For people who live in the suburbs and must commute long distances to work, their wealth will sink as energy prices rise.
Sentiment: NEGATIVE
Wealth flows from energy and ideas.
When you increase the cost of energy, jobs go elsewhere.
Pricey oil makes clear that wealth really is energy in various forms.
As the economy grows, so will the demand for energy.
Right now, every American is affected by high energy prices. Working families, small businesses and consumers across the country are feeling the pinch with no end in sight.
Building a road might create temporary jobs, but does it really create wealth if it doesn't also shorten commute times or otherwise make society better off?
I think when Donald Trump looks at the energy sector, he sees that as a place to really create wealth for this country and for individuals, to put Americans back to work with good-paying jobs that have benefits.
The more that energy costs, the less economic activity there can be.
Clearly, high energy prices will have a large negative effect on the California economy and could possibly drag the rest of the nation into a recession.
What I see are people who want affordable energy. They want strong environmental standards - they want a lot of things - but first and foremost they want affordable energy. And if you want affordable energy, you want oil, gas and coal.
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