China spent the past 40 years building an industrial powerhouse, fueled by coal while American politicians, Europe, and California focused on decarbonizing and green washing. Such efforts enabled the purchase of Chinese wind turbines, solar panels, and batteries, made from cheap coal, further subsidized power, and forced labor.

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“The U.S. is producing 13.6 million barrels per day, more than any nation on earth, ever. The importance of this production to the economy as well as energy security and national security is profound,” Trisha Curtis, a macroeconomist with expertise in U.S. shale markets and an economist for the American Energy Institute, told the DCNF. “The U.S. is now not only the largest oil and natural gas producer in the world, but it is the largest crude and product exporter in the world, enabling greater U.S. and global energy security. The next two largest producers in the world, Russia and Saudi Arabia, are both producing around 10 million barrels per day by comparison.”

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“China hosts one-third of the world’s power generation,” said Trisha Curtis, the chief executive of the energy consultancy PetroNerds. “When it comes to power generation, they’ve got us beat. That’s a big problem.”

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The Trump administration is trying to curb unfair and abusive Chinese trade practices; practices exacerbated since Beijing’s accession into the World Trade Organisation in 2001. A response to the tariffs imposed by Donald Trump, President of the United States (US) has been the restriction of rare earth mineral exports to the US.

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Amid tariffs and the anticipation of dramatic shifts in trading between the U.S. and China, it is important to appreciate the role of energy in strategic competition. Energy is fundamental to China’s manufacturing prowess and overcapacity.

Debate among analysts and pundits about tariffs is rife, but the fact that the U.S. receives cheap products from China is not debatable. The rest of the world worries that if the U.S. does not take all these products, from solar panels to dolls, then it will receive them.

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“Drill, baby, drill” and “frack, frack, frack” were campaign slogans from decades past. They are back in the White House and within the Trump administration, and that is great news for Americans.

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President Trump’s focus on energy has the potential to be the greatest legacy he can leave for the American people. The policies of Trump and the appointment of Chris Wright as secretary of Energy has put the United States in a decisive pro-energy position, focusing efforts on harnessing U.S. energy production and leveraging it into economic strength.

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Colorado’s electricity sector is on the brink of rapid transformation. Driven by policy and propelled by new technologies and innovations, a large expansion to electricity generation is set to significantly reshape how much electricity Coloradans use, where their power comes from and, ultimately, how much they pay.

A recent report from the Colorado Energy Office (CEO), titled Pathways to Deep Decarbonization in Colorado’s Electric Sector by 2040 (referred to as the Pathways Report), estimates that achieving the state’s emission reduction goals will cost $108 billion through 2050. This figure reflects the investment required to more than triple Colorado’s electric generation and storage capacity—from 21,816 megawatts to 67,256 megawatts. Meeting these capacity goals will require adding 55,068 megawatts of new generation capacity (45% in storage and 41% in wind and solar) and retiring 8,669 megawatts of existing capacity (49% in natural gas and 48% in coal). The Pathways Report also explores six alternative scenarios aimed at achieving 100% carbon emission reduction. These scenarios carry additional costs, ranging from 20% to 42% above the baseline estimates, varying based upon the type of electricity resources being prioritized. Importantly, the report’s cost estimates do not include those of additional investments needed to expand transmission and distribution infrastructure.

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A New York Democratic bill aimed at charging oil and gas companies for pollution could result in regressive costs for working families in the state, energy and economic experts tell Fox News Digital.

New York Gov. Kathy Hochul recently signed the Climate Change Superfund Act, a bill that seeks to charge polluters up to $75 billion for pollution dating from 2000 to 2018.

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