Bedminster, NJ — In a new Agenda47 video, President Donald J. Trump announced his plan to bring Americans the lowest-cost energy and electricity on Earth.
“As President, I will set a national goal of ensuring that America has the No. 1 lowest cost of energy of any industrial country anywhere on Earth,” President Trump said. “We will not only match China we will be cheaper than China by a lot. And more energy will mean lower inflation that will mean more jobs.”
TO LOWER INFLATION, PROTECT AMERICAN WORKERS, AND CREATE MILLIONS OF HIGH WAGE JOBS, THE UNITED STATES MUST HAVE THE LOWEST COST ENERGY AND ELECTRICITY ANYWHERE IN THE WORLD
PRESIDENT TRUMP’S PLAN FOR THE UNITED STATES TO HAVE THE #1 LOWEST COST OF ENERGY AND ELECTRICITY WILL LOWER INFLATION, RESTORE AMERICAN ENERGY INDEPENDENCE, AND EVEN ENERGY DOMINANCE, AND ALLOW THE UNITED STATES TO BECOME THE MANUFACTURING SUPERPOWER OF THE WORLD
President Trump will once again unleash American Energy.
On Day One, President Trump will rescind every one of Joe Biden’s industry-killing, jobs-killing, pro-China and anti-American electricity regulations.
To keep pace with the world economy that depends on fossil fuels for more than 80% of its energy, President Trump will DRILL, BABY, DRILL.
President Trump will end Biden’s delays in federal drilling permits and leases that are needed to unleash American oil and natural gas production. Joe Biden has increased the cost of oil and gas leases by 50% and reduced the available acreage for drilling by 80%.
President Trump will free up the vast stores of liquid gold on America’s public land for energy development.
President Trump will remove all red tape that is leaving oil and natural gas projects stranded, including speeding up approval of natural gas pipelines into the Marcellus Shale in Pennsylvania, West Virginia, and New York.
President Trump will fill up the U.S. Strategic Petroleum Reserve (SPR) that Joe Biden wastefully drained to its lowest level in 40 years.
President Trump will once again exit the horrendously unfair Paris Climate Accords and oppose all of the radical left’s Green New Deal policies that are designed to shut down the development of America’s abundant energy resources, which exceedany country’s in the world, including Russia and Saudi Arabia.
President Trump will stop the wave of frivolous litigation from environmental extremists that hold up critical energy development projects for years, increase project costs, and discourage future development.
President Trump will immediately stop all Joe Biden policies that distort energy markets, limit consumer choice, and drive-up costs on consumers, including insane wind subsidies, and DoE and EPA regulations that prevent Americans from buying incandescent lightbulbs, gas stoves, quality dishwashers and shower heads, and much more.
President Trump will support nuclear energy production, which reached a record high during his administration, by modernizing the Nuclear Regulatory Commission, working to keep existing power plants open, and investing in innovative small modular reactors.
The United States should source as much fuel as we can from U.S. mined materials and reduce our reliance on foreign fuel to run our domestic reactors.
We should ensure a clear and expedient pathway for advanced, micro and modular reactors to reach commercialization.
President Trump will provide tax relief from Biden’s suffocating tax hikes on America’s oil, gas, and coal producers.
President Trump will champion America’s great dams and hydroelectric power, which Biden has launched heartless attacks on, threatening to cut off electricity to millions of Americans in Washington.
On Day One, President Trump will also roll back every Biden administration mandate that is brutalizing the American auto industry and the American consumer with skyrocketing costs.
President Trump will end Biden’s assault on the internal combustion engine and cancel his harmful April 2023 emission regulations for light, medium, and heavy-duty vehicles, that are projected to kill 117,000 auto manufacturing jobs.
President Trump will also end Biden’s insane CAFE fuel economy standards that will cost the auto industry an estimated $200 billion and raise the average cost of vehicles by more than $1,000 according to the Biden administration’s own estimates, at a time when the average price of a new car is $49,500.
