The Trump energy advantage
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... Donald Trump has been sounding the alarm and trying to draw attention to the problem of energy, arguing that it will have an impact on everything else in the economy in America. The energy production of the United States will have consequences for basically every facet of American life for decades to come. High energy supplies help drive down electricity costs, help farmers more efficiently grow and harvest crops, and help businesses reinvest money previously spent on energy costs on workers and the market.
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Donald Trump back in 2020 actually said that energy would be a concern if Joe Biden and Kamala Harris took office. Unfortunately, his prediction has come true. According to new reports, under the Joe Biden and Kamala Harris administration, the United States is on pace to be woefully behind on energy production. So much so that America may not be able to keep up with energy needs by the year 2030.
Donald Trump back in 2020 actually said that energy would be a concern if Joe Biden and Kamala Harris took office. Unfortunately, his prediction has come true. According to new reports, under the Joe Biden and Kamala Harris administration, the United States is on pace to be woefully behind on energy production. So much so that America may not be able to keep up with energy needs by the year 2030.
“In the U.S. alone, adequately funding the capital investments to serve data center growth over the next decade would require utilities to generate 10% to 19% in additional revenue each year than previously forecast,” Bain stated in its report. “That could incrementally increase customer bills by 1% annually through 2032, according to our analysis.”
The report indicates that AI data centers are responsible for approximately 44% of the anticipated growth in electricity demand. Additionally, residential energy use — including electric vehicles (EVs) — is projected to contribute 27% to this increase. The remaining demand growth is expected to stem from manufacturing and commercial electricity consumption.
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The Biden-Harris administration has tried to impose the Green New Deal on American energy production and that is a serious mistake. The suggestion of an energy crisis looks bogus at this time. The US should continue to be a dominant user of fossil fuels. It should also add more nuclear power plants. We already know that wind and solar are just expensive supplemental sources of energy and are not reliable enough to replace the current production of oil and gas.
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