How Trump’s energy order affects jobs, fuel prices

How Trump’s energy order affects jobs, fuel prices

President Trump recently rolled back Obama-era regulations on fossil fuels, eliminating regulations on various industries which were implemented as a way to curb environmental harm. The Trump Administration has highlighted this order’s potential to bring back jobs in the coal industry as well as to increase the output of other sectors. However, experts point to many economic reasons as to why this plan will not bring the prosperity the Administration is touting. For example, this policy most likely will not spur job growth in the coal industry because coal has been outperformed by the availability and low-cost of natural gas. Simple economics has reduced the influence of certain sectors on our society, a factor experts say will not be reversed by this new executive order by President Trump.

 

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