HAVING THE NO. 1 LOWEST-COST ENERGY AND ELECTRICITY IN THE WORLD WILL LOWER INFLATION, PROPEL THE AMERICAN ECONOMY FORWARD, AND CREATE MILLIONS OF HIGH WAGE JOBS:
Affordable electricity powers economic growth.
When electricity is inexpensive, it costs less to make products, resulting in money saved for American producers and more affordable products for American consumers. Researchers have found that there is almost a 90% correlationbetween the use of electricity in the U.S. and economic growth.
When electricity costs are high in America, companies move overseas to countries like China where it is cheaper, taking jobs and hundreds of billions of dollars with them.
American manufacturing relies on inexpensive electricity for everything from keeping power on in factories to making products to shipping those products to consumers.
America’s high-tech companies, which have led the world in innovation, rely on vast amounts of affordable electricity. Google, for example, consumes more electricity than half of the countries in the world.
With historic innovation in Artificial Intelligence, America’s software industry needs affordable electricity now more than ever. Inexpensive electricity could make the difference in the world-changing race between U.S. and China to develop the most sophisticated AI.
Across the globe, the high cost of electricity is killing jobs and destroying living standards.
In 2008, the economy of the European Union was larger than America’s economy. Today, after years of radical climate regulations that have made the EU’s cost of electricity the highest in the world, America’s economy is ONE-THIRD LARGER than the European Union and Britain’s combined.
In California and Massachusetts, democrat-run states with radical climate regulations, industrial electricity is already TWICE as expensive as the national average and THREE TIMES more expensive as China.
The average household in California uses only HALF as much energy as the national average, but still pays $1,700 per year for electricity, the second-highest rate in the U.S.
Restrictions of electricity in California have contributed to frequent blackouts and the highest poverty rate in the United States.
Wherever electricity prices are high, American manufacturing recedes, high-tech innovation moves elsewhere, jobs are lost, and consumers suffer from higher inflation.
The best way to lower inflation and keep and grow jobs in America is to make sure that American industry always has the most affordable, most abundant, and most reliable energy in the world.
JOE BIDEN’S KAMIKAZEE CLIMATE REGULATIONS ARE DRIVING UP INFLATION AND SURRENDERING OUR ECONOMY TO CHINA:
Instead of building on President Trump’s historic energy success, Joe Biden has surrendered to Communist China and the crazed climate crusaders.
Biden has fulfilled his campaign promise to attack America’s oil, natural gas, and coal producers.
On his first day in office, Biden stopped all drilling leases in Alaska’s Artic National Wildlife Refuge (ANWR), one of America’s largest oil fields, and has refused to publish 5-year lease sale plans, as required by federal law.
On his first day in office, Biden signed Executive Order No. 13990, which tasked the federal government with measuring the “social cost of carbon” and impose a threshold which would cost as much as $561 billion in regulatory burdens according to a federal court.
On his first day in office, Joe Biden rejoined the horrendously unfair, pro-China Paris Climate Agreement.
After a federal judge blocked Biden’s efforts to end all oil and gas leases, Joe Biden increased the cost of oil and gas leases by 50% and reduced the available acreage for drilling by 80%.
In a shocking act of hypocrisy, Biden personally approved of Russia’s Nord Stream 2 Pipeline.
Biden’s EPA issued an ultimatum to counties in Texas and New Mexico to reduce oil and natural gas production through ozone restrictions in the Permian Basin, which accounts for 43 percent of U.S. oil production and almost 50 billion barrels of recoverable oil.
In June 2021, Biden promised foreign nations to reduce methane restrictions by 30% and saddled new rules and monitoring onto the oil and gas industry that will be passed on to consumers through higher prices.
Biden has even threatened fossil fuel producers with jail time for powering American cars and homes.
While Biden’s White House says that oil companies have a “patriotic duty” to produce more oil, it is gutting them at every turn.
From their all-time peak under President Trump of 19 million barrels per day (BPD), American oil refineries have fallen below 18 million barrels per day in 2022, their lowest level in eight years. More than 1 million BPD capacity has been lost in the last year under Biden.
