U.S. Nears ‘Energy Independence’ Trump Promised During 2016 Campaign – July 2020
PolitiFact examines President Trump’s promise in 2016 that the U.S. will become “energy independent”. Severin Borenstein, Energy Institute Faculty Director, discusses what energy independence would look like, and it isn’t the production of more energy as one would assume.
“Severin Borenstein, the faculty director of the Energy Institute at the University of California, Berkeley’s business school, said in an email that producing more energy than it consumes doesn’t make the U.S. ‘energy independent in any economic sense’…’The price of oil and gasoline in the United States is driven by the world oil market, and that continues to be true even as we produce a larger and larger share of the oil we consume, he said'”.
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