Trump Administration's Energy Policy Driven by Political Favoritism, Not Economic Theory
President Trump's energy policy is characterized by a strong promotion of U.S. fossil fuel production and consumption. This includes measures such as mandating the continued operation of coal-fired power plants, easing air pollution regulations for power facilities, and rolling back energy efficiency standards. Concurrently, the administration has actively sought to impede renewable energy projects. While President Trump's broader economic strategy often leans on mercantilism—the idea that national wealth is built on exporting more than importing—and occasionally references free markets, these theories do not consistently align with his energy decisions. For instance, mercantilist principles would support fuel efficiency standards to free up oil for export, yet the administration has opposed them. Similarly, forcing utilities to use coal-fired power and obstructing wind and solar projects contradicts free-market ideals. The underlying rationale appears to be political, favoring industries that are signific...
