Reported about 12 hours ago
President-elect Donald Trump's ambition for 'energy dominance' could face significant challenges in practice. His plan to establish a National Energy Council, focusing on increasing U.S. oil and gas production, is complicated by current record levels of U.S. oil output and potential market dynamics. Trump's proposed 25% tariffs on oil imports from Canada and Mexico might also raise prices and impact energy security. Experts express skepticism about the feasibility of restoring gas prices below $2 a gallon and stress the need to address climate change, suggesting a shift towards renewable energy could be crucial.
Source: YAHOO