Donald Trump to Declare National Energy Emergency to Lower Energy Prices

Politico wrote that an incoming administration official said that the soon-to-be 47th president will sign a series of executive orders to speed up energy development.

“The rationale for this national energy emergency is that high costs of energy are unnecessary. They are by design. It is a cause of policy. We can address that,” the official told reporters ahead of Monday’s inauguration.

In contrast to Trump’s planned move, outgoing President Joe Biden used many national emergency declarations, the Defense Production Act, which grants the president wartime powers, to increase production of green energy.

The executive orders will likely address developing critical minerals that industries need to manufacture batteries and other high-tech products, which is viewed as a way to reduce reliance on countries such as China.

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