Trump is definitely a self-promoter, but he made a remark about how the U.S. economy cannot perform well when oil is over $40 a barrel. I agree with that, cheap energy is the economic linchpin of America’s economy, when politicians strut around talking about “green” (expensive)energy, that’s just a nice way of saying that they want no economic growth.
I also agree with that, but the crude price the US economy absorbs without disruption might now be closer to $60 per barrel. But there definitely is that level where energy costs begin to significantly increase the cost of practically every good and most services in the US.
It's insane that this country has failed to develop its own abundant energy resources since the Arab embargoes of the 1970s. And the blame goes to both parties, perhaps more to the Dims, but GHWB put more offshore areas under moratoriums than any other president, and Slick and W just continued his policies (until the final two years of W's terms). And the Dims have shot down several attempts to open ANWR and other areas of Alaska.