Written by Ashton Snyder on
 August 8, 2024

Trump Pledges U.S. Energy Surge: 'Liquid Gold' Abundance

According to Daily Wire, Former President Donald Trump has unveiled plans to revolutionize America's energy production and safeguard the U.S. auto industry if he secures the presidency in the next election.

Trump made these declarations during a pre-recorded interview that aired on Fox News' "Sunday Morning Futures," hosted by Maria Bartiromo.

Trump's Vision for U.S. Energy Dominance

During the interview, Trump emphasized his commitment to boosting America's energy resources. He claimed that the U.S. holds more energy reserves than major producers such as Saudi Arabia and Russia. By tapping into these reserves, Trump aims to position the U.S. as a global energy leader.

"We’re going to get energy way down. Drill, baby, drill," Trump remarked, highlighting his strategy. He described the country’s energy resources as ‘liquid gold’ and stressed the potential to generate substantial revenue by exporting energy worldwide. Trump assured that this would lead to energy independence and lower domestic energy prices.

"We have more energy — we have more liquid gold, as I call it, under our feet than Saudi Arabia, than Russia, than anybody,” he continued. “We’re going to be energy-dominant, we’re going to make a fortune, we’re going to supply it all over Europe, all over the world. We’re going to be double and triple what they’re doing.”

Explaining the New England Energy Crisis

Trump critiqued the current energy policies affecting New England, blaming the high energy prices on the lack of pipeline infrastructure. He argued that New York’s restrictions prevent essential pipelines from being built, significantly affecting energy costs for consumers in that region.

"Do you know people in New England — they pay some of the highest prices in the world because we don’t have a pipeline, because New York won’t let a pipeline go through a very poor section of New York," Trump noted.

Protecting the U.S. Auto Industry with Tariffs

The former president also laid out plans to impose tariffs aimed at protecting the American auto industry. He expressed concern over the future of U.S. car manufacturing, warning that the industry could collapse within two years if Vice President Kamala Harris were elected.

Trump claimed that foreign nations, such as China, are heavily investing in new auto plants, which could overshadow American car production. He pointed out that auto manufacturing in the U.S. has dramatically declined, with significant portions being relocated to other countries.

"Those people in Michigan that love me and that I love, and they’re going to give us a victory because their auto industry won’t exist in two years if she [Harris] gets elected — China is going to make, and other countries are going to make, all the cars. They’re building some of the biggest auto plants,” he said.

Tariffs to Counteract International Competition

Trump highlighted statistics to underline the downturn in U.S. auto manufacturing. He noted that auto production is down 64% from its peak. Mexico, he said, has captured a significant share of U.S. manufacturing — around 32%. To address this, Trump suggested reintroducing tariffs to curb car imports from Mexico and other countries.

"By the way, when you add it all up, including the taxes and everything else, we’re going to create jobs like you’ve never created before. If you look at auto manufacturing, it’s down 64% from its high number of jobs and everything else. But we used to be the world manufacturer, and every year it gets eaten away, and a big factor is Mexico,” he detailed.

Conclusion

Former President Donald Trump vowed to enhance the U.S. economy by ramping up energy production and imposing tariffs to protect the auto industry if he wins the upcoming presidential election. These commitments were shared during his interview on Fox News' "Sunday Morning Futures." Trump emphasized the nation's abundant energy resources and the potential economic benefits of energy dominance. Additionally, he underscored the need for tariffs to revive U.S. auto manufacturing and counteract international competition, particularly from China and Mexico.

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