Under Joe Biden, refiners are closing their doors, and more are expected to follow. 1.69 million BPD of capacity will be lost in 2023 alone.
Joe Biden’s war on energy has been a war on American consumers—with record high energy prices and skyrocketing inflation.
Fueled by Biden’s war on energy, consumer inflation hit a 41-year high in 2022.
Americans are paying an average of $2,500 more in energy costs under Biden.
Since Biden took office in January 2021 to July 2023, total energy costs have risen 39%, gasoline has risen 53%, home energy costs have risen 25%, electricity bills have risen 26%, and gas bills have risen 23%.
Under Biden, a gallon of gas hit a record $4 on average last year and is $3.80 at the beginning of September 2023, $1.41 a gallon (or 58%) higher under Biden than President Trump.
No matter how historically high energy prices have risen, Joe Biden has refused to take his administration’s boot off the necks of American energy companies.
To repair the energy disaster that he created, Joe Biden has begged dictators for more oil and recklessly drained our Country’s emergency energy stockpiles.
President Biden has depleted the Strategic Petroleum Reserve (SPR) by 291.24 million barrels of oil (45.6%) from the level achieved under President Trump. Today, the SPR has the lowest reserves in 40 years.
The winner of Joe Biden’s war on energy is Communist China.
For the first time in history, under Joe Biden, China is refining more oil than the U.S.
While the Strategic Petroleum Reserve is already dangerously low, Joe Biden sold MORE THAN A MILLION BARRELS from the SPR to CHINA.
Because China possesses near monopolies on the minerals needed to make EV batteries, Biden’s insane emissions mandates will make the American auto industry dependent on China.
Biden’s clean energy czar John Podesta confirmed that Chinese companies will be “big players” in the Biden energy agenda.
Joe Biden’s new electricity emission rules will send American companies overseas to China, where electricity costs are the cheapest in the world.
In May 2023, Joe Biden’s EPA issued new emission rules that will strangle American electricity production, while blackouts and soaring electricity prices plague Americans across the country.
The EPA proposal would require power plants to use untested technologies, like hydrogen blending and carbon capture and sequestration (CCS), to reduce greenhouse gas emissions.
The rule is part of Biden’s push to install as much as 60,000 miles of carbon capture pipeline into the American countryside by 2050.
The rule would expose 45 million people in 15 states living in the Midcontinent Independent System Operator (MISO) power grid to increased risks of blackouts and cost an estimated $246 billion by 2055.
This rule comes after electricity prices under Biden have already soared since he took office. Last summer, industrial electricity costs in the U.S. were almost twice as high as they were in China.
In April 2023, Joe Biden’s radical left EPA proposed new emissions regulations that are so strict it is physically impossible for gas-powered cars to meet them. As a result, the regulations would require EV sales to increase from 6% to 67% of all U.S. auto sales by 2032.
Biden’s new emissions regulations are projected to eliminate AT LEAST 117,000 auto manufacturing jobs throughout the U.S.
America’s heartland, which produces more than two-fifths of U.S.-built vehicles and three-fifths of U.S.-built transmissions will be hit the hardest, with Michigan projected to lose an estimated 25,000 jobs, Indiana losing 16,000 jobs, and Ohio losing 14,000 jobs.
Automotive manufacturing would seriously suffer in the South as well, with Tennessee losing 7,000 jobs, South Carolina losing 5,600 jobs, and Alabama losing 5,200 jobs.
Job losses as a result of Biden’s insane EV mandates have already begun with GM announcing the termination of 14,000 jobs and five assembly plants, Ford announcing the firing of 3,000 jobs in its shift to EVs, and Stellantis (owner of Chrysler) announcing the firing of 3,500 employees as it moves to EVs.
Because EVs cost an average of TWICE as much as gas-powered vehicles, take longer to fully charge, and have shorter ranges, almost two-thirds of Americans prefer their next car purchase to be a gas-powered vehicle, nearly halfof all car dealerships would never sell an EV, and about half of current EV owners plan to switch back to a gas-powered car.
Communist China, not the U.S., produce the EV batteries needed for Biden’s insane mandate.
