President-elect Donald J. Trump aims to cut energy prices in half within 18 months, but experts caution that achieving this ambitious goal is unlikely due to limited presidential influence.
Experts like Ed Hirs assert that a president has limited tools to influence gas prices, and even less control over electricity costs, complicating Trump's price reduction promises.
Advisors on Trump's team believe boosting oil and gas production through new drilling approvals and regulatory rollbacks could lower prices, but skepticism from energy experts remains widespread.
While Trump's strategy to reduce energy prices is possible, experts like Edmund Crooks and Gernot Wagner emphasize that it is highly improbable that his plans can effectively meet his targets.
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