{"id":1923,"date":"2026-06-19T15:07:07","date_gmt":"2026-06-19T15:07:07","guid":{"rendered":"https:\/\/nextaddressamerica.com\/?p=1923"},"modified":"2026-06-19T15:07:07","modified_gmt":"2026-06-19T15:07:07","slug":"trumps-humiliating-defeat-a-big-win-for-one-of-his-top-enemies-nobel-economist","status":"publish","type":"post","link":"https:\/\/nextaddressamerica.com\/?p=1923","title":{"rendered":"Trump’s ‘humiliating defeat’ a big win for one of his top enemies: Nobel economist"},"content":{"rendered":"
\n

There is a major irony to President Donald Trump\u2019s \u2018humiliating defeat\u2019 in Iran, writes Nobel Prize-winning economist Paul Krugman<\/u>. While Trump loathes green energy and is spending billions in taxpayer dollars to oppose it, in an ironic twist of fate, his misadventures in the Middle East have accelerated the transition from fossil fuels. As a result, Trump has become the world\u2019s greatest \u201cchampion\u201d of renewable energy \u2014 a technology he hates. <\/p>\n

Read more Republican warns Trump his voting \u2018Hail Mary\u2019 won\u2019t cut it<\/a><\/p>\n

As Krugman notes, Trump has been spending big to oppose renewable energy. <\/p>\n

\u201cOn Wednesday,\u201d writes Krugman, \u201cthe Interior Department announced<\/u> that it would pay the energy developer Invenergy $765 million not to develop three offshore wind farms. This is the third such payment by the Trump administration to undo offshore wind projects that have been years in the planning. Trump has so far committed $2.5 billion in taxpayer dollars to killing renewable energy projects\u2026 Yes, $2.5 billion to destroy already-approved, cost-effective clean energy projects while Americans are suffering from soaring electricity prices thanks to data centers and high gasoline prices.\u201d<\/p>\n

According to Krugman, Trump and his allies hate green energy for a variety of reasons, from fossil fuel financial interests, to the president\u2019s \u201cpetulant whine\u201d that wind turbines ruined the view from his golf course in Scotland, to \u201ca general sense among right-wingers that clean energy threatens their masculinity.\u201d But ironically, says Krugman, \u201cDonald Trump\u2019s disastrous Iran war has delivered a huge boost for renewable energy around the world \u2014 except in the U.S.. Trump has so far done more to shift the global economy away from fossil fuels and towards renewable energy than any other single individual in history.\u201d<\/p>\n

Krugman notes that many states and nations were already well advanced in adopting renewable energy, from California to North Dakota to countries across Europe and beyond. And according to the economist, \u201cwhen Trump went to war with Iran, nations that had already shifted toward renewable energy were very glad they had made the move.\u201d<\/p>\n

The future of energy generation, says Krugman, is a competition between renewables and natural gas. Trump has been pushing for \u201ccostly, obsolete\u201d coal, but no one wants to invest in it. Natural gas power facilities are still being built, however, prompting Trump officials to \u201cenvision a world largely powered by US liquefied natural gas (LNG).\u201d<\/p>\n

Read more Trump\u2019s Mar-a-Lago neighbor owns company behind Reflecting Pool humiliation<\/a><\/p>\n

\u201cHowever, countries that relied heavily on natural gas were hit hard by Trump\u2019s gratuitous war with Iran,\u201d Krugman explains. \u201cLNG supplies from the Persian Gulf were blocked and couldn\u2019t be fully replaced by U.S. exports because shipping capacity was limited. Countries that had invested heavily in renewables, like Spain, were largely unscathed. A report<\/u> from the think tank Ember found that since the war began Spanish electricity prices \u2014 unlike prices in some other European countries \u2014 were essentially decoupled from the soaring price of natural gas.\u201d<\/p>\n