The vast majority of nickel, cobalt and lithium used in EV batteries is mined outside the U.S.
In 2022, Joe Biden stripped mining licenses from the U.S. mineral industry in the Midwest, preventing the domestic production of minerals used to make EVs, forcing the U.S. to rely on China for MORE THAN HALF of its EV battery supply needs.
EV’s rely on America’s aging electrical grid that has experienced blackouts in the summer. Accommodating for mandated increases in EVs will cost the U.S. tens of billions of dollars in modifications to the electrical grid.
Joe Biden’s betrayal of auto manufacturing threatens not only the 1 million auto manufacturing workers nationwide, but the 10 million workers whose jobs rely on cars and car parts, including energy industries, dealerships, mechanics, and car part suppliers.
Joe Biden’s mandates for electric vehicles and his May 2023 electricity emission rules are on a collision course. Biden is forcing the production of EVs but restricting the ability for Americans to power them efficiently. The result will be higher energy costs for vehicles that Americans do not want but will be coerced to buy.
Joe Biden is working with ESG climate activists in corporate America to strongarm the oil and gas industries out of business.
In May 2021, Biden issued an Executive Order that required federal agencies to define “climate-related financial risk to the financial stability of the… U.S. financial system” which led the Securities and Exchange Commission (SEC) to require private companies to publicly disclose climate-related risks.
This ruling will force companies to share with investors their estimated impact on the environment, which will allow climate crusaders in investment firms to punish companies that do not conform to their radical environmental agenda.
The Biden administration has been completely complacent about nuclear power. There is no advocacy to support the advanced nuclear industry. The Biden administration has failed to champion a cheap reliable emissions free power source and instead has stood by and watched as the established nuclear industry dwindles and the advanced nuclear industry is blocked from a commercialization pathway.
Biden has filled the ranks of his administration with environmental zealots that have put ideology before the needs of American families for affordable, accessible, and reliable energy.
UNDER PRESIDENT TRUMP, THE UNITED STATES ACHIEVED ENERGY INDEPENDENCE, AND SOON WOULD HAVE GAINED ENERGY DOMINANCE, WITH LOW-COST ELECTRICITY AND ENERGY UNDER PRESIDENT TRUMP FUELING THE GREATEST ECONOMY IN HISTORY WITH NO INFLATION:
For the first time in history, President Trump achieved AMERICAN ENERGY INDEPENDENCE and would have soon gained ENERGY DOMINANCE.
During the Trump presidency, America’s low electricity and energy costs were the envy of the world.
America had the cheapest and most reliable electricity of any major industrial economy in the world, allowing American manufacturing to add six times more jobs in Trump’s first two years than in President Obama’s last two years.
Because electricity under President Trump was so much cheaper than in Germany and Japan, American workers were crushing German and Japanese workers in the competition for industry.
Under President Trump, electricity prices even kept pace with China. America was the only major industrial economy that could compete with China in the production of cheap and abundant electricity.
For the first time in nearly 70 years, President Trump made the United States a net energy exporter.
The United States was the number one producer of oil and natural gas in the world, producing over 12 million barrelsof oil a day in 2019.
Natural gas production reached a record-high of 34.9 quads in 2019, following record high production in 2018 and in 2017.
The United States was a net natural gas exporter for three consecutive years and had an export capacity of nearly 10 billion cubic feet per day.
Unlike Joe Biden, President Trump’s unleashing of American energy allowed the U.S. to stand up to dictators without any concern for their energy markets.
When President Trump left office, the Strategic Petroleum Reserve (SPR) containing more than 638 million barrels of oil.
President Trump withdrew from the unfair, one-sided Paris Climate Agreement.
President Trump canceled ridiculous Barack Obama’s Clean Power Plan and replaced it with the new Affordable Clean Energy rule.
President Trump issued the Presidential Permit for the A2A railroad between Canada and Alaska, providing energy resources to emerging markets.
President Trump fought against suffocating regulations to unleash America’s vast natural resources.
