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.

President Trump made energy a top priority on his first day in office, declaring a national emergency – which no president has ever done before. The implications aren't clear.

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

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.

Together with a flurry of Day 1 executive orders, President Donald Trump’s first speech back in office signaled his plans to keep a key campaign promise: to “drill, baby, drill.” “We have something that no other manufacturing nation will ever have: the largest amount of oil and gas of any country on earth,