The Pie: An Economics Podcast
The Future of U.S. Energy Policy Under Trump
Mar 4, 2025
In this conversation, Ryan Kellogg, the Ralph and Mary Otis Isham Professor at the Harris School of Public Policy and an expert in energy policy, dives into the implications of Trump's declared "national energy emergency." He discusses the potential impact of tariffs on Canadian oil and the future of fuel efficiency standards. Kellogg explores how these actions might influence gas prices, renewable energy adoption, and the U.S. transition to electric vehicles, all while reflecting on the significance of recent tax credits in shaping the energy landscape.
30:53
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Quick takeaways
- The ongoing debate over tax credits is crucial in determining the future trajectory of energy consumption towards renewable or fossil fuels.
- The U.S.'s position as a leading crude oil producer reflects the influence of state-level policies and technological advancements in the shale industry.
Deep dives
Impact of Tax Credits on Energy Policy
The ongoing debate around tax credits is pivotal to shaping energy policy and its implications for climate emissions in the U.S. This year will see a significant resolution regarding these credits, which could greatly influence energy consumption and production trajectories. Experts discussed how these credits, essential for incentivizing renewable energy growth, could either remain intact or face elimination, depending on legislative outcomes. The resolution of this debate will be crucial in determining whether the momentum towards greener energy or fossil fuel reliance will be accelerated or curtailed.
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