Coral Davenport

Well, there is one policy lever that the executive branch has that really is seen as effective in lowering prices, and that is aggressively reducing consumption. But the policies that reduce oil consumption are... switching to EVs and, you know, switching to energy-efficient appliances. Like, the less demand there is, the more supply there is, the lower prices.

Well, there is one policy lever that the executive branch has that really is seen as effective in lowering prices, and that is aggressively reducing consumption. But the policies that reduce oil consumption are... switching to EVs and, you know, switching to energy-efficient appliances. Like, the less demand there is, the more supply there is, the lower prices.

But that is the exact opposite of what he is doing. And so getting back to these day one orders, it's not just about, like, putting the brakes on EVs. Like, they specifically mention rolling back appliance efficiency standards for things like washers and dryers and gas stoves and light bulbs. Like, all... these measures that were actually put in place in the 70s so that the U.S.

But that is the exact opposite of what he is doing. And so getting back to these day one orders, it's not just about, like, putting the brakes on EVs. Like, they specifically mention rolling back appliance efficiency standards for things like washers and dryers and gas stoves and light bulbs. Like, all... these measures that were actually put in place in the 70s so that the U.S.

would consume less fossil fuel and be less reliant on fossil fuel and prices would go down.

would consume less fossil fuel and be less reliant on fossil fuel and prices would go down.

Exactly.

Exactly.

Well, there's two pieces to that. If the question is kind of what's at stake, you know, what all of these policies are about fundamentally is how much fossil fuel emissions will be produced by the world's largest economy. That's really important because scientists have told us that the world's major economies have until 2030 declined.

Well, there's two pieces to that. If the question is kind of what's at stake, you know, what all of these policies are about fundamentally is how much fossil fuel emissions will be produced by the world's largest economy. That's really important because scientists have told us that the world's major economies have until 2030 declined.

to cut emissions in half from 2005 levels in order to avoid the most catastrophic impacts of climate change in our lifetime. If some of these policies are rolled back, it will slow down the U.S. enough such that there's no way it will hit that target and essentially will bake in these catastrophic climate impacts.

to cut emissions in half from 2005 levels in order to avoid the most catastrophic impacts of climate change in our lifetime. If some of these policies are rolled back, it will slow down the U.S. enough such that there's no way it will hit that target and essentially will bake in these catastrophic climate impacts.

Absolutely. I mean, we're facing essentially a five-year window and we're facing a four-year term in which we will see this clean energy transition substantially slowed within the United States. And there is one other piece of this. Sabrina, which is that this is happening around the world. We see these investments in EVs, in wind, in solar.

Absolutely. I mean, we're facing essentially a five-year window and we're facing a four-year term in which we will see this clean energy transition substantially slowed within the United States. And there is one other piece of this. Sabrina, which is that this is happening around the world. We see these investments in EVs, in wind, in solar.

We see major corporations and industries around the world in a global race to be the ones to own these technologies, to license them, to profit from them. And if the U.S. is basically... going in the opposite direction, you know, that does reduce U.S. competitiveness. It takes the United States economy instead of racing forward, it's looking backwards.

We see major corporations and industries around the world in a global race to be the ones to own these technologies, to license them, to profit from them. And if the U.S. is basically... going in the opposite direction, you know, that does reduce U.S. competitiveness. It takes the United States economy instead of racing forward, it's looking backwards.

I think Trump's vision, particularly on energy, is very proudly rooted in the middle of the 20th century. It is a vision that is built on oil, that is built around the combustion engine, as the rest of the world is trying to kind of race to achieve these competitive 21st century goals.

I think Trump's vision, particularly on energy, is very proudly rooted in the middle of the 20th century. It is a vision that is built on oil, that is built around the combustion engine, as the rest of the world is trying to kind of race to achieve these competitive 21st century goals.

And I think Trump would proudly own that, which I think really illustrates that so much of this is not about economics. It's not about fundamentals. It's about his individual vision and ideology and perspective and where he comes from and what shapes him and how that is coming out in these profoundly important policies. Coral, thank you. Thank you so much, Sabrina.

And I think Trump would proudly own that, which I think really illustrates that so much of this is not about economics. It's not about fundamentals. It's about his individual vision and ideology and perspective and where he comes from and what shapes him and how that is coming out in these profoundly important policies. Coral, thank you. Thank you so much, Sabrina.