In June 2017, President Trump announced that the U.S. would withdraw from the Paris climate accord in an effort to boost the nation’s industry and energy independence, in saying this, I hope a market based on consumer choice in energy products without subsidies to prop up the fossil fuel companies, discouraging alternative energies. Price, world free market, supply, and demand should determine any market and the world energy market should be no exception to this. Mr. Trump argued that the climate accord was unfair to the U.S. since the agreement imposed easier restrictions on China and India who lead the world in carbon emissions, plant a tree, grow some plants, increase biofuels etc. Opponents of the climate agreement argue that it unfairly penalizes U.S. energy companies and consumers by imposing restrictions on domestic energy production. Proponents of the climate accord argue that exiting it sets back decades of diplomatic efforts by the U.S. government to reduce worldwide. If anything if big oil had competition from other energy forces, we would not have to fight expensive Middle East Wars, and we would not have to cut Social Security or welfare of human capital at home etc. Oh........yeah, the dollar was tied to oil and taken off the gold standard in 1973, funny at the time, he was in China opening up diplomatic relations.
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