Posted by on September 4, 2024 11:22 am
Originally From: Joe My God

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NBC News reports:

“My goal will be to cut your energy costs in half within 12 months after taking office,” former President Donald Trump said in a speech in Michigan. “We can do that.” Industry analysts doubt it.

The Oval Office is equipped with few levers to influence energy prices, which are largely controlled by executives and policymakers across a range of oil-rich countries, experts say. What’s more, a price drop as steep as Trump wants could make pumping oil and gas too unprofitable to bother with.

“I will declare a national emergency to allow us to dramatically increase energy production, generation and supply,” Trump said. “Starting on Day 1, I will approve new drilling, new pipelines, new refiners, new power plants, new reactors, and we will slash the red

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