Donald Trump on Energy & Oil

2016 Republican nominee for President; 2000 Reform Primary Challenger for President


Green energy is just an expensive feel-good for tree-huggers

There has been a big push to develop alternative forms of energy--so-called green energy--from renewable sources. That's a big mistake. To begin with, the whole push for renewable energy is being driven by the wrong motivation, the mistaken belief that global climate change is being caused by carbon emissions. If you don't buy that--and I don't--then what we have is really just an expensive way of making the tree-huggers feel good about themselves.

The most popular source of green energy is solar as several decades after installing solar panels to get your money back. That's not exactly what I would call a good investment. Even if that number is only half right, what kind of investment do you want to make that takes 20 years before you break even

Source: Crippled America, by Donald Trump, p. 65 , Nov 3, 2015

We have 2 trillion barrels of oil; enough for 283 years

Among all the gifts that God gave to America was an abundant supply of natural energy. According to the Department of Energy, the natural gas reserves we have in the ground could supply our energy needs for centuries.

Researchers at Rice University in Houston, Texas, have estimated we might have two trillion barrels of recoverable oil, enough to last the next 285 years. Technology has changed so much in the last few years that a Goldman-Sachs study has estimated that by 2017 or 2019, we could overtake both Saudi Arabia and Russia to become the world's largest oil producer.

The oil is there for the taking; we just have to take it.

I've never understood why, with all of our own reserves, we've allowed this country to be held hostage by OPEC, the cartel of oil- producing countries, some of which are hostile to America.

Source: Crippled America, by Donald Trump, p. 63 , Nov 3, 2015

Offered to oversee response to 2010 Gulf of Mexico oil spill

When Trump spoke about Obama, he sounded personally irritated, which may have been because the White House had ignored his offer to lead the federal response to the 2010 Gulf of Mexico oil spill because the admiral in charge "doesn't know what he's doing." Unfortunately Obama's former senior adviser David Axelrod had revealed this exchange, and Trump's offer to build a ballroom at the White House, after Donald stopped speaking to me, which made it impossible to follow up on it with him.
Source: Politico.com article with Trump's "Never Enough" biographer , Sep 25, 2015

Wind energy projects are industrial monstrosities

As earthmoving machines broke the land to create the first of Trump's two planned golf courses, the housing market in Scotland and the rest of Europe remained weak.

Trump continued to complain about the wind-energy project planned for the waters just offshore. The British government was committed to the idea, and Scottish first minister Salmond had worked hard to get the European Union's approval for a wind- energy test field in the North Sea waters. Trump said that Salmond had assured him the windmills would not be built. He insisted that he was fighting not just for himself, but for the country, because windmills were a bad technology. "We have to save Scotland," he declared. "You cannot allow these industrial monstrosities sustained with government subsidy."

Source: Never Enough, by Michael D`Antonio, p.318 , Sep 22, 2015

Windmills are destroying shorelines all over the world

In March 2012, Trump said, "Right now, green energy is way behind the times. You look at the windmills that are destroying shorelines all over the world. Economically, they're not good. It's a very, very poor form of energy."

Trump's opinion of windpower stems from an unsuccessful legal battle he has fought against an off-shore windpower project near one of his golf resorts in Scotland. Just last month, Scottish courts found that Trump had no grounds for accusing Scottish ministers of illegally agreeing to license the 100MW experimental wind farm.

Source: 2015 SolarTribune.com on 2016 presidential hopefuls , Aug 10, 2015

Solar hasn't caught on because it has a 32-year payback

In March 2012, Trump said, "Solar hasn't caught on because it's a 32-year payback. Who wants a 32-year payback? The fact is, the technology is not there yet. Wind farms are hurting the country."

Trump has simply dismissed solar as an "unproven technology" despite solar's decades of rock-solid reliability. His 32 year payback assessment, even in 2012, did not take into account any of the tax incentives or rebates available to most Americans. One can only assume that his criticisms of the government tax breaks for solar are strictly political in motivation, since his real estate empire is built on the hundred of millions of dollars of taxpayer subsidies his projects receive.

