As a matter of electoral politics, oil production is still popular in swing states like Pennsylvania, and having a noncommittal stance towards domestic oil companies might cause a few oil billionaires not to back Trump (whose own policies are a little bit too erratic and chaotic to allow the business world in general to count on profit/prosperity under a Trump term).
As a matter of policy, domestic oil production is an important tool in countering Russian and Saudi interests. Strong domestic oil production gives the United States more incentive to tighten restrictions on Russian sanctions (without hurting domestic economic interests), and in weakening Saudi price-setting power through OPEC.
Fracking is terrible for the environment. But there are reasons why energy policy looks to more than just environmental issues.
Yeah, I don’t see it.
As a matter of electoral politics, oil production is still popular in swing states like Pennsylvania, and having a noncommittal stance towards domestic oil companies might cause a few oil billionaires not to back Trump (whose own policies are a little bit too erratic and chaotic to allow the business world in general to count on profit/prosperity under a Trump term).
As a matter of policy, domestic oil production is an important tool in countering Russian and Saudi interests. Strong domestic oil production gives the United States more incentive to tighten restrictions on Russian sanctions (without hurting domestic economic interests), and in weakening Saudi price-setting power through OPEC.
Fracking is terrible for the environment. But there are reasons why energy policy looks to more than just environmental issues.
Not just Russia and Saudi, but also Iran and Venezuela.
Oh and hurting those producers helps the US economy as it is an oil and gas exporter.
At the same time lowering the US oil and gas consumption can solve that problem too.