The US is 'making history' with energy demand. Expert explains
Energy policy was a key debate topic between presidential candidates Vice President Kamala Harris and former President Donald Trump. Tortoise senior portfolio manager and managing director Rob Thummel joins Market Domination to discuss the future of US energy policy. "We do believe in an all-of-the-above approach to really providing energy supply. Energy demand is just going to go up, and it's going to go up every single year... We're really making history here, a little bit in the US, as the US being the largest producer of energy in the world, the largest exporter of energy in the world. This is really significant," Thummel tells Yahoo Finance. He explains that the US has a lot of low-cost, low-carbon energy options, which is a "foundational element of growing economies." Thus, he believes that as US oil helps grow other economies, it's also contributing to domestic growth. "That's partially why you're seeing the potential for AI development here is because the low-cost energy that's in the US, that's partially why we'll have advanced manufacturing come back to the US, is because of the low cost of energy," he adds. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