Source: 2015 SolarTribune.com on 2016 presidential hopefuls , Aug 10, 2015

Maybe some climate change is manmade, but not all

Q: the overwhelming majority of scientists say climate change is real and it's manmade.

A: Well, there could be some manmade, too. I mean, I'm not saying there's zero, but not nearly to the extent [others say]. When Obama gets up and said it's the number one problem of our country--and, if it is, why is it that we have to do our and clean up our factories now, and China doesn't have to do it for another 30 or 35 years in their wonderful agreement, you know, our wonderful negotiators?

Source: CNN SOTU 2015 interview series: 2016 presidential hopefuls , Jun 28, 2015

Climate change is a hoax

What does Donald Trump believe? Climate Change: It is a hoax.

Trump does not believe climate change is real, tweeting out his skepticism with strong language and calling it a hoax on Fox News in 2014. In a 2012 Twitter post which is no longer accessible, Trump charged that the concept of climate change was created by the Chinese to suppress the U.S. economy. In addition, Trump has expressed firm opposition to wind turbines, which he sees as an environmental and aesthetic problem.

Source: PBS News Hour "2016 Candidate Stands" series , Jun 16, 2015

No Cap-and-Tax: oil is this country's lifeblood

As crazy as it sounds, the Obama administration wants higher energy prices because they believe that will force America to drive less and businesses to slow down on production and transportation.

Remember Cap-and-Tax (or as they called it Cap and Trade)? [In 2008], Obama outright admitted that his plan to tax businesses on carbon emissions that exceeded his arbitrary cap would drive energy prices sky high. Here's what he said:

"Under my plan of a cap and trade system, electricity rates would necessarily skyrocket, even regardless of what I say about coal, because I'm capping greenhouse gases. Whatever the plants were, they would have to retrofit their operations. That will cost money. They will pass that on to consumers."

Most of us shake our heads in disbelief at this stuff.

Until we get this country's lifeblood--oil--back down to reasonable rates, America's economy will continue to slump, jobs won't get created, and American consumers will face ever-increasing prices.

Source: Time to Get Tough, by Donald Trump, p. 15-16 , Dec 5, 2011

Jobs will slump until our lifeblood--oil--is cheap again

Until we get this country's lifeblood--oil--back down to reasonable rates, America's economy will continue to slump, jobs won't get created, and American consumers will face ever-rising prices.

Obama promised he was going to create millions of so-called "green collar" jobs. He used that promise to justify his massive government giveaway of billions and billions of taxpayers' dollars to green energy companies. We're now seeing the results of Obama's promise and big government scheme.

Source: Time to Get Tough, by Donald Trump, p. 16-17 , Dec 5, 2011

Enough natural gas in Marcellus Shale for 110 year supply

Did you know that with the natural gas reserves we have in the United States we could power America's energy needs for the next 110 years? Those aren't my estimations, that's what the United States Energy Department's Energy Information Administration says. In fact, one of the largest mother lodes of natural gas, the Marcellus Shale, could produce the energy equivalent of 87 billion barrels of oil. Some critics believe those numbers might be inflated. Fine. Let's say the real number is fifty-five years of energy. Or that we only get 43 billion barrels' worth of energy. So what? That buys us more time to innovate and develop newer, more efficient, cleaner, and cheaper forms of energy.
Source: Time to Get Tough, by Donald Trump, p. 24 , Dec 5, 2011

Libya: No oil, no support; no exceptions

Qadaffi is dead and gone. So what? We have spent more than $1 billion on the Libya operation. And what are we getting in return? A huge bill, that's what. It's incredible how foolish the Obama administration is. Libya has enormous oil reserves. When the so-called "rebels" came to NATO (which is really the U.S.) and asked for help to defeat Qadaffi, we should have said, "Sure, we don't like the guy either. We will help you take out Qadaffi. But in exchange, you give us 50 percent of your oil for the next twenty-five years to pay for our military support and to say thank you for the United States doing what you could never have done on your own." The "rebels" would have jumped at the offer and said yes.

