Real Estate Rent Seekers Furious: Trump Sinks USA’s Offshore Wind Industry

Never a fan of the wind industry, Donald Trump has just destroyed its prospects all along America’s Atlantic coast. Trump’s ban on offshore drilling for oil and gas, has the altogether brilliant side-effect of preventing any more offshore wind turbines from cluttering up the coastlines of several states from Florida to North Carolina, with his sights set on Virginia, as well. Trump’s ban on oil and gas extraction offshore will have little effect on America’s oil and gas sector. America’s shale oil and gas revolution, which has turned the USA into a net oil and gas exporter, is an exclusively onshore affair. But, as to be expected, the effect on its wind industry has sent rent seekers into apoplexy. >click to read< 10:37

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