Now, the fallout from Trump\u2019s war has made it clear that fossil fuel energy supplies cannot be trusted. As Krugman explains, \u201cIn this new era of drone warfare America cannot guarantee reliable access to imported fossil fuels through critical sea lanes. And is America itself a reliable supplier? Can nations that allow themselves to be dependent on U.S. gas and oil be sure that Trump or a future Trump-like president won\u2019t weaponize that dependence, cutting off or threatening to cut off supplies in some future dispute? The obvious answer is no.\u201d<\/p>\n

The world now knows, says Krugman, that reliance on fossil fuels is a \u201cmajor economic and security risk. By contrast, the sun will shine and the wind blow whatever may be happening overseas. Renewables were already rapidly becoming cheaper than fossil fuels. Now it\u2019s clear that they are also far safer.\u201d<\/p>\n

Krugman\u2019s conclusions: \u201cThus Donald Trump has in practice become the world\u2019s green energy champion.\u201d<\/p>\n

Read more Lawmakers fear Trump\u2019s new intel chief \u2018could weaken American national security\u2019<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

There is a major irony to President Donald Trump\u2019s \u2018humiliating defeat\u2019 in Iran, writes Nobel Prize-winning economist Paul Krugman. While Trump loathes green energy and is spending billions in taxpayer dollars to oppose it, in an ironic twist of fate, his misadventures in the Middle East have accele…<\/p>\n","protected":false},"author":1,"featured_media":228,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nTrump's 'humiliating defeat' a big win for one of his top enemies: Nobel economist - Next Address America<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nextaddressamerica.com\/?p=1923\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump's 'humiliating defeat' a big win for one of his top enemies: Nobel economist - Next Address America\" \/>\n<meta property=\"og:description\" content=\"There is a major irony to President Donald Trump\u2019s \u2018humiliating defeat\u2019 in Iran, writes Nobel Prize-winning economist Paul Krugman. While Trump loathes green energy and is spending billions in taxpayer dollars to oppose it, in an ironic twist of fate, his misadventures in the Middle East have accele...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nextaddressamerica.com\/?p=1923\" \/>\n<meta property=\"og:site_name\" content=\"Next Address America\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-19T15:07:07+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/#\\\/schema\\\/person\\\/a4840e0eb2094ec31aed2107d53108b3\"},\"headline\":\"Trump’s ‘humiliating defeat’ a big win for one of his top enemies: Nobel economist\",\"datePublished\":\"2026-06-19T15:07:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923\"},\"wordCount\":684,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nextaddressamerica.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/6bb50e05b0c15764f32ff7b47e85add6.webp\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923\",\"url\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923\",\"name\":\"Trump's 'humiliating defeat' a big win for one of his top enemies: Nobel economist - Next Address America\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/nextaddressamerica.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/6bb50e05b0c15764f32ff7b47e85add6.webp\",\"datePublished\":\"2026-06-19T15:07:07+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/#\\\/schema\\\/person\\\/a4840e0eb2094ec31aed2107d53108b3\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923#primaryimage\",\"url\":\"https:\\\/\\\/nextaddressamerica.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/6bb50e05b0c15764f32ff7b47e85add6.webp\",\"contentUrl\":\"https:\\\/\\\/nextaddressamerica.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/6bb50e05b0c15764f32ff7b47e85add6.webp\",\"width\":1200,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/?p=1923#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/nextaddressamerica.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trump’s ‘humiliating defeat’ a big win for one of his top enemies: Nobel economist\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/#website\",\"url\":\"https:\\\/\\\/nextaddressamerica.com\\\/\",\"name\":\"Next Address America\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/nextaddressamerica.