The Crude Logic of Trump's America | Opinion
Summary
President Donald Trump's policies often focus on supporting the oil industry, both at home and abroad. His administration has rolled back environmental protections, given favors to oil-rich countries, and pursued actions related to countries with large oil reserves like Venezuela and Iran.Key Facts
- The Trump administration rolled back mileage standards for cars and trucks, a move linked to supporting oil companies.
- Oil companies gave President Trump about $220 million before he took office.
- Trump appointed many former oil industry workers to key government positions.
- He canceled tax credits and grants for renewable energy and spent over $1.6 billion to stop wind power projects.
- Trump received a $400 million plane from Qatar after giving the country a security guarantee and a military base.
- After Trump’s business investment in Saudi Arabia, he helped the country develop nuclear power and approved a deal to sell them advanced fighter jets.
- Trump’s brother received $500 million from the UAE to support Trump’s crypto venture, and Trump later approved technology sales to the UAE.
- The U.S. has collected over $13 billion from Venezuelan oil sales related to U.S. efforts against Nicolás Maduro, but little money has returned to Venezuela.
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