AP FACT CHECK: The energy boom didn’t start with Trump
By CALVIN WOODWARDDecember 19, 2017
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A look at some of Trump’s statements in a national security speech:
TRUMP: “They put American energy under lock and key.”
THE FACTS: On the contrary, energy production was unleashed during Obama’s presidency, largely because of advances in hydraulic fracturing that made it economical to tap vast reserves of natural gas. Oil production also greatly increased, reducing imports. Before the presidential election last year, the U.S. for the first time in decades was getting more energy domestically than it imports. The government estimated this year that the U.S. could switch from being a net importer of energy to being a net exporter as early as 2019, depending on what happens to oil prices, energy resources and economic growth.
Trump, a Republican, has rolled back some obstacles for the coal industry, which indeed complained of overregulation by Obama, a Democrat. But coal’s decline in recent years was driven mainly by competition from cheap natural gas.
Despite his rhetoric about U.S. energy production, one of Trump’s most consequential actions as president has been to open the U.S. to another source of foreign oil, with his approval of the Keystone XL pipeline from Canada.
Obama’s two-term predecessor, Republican George W. Bush, was no adversary of the energy industry. Neither president put energy “under lock and key.”
With gasoline prices plummeting, President Donald Trump gave himself a third-person pat on the back via Twitter: “thank you President T.”
Energy experts say the decline in prices is largely motivated by market forces outside the president’s control. But experts attribute at least part of the recent drop to the Trump administration’s decision to soften hard-line sanctions against Iran — allowing waivers for eight countries to buy oil from Iran.
Blaming or crediting a president for rising or falling gasoline prices is a regular, bipartisan political ploy. In May, we wrote that Democratic Sen. Chuck Schumer placed too much blame on Trump for rising gasoline prices at the time. President Barack Obama also found himself a frequent target of partisan attacks for rising gas prices.