The Trump administration opened the Arctic National Wildlife Refuge (ANWR) in Alaska, one of the Nation’s largest oil fields, to oil and gas leasing.
President Trump repealed Obama’s Federal Coal Leasing Moratorium, which prohibits coal leasing on Federal lands.
President Trump overhauled permitting rules to eliminate unnecessary bureaucracy and speed approval for mines.
President Trump updated the New Source Review permitting program, which had punished companies for upgrading or repairing coal power plants.
President Trump’s Environmental Protection Agency (EPA) fixed its steam electric and coal ash rules.
President Trump signed legislation repealing the harmful Stream Protection Rule.
The Trump administration reduced the time to approve drilling permits on public lands by half, increasing permit applications to drill on public lands by 300 percent.
Under President Trump, American families paid less on their energy bill.
The average American family saved $2,500 a year in lower electric bills and lower prices at the gas pump.
The Trump administration streamlined energy efficiency regulations for American families and businesses, including preserving affordable lightbulbs, enhancing the utility of showerheads, and enabling greater time savings with dishwashers.
Under President Trump, gas prices hit a record low of $1.87 and average gas prices were under $3 every year during the Trump administration. Gas prices were $2.39 when President Trump left office.
President Trump’s energy revolution put the U.S. among the top three Liquefied natural gas (LNG) exporters in the world.
The Trump administration streamlined Liquefied natural gas (LNG) terminal permitting and allowed long-term LNG export authorizations to be extended through 2050.
President Trump granted more than 20 new long-term approvals for LNG exports to non-free trade agreement countries.
LNG exports increased five-fold since January 2017, reaching an all-time high in January 2020.
LNG exports reduced the American trade deficit by over $10 billion.
The development of natural gas and LNG infrastructure in the United States provided tens of thousands of jobs and has led to the investment of tens of billions of dollars in infrastructure.
In 2019, under President Trump’s leadership, U.S. nuclear energy production was the highest on record.
President Trump helped finance the construction of Units 3 and 4 at Plant Vogtle in Georgia, the first new nuclear reactors to begin construction in the United States in more than 30 years, which will create 800 permanent jobs, provide electricity to 1.6 million American homes, and avoid 10 million metric tons of carbon dioxide emissions annually.
President Trump’s Department of Energy supported the siting of a 12-module small modular reactor, the first of its kind in the U.S., at Idaho National Laboratory.
President Trump established the National Reactor Innovation Center, which allows private sector innovators to test their nuclear reactors concepts to assess their safety and effectiveness.
President Trump’s Department of Energy worked with the Department of Defense to build microreactors for use by the U.S. military.
President Trump stood up to Putin and Russian energy coercion across Europe through various lines of effort, including the Partnership for Transatlantic Energy Cooperation, civil nuclear deals with Romania and Poland, and opposition to Nord Stream 2 pipeline.
Under President Trump, without sacrificing any economic gains, American energy became cleaner than ever before.
The United States led the world in greenhouse gas emissions reductions, having cut energy-related CO2 emissions by 12 percent from 2005 to 2018 while the rest of the world increased emissions by 24 percent.
President Trump cut red tape holding back the construction of new energy infrastructure.
President Trump authorized ethanol producers to sell E15 year-round and allowed higher-ethanol gasoline to be distributed from existing pumps at filling stations.
President Trump ensured greater transparency and certainty in the Renewable Fuel Standard (RFS) program.
President Trump signed an Executive Order directing Federal agencies to work together to diminish the capability of foreign adversaries to target our critical electric infrastructure.
The Trump administration clarified Section 401 of the Clean Water Act so that it could only be used to ensure water quality, not push radical climate agendas.
If America is going to dominate the world in manufacturing once again as it did when I was running things — you remember when they used to say you can’t have manufacturing jobs in our country anymore. I said really? Why? And we created hundreds of thousands of them — we must be the most affordable energy and electricity place anywhere on the planet.
We have to have affordable energy. Right now we have energy that’s weak, substandard, and unaffordable. It’s made by the wind. The windmills rust. They rot. They kill the birds. It’s the most expensive energy there is. And we have other things that are also no good. It’s called the Green New Deal — I call it the Green New Hoax.
