Trump wants lower gas prices and high tariffs, will hurt Texas economy
Then-Republican presidential nominee Donald Trump speaks at a campaign town hall at the Greater Philadelphia Expo Center & Fairgrounds, Oct. 14, 2024, in Oaks, Pa., as moderator South Dakota Gov. Kristi Noem listens.
Pump jacks can be seen all around Andrews, Texas. According to the town's business leadership, Andrews' main revenue generator is oil and oil field services. Waste Control Specialists (WCS) near Andrews, Texas provides services to store low-level nuclear waste and is in the process of applying for a license to be an interim storage facility for high-level radioactive waste. Opposition has mostly stemmed from activists outside the area but some residents are also voicing concerns about their city becoming the nation's dump site for potentially hazardous nuclear material. The Governmental Nuclear Regulatory Commission (NRC) has held hearings regarding the potential environmental impact of permitting WCS in far West Texas and activists along with proponents have been vocal in those hearings. (Kin Man Hui/San Antonio Express-News)
A drilling rig is erected next to an abandoned home Wednesday, July 6, 2022, near Pecos.
Pump jacks working on the Permian Basin near Odessa on Thursday, April 27, 2023.
US President Donald Trump listens as Energy Secretary Rick Perry speaks about the administration's environmental policies at the White House in Washington, DC on July 8, 2019. (Photo by NICHOLAS KAMM / AFP)NICHOLAS KAMM/AFP/Getty Images
Geopolitics determine the price of gasoline, and President Donald Trump’s policies will hurt Texas’ economy as oil prices drop and international tariffs pinch.
Trump promised lower energy prices, and he’s using the White House to bring them down, even if it hurts American oil and gas companies. OPEC, Russia and its allies have agreed to add more........© Houston Chronicle
