The Presidential Debate: Clashing On Energy

Oilprice.com ^ | 26-09-2016 | Greg

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In a U.S. election year that has seen scant public discussion of any substantive issues, beyond the building of walls and the deportation of immigrants, the issue of U.S. energy policy has largely stayed outside the realm of popular discussion. But in advance of the first presidential debate on Monday, September 26, it seems a good idea to review each candidate’s energy positions in as much detail as possible.

Republican candidate Donald Trump has recently made energy a key part of his platform, arguing that unlocking a “treasure trove” of American energy resources will boost the economy. He has argued that reducing regulation and increasing investment in coal and natural gas will result in 3.5 percent GDP growth and 25 million jobs over 10 years, citing a study from the Institute of Energy Research. The IER study largely connects the economic boost with opening up all federal lands to drilling and fracking, something that Trump has advocated.

Economists have expressed some doubt that the outcome of less regulated drilling will be as beneficial as the IER study indicates; the organization, it should be noted, has long advocated for a free-market approach to energy production while frequently arguing against the viability of renewable energy and the legitimacy of climate change.