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What to Know About Donald Trump's Energy Plan

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Next week, Donald Trump will be sworn in as the 45th president of the United States of America. 

Before November's presidential election, we sat down with an energy expert for his take on now President-elect Trump's energy strategy. Dr. Kent Moors is the executive chair of the Energy Capital Research Group and a former professor of political science at the Graduate Center for Social and Public Policy at Duquesne University in Pittsburgh.

Hear what he had to share in the video below. It's important to note that the analysis and commentary presented in the video solely reflects the views of Dr. Moors and does not reflect the views of Direct Energy nor does it constitute an endorsement. 

On the campaign trail and in his America First Energy Plan, Trump consistently called for tapping into U.S. oil, natural gas and coal reserves while emphasizing the jobs that could be created through increased production. 

“Now, look. I’m a great believer in all forms of energy, but we’re putting a lot of people out of work. Our energy policies are a disaster. Our country is losing so much in terms of energy, in terms of paying of our debt. You can’t do what you’re looking to do with $20 trillion in debt,” Trump said in the first presidential debate. 

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A major point by Dr. Moors — and one that has been made by several other experts — is that an oil and natural gas strategy will likely and largely be dictated by market conditions. 

“The Trump campaign has already made a decision, arguing that completely opening up the United States for as much drilling as possible is preferable," Moors said. "If the market increases, there's more profitability from the drilling, but that's also translated to increased costs." 

Of course, it's still very early and the new administration's energy direction will continue to become clearer after next week's Inauguration and in the months and years to come. 

Stay tuned to the Direct Energy Business Blog as we continue to highlight energy trends to watch in 2017. 

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Posted: January 12, 2017