2025 will be the year of energy.
Just The News (12/31/24) reports: "Coming with the new year is a new president with a very different vision on energy than President Joe Biden, who campaigned on a promise to 'end fossil fuel.' President-elect Donald Trump is dismissive of the immediate 'climate crisis' narrative that drove much of Biden’s energy policies. He promises to establish American 'energy dominance' and focus policy on bringing down the cost of energy. While Trump can overturn Biden’s industry-punishing executive orders and create a friendlier regulatory environment for the oil, gas, coal and mining industries, experts say there are economic and technical limits to what the outcomes of his policies will be. Looking ahead to 2025 and beyond, here’s what we might expect for energy and industry in the second Trump administration...Alex Stevens, manager of policy and communications for the Institute of Energy Research, told Just the News that market signals will ultimately shape production under the new administration, but the administration will make investments safer. 'I think the main point of "drill baby drill" is to signal to American energy producers that they will have the freedom to invest in new production so long as the market signals that it is needed. In this environment, markets will be better able to adapt to changes in supply and demand because regulatory red tape will not be in the way,' Stevens said."
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