Publications: Notes at the Margin

Implications of Kleptocratic US Energy Policy; Economic Recession Signals (August 19, 2019)


The United States has become a kleptocracy under Donald Trump. Our focus is not, though, on the self-dealing deeds or actions of the president or his family. Instead, it is on the energy policy actions taken by the government to serve the interests of Trump supporters. We note four specific instances. As explained below, these may have significant long-term impacts on the global energy system as well as the world’s largest energy companies. The Trump administration’s kleptocratic policies also create uncertainties for the broader economy. It should not surprise anyone, then, that markets are warning of a downturn.


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