Reversing decades of US policy, the Trump administration says conserving oil is no longer an economic imperative.

August 20, 2018by AJ Neves0

WASHINGTON (AP) — Conserving oil is no longer an economic imperative for the US, the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs.

The position was outlined in a memo released last month in support of the administration’s proposal to relax fuel mileage standards. The government released the memo online this month without fanfare.

Growth of natural gas and other alternatives to petroleum has reduced the need for imported oil, which “in turn affects the need of the nation to conserve energy,” the Energy Department said.

It also cites the now decade-old fracking revolution that has unlocked US shale oil reserves, giving “the United States more flexibility than in the past to use our oil resources with less concern.”

Link to full article below:

https://www.businessinsider.com/ap-us-says-conserving-oil-is-no-longer-an-economic-imperative-2018-8

AJ Neves


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