One of the reasons manufacturing jobs were flooding back into the United States when I was president, was that we dramatically reduced energy costs. Sadly, Crooked Joe Biden sacrificed his tremendous economic advantage on the altar of the Green New Deal. Perhaps because he was bribed by Communist China or because Communist China knows all of the money that they’ve paid him. We have a Manchurian Candidate. That’s what he is. He’s a Manchurian Candidate. They know everything about him. And he’ scared stiff. He won’t do a thing. I take in hundreds of billions of dollars from China. And Joe Biden’s afraid to even talk to them.
Biden’s War on American Energy has sent prices soaring and his latest actions will make it catastrophically worse. It’s going to be bad at a level that we’ve never seen. This will be so bad. Under Biden’s newly proposed power plant regulations, most natural gas and coal plants will be forced to shut down. By the way, they tried that in Germany, and now they’re going back and building coal plants all over the place. Because they’ve destroyed Germany. They have no energy. So Germany now is building a coal plant every two weeks. And China is building a coal plant every week. Every single week they’re putting up a new coal plant. And we’re playing games with the wind.
This is terrible what’s happening to our country. There is nothing to replace our energy at
this time, not even close. It’s very expensive. And it’s very weak. It doesn’t have the power to power up those big plants that you see.
At the same time as Biden is shutting down existing power plants, he also wants to force hundreds of millions of Americans into ultra-expensive electric vehicles. It costs twice as much as what you have. And what you have is better and it goes a lot longer. And it’s a lot easier to fill up. And we have liquid gold under our feet at a level that no other country has. But they’ll strain the grid to the breaking point — it already is at a breaking point. If you look at California, it’s got brownouts and blackouts every single day. People can’t turn on their air conditioners — and it’ll drive electricity prices into the stratosphere.
If Biden’s policies go forward, our electricity costs will be the highest on Earth — they’re already very close — with shortages, blackouts, and crippling inflation. U.S. manufacturing will be dead, absolutely dead, and China will be laughing all the way to the bank. They will end up controlling the world.
My plan is the exact opposite. As President, I will set a national goal of ensuring that America has the number one lowest cost of energy of any industrial country anywhere on Earth. I want to be number one.
We were energy independent just three years ago. And now we’re begging Venezuela for their oil. And yet we have many times more than any other country. There is no country — Saudi Arabia, Russia, nobody — no country has what we have. We will develop the liquid gold that is right under our feet, including American oil and natural gas and we will also embrace nuclear, clean coal, hydropower, which is fantastic, and every other form of affordable energy to get it done.
We will not only match China, we will be cheaper than China by a lot. And more energy will mean lower inflation that will mean more jobs.
I will cancel Biden’s ruinous power plant rule, terminate his electric vehicle mandate — if you want to buy an electric car, that’s fine, but you’re going to be able to buy every other form of car also — and unleash domestic energy production like never before. But just think of it: energy independence three years ago. Energy dominance was going to follow very shortly. We were going to pay off our debt. We were going to lower taxes for everybody. And they ended that, immediately ended it. First day they ended it.
I will fully modernize the electric grid to prepare it for the next 100 years, implement rapid
approvals for energy projects, and green light the construction of hundreds and hundreds and hundreds of brand new beautiful power plants that actually work. This will pave the way for an enormous growth in American wealth.
In the future, every manufacturing plant, every data center, every semiconductor facility and assembly line will want to be built in America. They’re all going to want to be in America. Because we’re going to have the lowest cost of energy. It’s a big factor. This will be the place where the cost of energy is lower than anyplace else on Earth, where the economy is stronger than anyplace else on Earth, and where the workers are the best, brightest and most talented anywhere in the world.
I want to thank you very much. We cannot let this man who is diminished mentally and physically, but much worse mentally. We cannot let him tell us what to do with our country. He has no clue. He can’t put two sentences together.
We have to make America great again. And we can’t do it with a man who’s severely diminished.
Thank you very much.