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Who Loses From Trump's Pursuit Of 'Energy Dominance'? You, The Taxpayer
The Trump administration's 'energy dominance' agenda will only work to make America’s fossil fuel producers more profitable, at the expense of completely dismissing the market and fleecing taxpayers.
Since the oil crises of the 1970s, every U.S. president has in some form or another proclaimed “energy independence” as a goal of American energy policy. The policy aimed to reduce dependency on foreign oil following the gasoline rationing, long lines at the pump and spiking prices that resulted from the 1973-74 oil embargo and the 1979 Iranian revolution. Along with the creation of the Department of Energy, the Strategic Petroleum Reserve and a buffet of efficiency standards and other mandates, the nation implemented a ban on crude oil exports to ensure American oil was available for use by Americans.