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Putting an oil guy in charge of energy is going to push oil production up, prices down, and renewables out.
From foreign policy to climate change, Americans chose America over the world. Can’t hugely blame them, but other countries are not taking the same route.
That said, if, like me, you believe the learning curve of renewables is going to make solar much better on price than a barrel of oil in the near future, this isn’t terrible news. But Trump is pushing that timeline out by a few years, and a few years is meaningful when you acknowledge how much damage extreme weather events are causing around the world.
If you push oil prices down by a few dollars, but you get one extra hurricane which causes $50bn in damage, is it even worth it? 3 replies
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