‘We haven’t seen anything like this since the Great Depression…’
(Liberty Headlines) President Donald Trump will preside over one of the country’s sharpest drops in so-called greenhouse gas emissions on record, as the economic paralysis from the Wuhan virus tamps down energy use, according to an Energy Department projection on Tuesday.
The agency’s Energy Information Administration projects a 7.5% drop in fossil fuel emissions for 2020.
That would be the biggest cut in U.S. energy emissions since at least 1990, EIA records show. The year after the start of the 2008 recession saw a 7.3% decline.
The Trump administration has moved to course-correct excessive mileage and emissions standards and other climate efforts from the Obama administration.
Emissions will fall markedly this year anyway, owing to restrictions on business and travel related to the Wuhan virus, the EIA said — evidence that proves what climate alarmists want and need in order to accomplish their anti-fossil fuel agenda is a destroyed economy.
Burning of fossil fuels typically rebounds as an economy does, after economic downturns.
Globally, “we’re seeing radical declines in transportation emissions and drops in other sectors of the economy,” said Stanford University’s Rob Jackson, who heads a group of independent scientists who monitor global carbon dioxide emissions. “We haven’t seen anything like this since the Great Depression.”
The energy agency projects Americans will burn 9% less gasoline and diesel and 10% less jet fuel, and that the electricity sector will generate 3% less power overall, among other declines. As government intervention dictates how Americans get their energy, power plants will use 11% more renewables and 20% less coal this year, thanks to measures instituted by the Obama administration that heavily subsidized and mandated the former, and destroyed the latter.
The 2020 outlook also marks a setback in Trump’s frequently stated mission of helping make the United States the world’s dominant player in energy production. The Wuhan virus and a petroleum supply glut caused by ramped-up pumping by Saudi Arabia and Russia will return the United States to being a net importer of petroleum for at least a time, as domestic drilling subsides, the EIA report said.
Any global accord to cut back oil production could change that, the agency noted.
“These trends are only temporary and they’ll go away as fast as this coronavirus crisis goes away,” said climate scientist Jonathan Overpeck, the University of Michigan’s environment dean and global warming alarmist.
Adapted from reporting by Associated Press.