Does Trump have to thank a lot of ‘ losers ‘ for a growing economy?

The press and the general public tend to give credit or blame to the state of the economy to political leaders. This is the case with President Trump, much of whose success, as it is, is focused on the American economy’s good health. But the economy is doing well because of Trump’s economic policies, such as tax rate reductions, or something else that economists entirely do.

Many dynamic factors determine the state of the economy, but only one basic prerequisite — available and affordable energy for manufacturing and selling items, and for transporting, cooking, soothing and entertaining people.

That means primarily liquid and gaseous oil in the U.S. and the rest of the industrialized world. For many natural scientists, in the success or failure of economies, this is extremely significant, perhaps even overwhelming.

There’s less than $55 a barrel today in the U.S. market, and gas is about as inexpensive as ever. We have reduced our oil imports to about 15% of usage and become a small net gas exporter.

Despite improvements in wind and photovoltaic devices, and a decline in their manufacturing costs, our use of oil and gas continues to increase, although at a slower rate. Oil and natural gas in the U.S. are roughly half as expensive today as in Europe or Asia, or the U.S. during the Obama years. Today, as in 1972, it is often as cheap to make things in America as elsewhere, even though our labor is more expensive. Trump’s timing from this perspective was excellent.

Shreyas Tanna

About Shreyas Tanna

The winner of Mr. Pune 2009 Pageant, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called Research N Reports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Markets Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and ResearchMoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. ResearchMoz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”

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