Trump's Energy Revival: Balancing Shale Boom and Policy Simplicity

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Source: NPR
Trump's Energy Revival: Balancing Shale Boom and Policy Simplicity
Photo: NPR
TL;DR Summary

President-elect Donald Trump and prominent Republicans are advocating for an "all-of-the-above" energy policy that supports both fossil fuels and renewable energy sources. This approach, which has been a mainstream Republican position, aims to balance oil and natural gas production with investments in solar, wind, geothermal, and nuclear energy. While Trump's administration may roll back regulations to boost oil production, market forces and Wall Street's focus on financial returns could limit significant increases. Renewables, now cheaper than fossil fuels, are expected to thrive under a rebranded focus on energy security and job creation.

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