Coral Davenport

That's about the average that it's been for the last 20 years adjusted for inflation. Price of gasoline is near a three-year low. So supplies are abundant. Prices are moderate. I cannot find anyone who can sort of understand what the fundamentals are for making this argument.

That's about the average that it's been for the last 20 years adjusted for inflation. Price of gasoline is near a three-year low. So supplies are abundant. Prices are moderate. I cannot find anyone who can sort of understand what the fundamentals are for making this argument.

So he's casting a really broad net here, but at the 30,000-foot level, I think it comes down to three basic categories. One is pushing for more oil production. Two is limiting EVs, kind of stopping the use of electric vehicles and the support for electric vehicles, and limiting renewable energy, but particularly limiting wind power.

So he's casting a really broad net here, but at the 30,000-foot level, I think it comes down to three basic categories. One is pushing for more oil production. Two is limiting EVs, kind of stopping the use of electric vehicles and the support for electric vehicles, and limiting renewable energy, but particularly limiting wind power.

So, yeah, Trump loves to talk about unleashing American oil. But how does one unleash American oil, particularly since we are in the largest oil boom of any country at any time in history? How do you unleash even more than that? So this is what he says he wants to do. He wants to open up more federal lands to drilling.

So, yeah, Trump loves to talk about unleashing American oil. But how does one unleash American oil, particularly since we are in the largest oil boom of any country at any time in history? How do you unleash even more than that? So this is what he says he wants to do. He wants to open up more federal lands to drilling.

And then he also wants to basically eliminate or speed up all the rules and permitting and regulations that oil companies have to comply with in order to get access to this land, both to drill and also, by the way, to move oil, the pipelines, the ports, the terminals, all of that. We're going to make that really easy for you. Check a box and get right at it.

And then he also wants to basically eliminate or speed up all the rules and permitting and regulations that oil companies have to comply with in order to get access to this land, both to drill and also, by the way, to move oil, the pipelines, the ports, the terminals, all of that. We're going to make that really easy for you. Check a box and get right at it.

Trump talks about how, you know, if the price of oil goes down, if the price of gasoline goes down, you know, the pitches like this makes life easier for everyday Americans. And, you know, Trump's nominee for treasury secretary said during his confirmation hearing that a core part of his plan is lowering inflation and says that lowering gas prices is a central part of that effort.

Trump talks about how, you know, if the price of oil goes down, if the price of gasoline goes down, you know, the pitches like this makes life easier for everyday Americans. And, you know, Trump's nominee for treasury secretary said during his confirmation hearing that a core part of his plan is lowering inflation and says that lowering gas prices is a central part of that effort.

Sure. And this is a huge piece of Trump's plan, just in the same way that it was a huge part of Biden's legacy. Burning gasoline and oil from vehicles are the number one contributor to climate change. And of course, vehicles are the main consumer of oil. Right.

Sure. And this is a huge piece of Trump's plan, just in the same way that it was a huge part of Biden's legacy. Burning gasoline and oil from vehicles are the number one contributor to climate change. And of course, vehicles are the main consumer of oil. Right.

So in these day one executive orders, Trump is focused on two of the biggest policies that Biden rolled out to advance electric vehicle adaptation in the U.S. The first is a giant law that was passed in 2022, the Inflation Reduction Act. That included billions of dollars of tax credits and tax incentives for EVs. This is consumer tax credit.

So in these day one executive orders, Trump is focused on two of the biggest policies that Biden rolled out to advance electric vehicle adaptation in the U.S. The first is a giant law that was passed in 2022, the Inflation Reduction Act. That included billions of dollars of tax credits and tax incentives for EVs. This is consumer tax credit.

So individual purchasers of EVs could get $7,500 tax credits. Meaning people buying cars. People buying cars. If you want to buy an electric vehicle, you can get up to $7,500 written off on your taxes, courtesy of Biden's law. It also guided billions of dollars directly to automakers so they can get a lot of tax credits for building and selling cleaner cars.

So individual purchasers of EVs could get $7,500 tax credits. Meaning people buying cars. People buying cars. If you want to buy an electric vehicle, you can get up to $7,500 written off on your taxes, courtesy of Biden's law. It also guided billions of dollars directly to automakers so they can get a lot of tax credits for building and selling cleaner cars.

And then on the other end, he put in place this regulation on the car companies that compels them to... Lower the fossil fuel emissions associated with their auto sales such that by 2032, more than half the new cars sold in the United States would pretty much have to be all EVs. Right now, about 10 percent of new cars sold in the United States are electric vehicles.

And then on the other end, he put in place this regulation on the car companies that compels them to... Lower the fossil fuel emissions associated with their auto sales such that by 2032, more than half the new cars sold in the United States would pretty much have to be all EVs. Right now, about 10 percent of new cars sold in the United States are electric vehicles.

This would get us to over 50 percent. Wow. And Trump hated this. He went after it so hard. And there were a couple of reasons for this. One, he went after it because the oil producers, the oil companies hated it because it's really taking away a gigantic market for their product.

This would get us to over 50 percent. Wow. And Trump hated this. He went after it so hard. And there were a couple of reasons for this. One, he went after it because the oil producers, the oil companies hated it because it's really taking away a gigantic market for their product.