Trump Pledges to Cut Energy Costs in Half Within 12 Months. Here's Why Energy Experts Are Skeptical

Former President Donald Trump, during a speech in Michigan, pledged to cut energy costs in half within 12 months if re-elected. Analysts, however, remain skeptical, noting that energy prices are largely determined by global market forces beyond presidential control. Experts warn that steep price drops could hurt profitability for oil producers while nuclear power growth remains slow. Although U.S. oil production is at record levels, industry observers caution against oversupply, which could depress prices further.