Another day, another outrage from the White House. This time around, President Trump took to the Department of Energy to congratulate himself on a return to U.S. "energy dominance" and an end to Obama-era energy rules. Among other things, this means that coal and nuclear energy are in while renewable energy, based on the scant mentions he has made to it since coming to power, is out.
President Trump's obsession with coal is especially mystifying since the world is moving away from the polluting fuel en masse. Even Southern Co. shuttered its only clean coal experiment earlier this week in Mississippi.
But President Trump's rhetoric on coal is having an effect elsewhere. This past week, Energy secretary Rick Perry led a delegation to India and touted U.S. clean coal technology there. The U.S. already has skin in the game in developing India's renewable energy sector. This could be the start of a lucrative relationship with the country, which is expected to become the world's third-biggest energy consumer in a couple of years.
Couple this news with rapidly increasing oil exports and declining natural gas prices and President Trump may not be so off-base after all about U.S. energy dominance in the coming years.