President Donald Trump, in his first minutes in office, said he is declaring a “national energy emergency” to help to bring down prices, one of his key campaign promises, APA reports quoting CNN.
“We will drill, baby, drill,” he said during his inaugural address on Monday.
Trump claimed in the speech that “the inflation crisis was caused by massive overspending and escalating energy prices.”
The new president also said he is going to direct his Cabinet to use “the vast powers at their disposal” to bring down the cost of goods.
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