/fool49 ineconomy
Posted by fool49
2 Comments
Trump has not kept his promises from september 2024: ” My plan will cut energy prices in half within 12 months.”On the contrary, gas prices climbed 9.1% at the end of last November, while electricity saw a 6.9% increase, and home heating rose by 11.3%. The victories Trump boasts of through his foreign interventions don’t mask his failures with the American people
Now in the United States, people who are connected with crime have come to power. In Russia, at one time, the same types seized power and established an authoritarian regime. Now their crimes go beyond the borders of the country and affect neighbors, for example, unhappy Ukraine. There they continue to kill and maim civilians, destroy towns and villages. They call all this a war of conquest. Their cruelty, greed and selfishness know no bounds. Only a cohesive, civilized, democratic society can resist this evil and prevent it from spreading around the world.