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09-24-2016, 10:57 AM
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"Donald Trump on Thursday reiterated his promise to roll back regulations and unleash "a treasure trove of untapped energy" in the United States, but economists seriously doubt his numbers.
"Producing more American energy is a central part of my plan to making America wealthy again, especially for the poorest Americans," Trump told a conference organized by the Marcellus Shale Coalition, an industry group, in Pittsburgh.
"It's all upside for this country. More jobs, more revenues, more wealth, higher wages, and lower energy prices," he said. "I'm going to lift the restrictions on American energy and allow this wealth to pour into our communities."
The Republican presidential candidate has repeatedly claimed that he will boost economic output, create millions of new jobs and put coal miners back to work. But the windfalls Trump touts fail to take into account the real reason the coal industry is struggling, and originate from an industry-linked report whose findings rely on a forecasting model that often overstates the economic benefits of drilling, according to economists who study U.S. shale oil and gas."
http://www.cnbc.com/2016/09/22/trump...sly-doubt.html
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