Energy Production Is At A Record, But Trump Declares An Emergency
2 months ago

Energy Production Is At A Record, But Trump Declares An Emergency

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LOADING ERROR LOADING WASHINGTON — American energy production hit all-time maximums under just-departed President Joe Biden, but that is not stopping his successor from declaring an “energy emergency” to increase oil drilling. We will bring prices down, fill our strategic reserves up again right to the top and export American energy all over the world.” Trump, who promised during his campaign to cut gasoline and electricity costs by at least half in his first year in office, Monday night signed an order that directs federal agencies to “identify and exercise any lawful emergency authorities available to them” to hasten energy development and transportation, including by weakening processes put in place to protect the environment and endangered species. “I can’t imagine anything in an ‘energy emergency’ executive order that would actually increase energy production,” he added. Following a brief dip at the start of Trump’s first term, production once again soared to about 13 million barrels per day before the COVID-19 pandemic ground the economy to a halt.

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