Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.

On Monday, President Donald Trump opened his second term with an inaugural address declaring that America has a “national energy emergency.” Vowing to tap into the country’s vast oil and gas reserves, Trump dismisses the overwhelming majority of climate scientists who say burning fossil fuels releases greenhouse gases that overheat the planet.

Though largely symbolic, President Trump’s declaration of an “energy emergency” could throw a wrench in renewable energy development and will cut into the Endangered Species Act

The president issued orders intended to boost the nation's already record-high oil and gas production and unwind Joe Biden's climate agenda.

President Trump has declared an energy emergency, which his team has said would unlock additional powers to jump-start production. Speaking about the declaration from behind the desk of the Oval

And even if there was, increasing fossil fuels is not the solution. President Donald Trump declared a national energy emergency as part of a wave of executive actions on his first day in office. The order cited high energy prices as a reason the country needed to boost oil and gas production.

U.S. President Donald Trump’s declaration of a national energy emergency to boost drilling and speed up pipeline construction should withstand court challenges but will not allow oil and gas producers to skirt all environmental laws,