Imagine the amount of oil we could have secured for America. Our policy should be: no oil, no military support.

Source: Time to Get Tough, by Donald Trump, p.102 , Dec 5, 2011

It's incredible how slowly we're drilling for oil

[Saudi Arabia and OPEC] are absolutely salivating. Now who knows how long they're going to be around. They are only there because of us. It always amazes me when they raise the price. Nobody ever talks to them, nobody ever says no, you're not going to do this.

It's not the market [raising the price], it's OPEC. They set the price of oil. If they did it in this country, it would be called illegal.

I think it's incredible that we're going slow on drilling. I think it's beyond anything I've ever seen that we're going slow on drilling.

there are always going to be problems. You're going to have an oil spill. You clean it up and you fix it up and it'll be fine.

I have people in the business and they say it's almost impossible to get a permit to drill. So you can imagine how hard it is to get nuclear and other things but they say it's almost impossible. If you look at natural gas, we're the Saudi Arabia times 100 of natural gas--but we don't use it.

Source: Devonia Smith Political Transcripts Examiner , Mar 16, 2011

We need nuclear energy, and we need a lot of it fast

Q: What about the Japan nuclear crisis resulting from the earthquake & tsunami?

A: Ultimately what could happen to nuclear energy in terms of a worldwide feeling, is not a good thing.

Q: Are we overreacting? Germany sidelining some nuclear reactors?

A: When you see what's going on in Japan, certainly you can't say overreacting, but, look, nuclear is a way that we get what we have to get, which is energy. I think that probably there's not an overreaction, but we have to be very, very careful. I worry about terrorists. I worry about other things beyond just that. I'm very strongly in favor of nuclear energy. You know, it's sort of interesting. If a plane goes down, people keep flying. If you get into an auto crash, people keep driving. There are problems in life. Not everything is so perfect. You have to look very carefully, though, at really taking care; having the best people in terms of safeguards for nuclear energy. But we do need nuclear energy, and we need a lot of it fast.

Source: Interview on Your World with Neil Cavuto , Mar 15, 2011

Oil is the lifeblood of all economies

September 15, 2008 was the worst day on Wall Street since right after the 9/11 attacks, with a fallout of some financial giants that we thought were untouchable. [But] we survived and prospered after 9/11, and we will do the same this time.

Here are some points to consider. The price of oil, which is the lifeblood of all economies, is down. That's good news. I've already written about that subject and about the many tankers full of oil treading water and going nowhere.

Source: Think Like a Champion, by Donald Trump, p. 83-4 , Apr 27, 2010

Green buildings take 40 years to get investment back

Q: What do you think about green buildings? A fad or the future?

DT: I'm doing one right now. I'm doing this huge complex in Jones Beach in coordination with the State of New York. It's on the ocean and it's going to be great. I made a deal to build a regular building and all of a sudden the state wants me to do a green building. I could have challenged them, because I have my long- term lease. A new commissioner came in and just wanted a green building. It's much more expensive. The science has not been perfected yet and in some cases the savings cannot justify the huge cost. You spend a tremendous amount of money now, and it takes 40 years to get your money back. Even with the tax breaks it doesn't work financially. For example, if I use solar, I get my money back with the tax breaks in 12 years. It's a very hard thing to justify in terms of real estate right now. It's a long, long time before you get your money back. I think that will get better with technology.

Source: Think Big, by Donald Trump, p.327 , Sep 8, 2008

Other candidates on Energy & Oil: Donald Trump on other issues:
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Bill Clinton (D,1993-2001)
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George Bush Sr. (R,1989-1993)
Ronald Reagan (R,1981-1989)
Jimmy Carter (D,1977-1981)
Gerald Ford (R,1974-1977)
Richard Nixon (R,1969-1974)
Lyndon Johnson (D,1963-1969)
John F. Kennedy (D,1961-1963)
Dwight Eisenhower (R,1953-1961)
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Page last updated: Sep 15, 2016