Trump, Trade Deal and Impossible Energy Promises
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The Department of Energy (DOE) issued an emergency order for a major grid operator on Monday evening after it requested that the government do so. The PJM Interconnection (PJM) requested the order so that it could run the Wagner Generating Station in Maryland beyond its operating limit,
President Trump said the North Sea was a “treasure chest,” but its high taxes were driving away oil producers.
The EU has pledged to buy $750 billion of energy from the U.S. in exchange for a lower rate tariff rate in its trade deal, but analysts say this is unrealistic.
The Trump administration said on Tuesday it will rescind the long-standing finding that greenhouse gas emissions endanger human health, removing the legal foundation for all U.S. greenhouse gas regulations.
The Trump administration has been talking up provisions of its deal with the European Union that would secure hundreds of billions of dollars in investments.
EPA administrator Lee Zeldin and Energy Secretary Chris Wright defend the Trump administration's proposal to repeal a major Obama-era regulation on greenhouse gas emissions on 'America Reports.'
There are strong echoes of Donald Trump's failed trade deal with China from his first term as U.S. president in the framework agreement reached with the European Union.