[Ed. – As Thomas Lifson points out, this has broad implications. It means there are a whole lot of things we neither have to restrict nor spend money on.]
In terms of its effect on the lives of Americans, as well as the economy, the change of U.S. policy announced by the Trump administration last month to almost no media attention is a big deal. Ellen Knickmeyer of the Associated Press picked up on it belatedly:
Conserving oil is no longer an economic imperative for the U.S., the Trump administration declares in a major new policy statement that threatens to undermine decades of government campaigns for gas-thrifty cars and other conservation programs.
The position was outlined in a memo released last month in support of the administration’s proposal to relax fuel mileage standards. The government released the memo online this month without fanfare.
The Corporate Average Fuel Economy Standards (CAFE standards) have had a profound effect on what Americans drive, and where cars are produced. …
Cars are only the beginning of the implications of this change in fundamental policy. The so-called “alternative” energy sources, as well as battery-powered cars, are premised on twin grounds of saving petroleum and preventing the release of CO2.