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Senate votes to send 2 million US jobs to China, increase deficit, energy costs
Trump’s plan to replace clean energy with fossil fuels has some major problems
The budget bill sabotages one of the biggest growth sectors of the US economy.
Energy Secretary Chris Wright makes his pitch in the NY Post
And via the NY Times
The race is on to define the future of energy. Even as the dangers of global warming hang ominously over the planet, two of the most powerful countries in the world, the United States and China, are pursuing energy strategies defined mainly by economic and national security concerns, as opposed to the climate crisis. Entire industries are at stake, along with the economic and geopolitical alliances that shape the modern world.
The Trump administration wants to keep the world hooked on fossil fuels like oil and gas, which have powered cars and factories, warmed homes and fueled empires for more than a century. The United States is the world’s largest producer of oil and the largest exporter of natural gas, offering the potential for what Mr. Trump has called an era of American “energy dominance” that eliminates dependence on foreign countries, particularly rival powers like China.
China is racing in an altogether different direction. It’s banking on a world that runs on cheap electricity from the sun and wind, and that relies on China for affordable, high-tech solar panels and turbines. China, unlike the United States, doesn’t have much easily accessible oil or gas of its own relative to its huge population. So it is eager to eliminate dependence on imported fossil fuels and instead power more of its economy (Ed: and the world's economy) with renewables...
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