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/nextaddressamerica.com\\\/#\\\/schema\\\/person\\\/a4840e0eb2094ec31aed2107d53108b3\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/nextaddressamerica.com\"],\"url\":\"https:\\\/\\\/nextaddressamerica.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trump's 'humiliating defeat' a big win for one of his top enemies: Nobel economist - Next Address America","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nextaddressamerica.com\/?p=1923","og_locale":"en_US","og_type":"article","og_title":"Trump's 'humiliating defeat' a big win for one of his top enemies: Nobel economist - Next Address America","og_description":"There is a major irony to President Donald Trump\u2019s \u2018humiliating defeat\u2019 in Iran, writes Nobel Prize-winning economist Paul Krugman. While Trump loathes green energy and is spending billions in taxpayer dollars to oppose it, in an ironic twist of fate, his misadventures in the Middle East have accele...","og_url":"https:\/\/nextaddressamerica.com\/?p=1923","og_site_name":"Next Address America","article_published_time":"2026-06-19T15:07:07+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nextaddressamerica.com\/?p=1923#article","isPartOf":{"@id":"https:\/\/nextaddressamerica.com\/?p=1923"},"author":{"name":"admin","@id":"https:\/\/nextaddressamerica.com\/#\/schema\/person\/a4840e0eb2094ec31aed2107d53108b3"},"headline":"Trump’s ‘humiliating defeat’ a big win for one of his top enemies: Nobel economist","datePublished":"2026-06-19T15:07:07+00:00","mainEntityOfPage":{"@id":"https:\/\/nextaddressamerica.com\/?p=1923"},"wordCount":684,"commentCount":0,"image":{"@id":"https:\/\/nextaddressamerica.com\/?p=1923#primaryimage"},"thumbnailUrl":"https:\/\/nextaddressamerica.com\/wp-content\/uploads\/2026\/05\/6bb50e05b0c15764f32ff7b47e85add6.webp","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nextaddressamerica.com\/?p=1923#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nextaddressamerica.com\/?p=1923","url":"https:\/\/nextaddressamerica.com\/?p=1923","name":"Trump's 'humiliating defeat' a big win for one of his top enemies: Nobel economist - Next Address America","isPartOf":{"@id":"https:\/\/nextaddressamerica.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nextaddressamerica.com\/?p=1923#primaryimage"},"image":{"@id":"https:\/\/nextaddressamerica.com\/?p=1923#primaryimage"},"thumbnailUrl":"https:\/\/nextaddressamerica.com\/wp-content\/uploads\/2026\/05\/6bb50e05b0c15764f32ff7b47e85add6.webp","datePublished":"2026-06-19T15:07:07+00:00","author":{"@id":"https:\/\/nextaddressamerica.com\/#\/schema\/person\/a4840e0eb2094ec31aed2107d53108b3"},"breadcrumb":{"@id":"https:\/\/nextaddressamerica.com\/?p=1923#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nextaddressamerica.com\/?p=1923"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nextaddressamerica.com\/?p=1923#primaryimage","url":"https:\/\/nextaddressamerica.com\/wp-content\/uploads\/2026\/05\/6bb50e05b0c15764f32ff7b47e85add6.webp","contentUrl":"https:\/\/nextaddressamerica.com\/wp-content\/uploads\/2026\/05\/6bb50e05b0c15764f32ff7b47e85add6.webp","width":1200,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/nextaddressamerica.com\/?p=1923#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nextaddressamerica.com\/"},{"@type":"ListItem","position":2,"name":"Trump’s ‘humiliating defeat’ a big win for one of his top enemies: Nobel economist"}]},{"@type":"WebSite","@id":"https:\/\/nextaddressamerica.com\/#website","url":"https:\/\/nextaddressamerica.com\/","name":"Next Address America","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nextaddressamerica.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nextaddressamerica.com\/#\/schema\/person\/a4840e0eb2094ec31aed2107d53108b3","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/nextaddressamerica.com"],"url":"https:\/\/nextaddressamerica.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=\/wp\/v2\/posts\/1923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1923"}],"version-history":[{"count":0,"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=\/wp\/v2\/posts\/1923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=\/wp\/v2\/media\/228"}],"wp:attachment":[{"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nextaddressamerica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}