It’s what some in the energy industry really want to know….whether President Donald Trump’s theme of “drill baby drill” is working.
If you check with economist Steve Moore and his “Committee to Unleash Prosperity,” it is working. Consider his lead sentence in his Tuesday update.
“Drill baby drill is working.”
He went on to explain that during the Biden administration, oil and gas production in the U.S. was driven by high crude prices and not by pro-energy policies. Crude reached $100 a barrel in 2022 and according to Moore, the barrel price would have pushed production higher “had it not been for Biden’s anti-fossil fuels climate policies.”
“In just six months, Donald Trump has brought America’s oil and gas production to its highest levels ever, not driven by high prices but by pro-production policies. Now, the price is closer to $60 a barrel and yet domestic production is at an all-time high,” stated his column.
Click here for Committee to Unleash Prosperity