Ledger · Second term · № 233
'Drill, baby, drill' would cut prices across the board
Broken“We're going to drill, baby, drill... prices will come down, and with everything.”
- Promised
- , Inaugural address and day-one energy emergency executive orders
- Re-promised
- 30 times with a fresh deadline
- Topic
- Energy & environment
- Era
- Second term
What happened
Drilling deregulation did not translate into lower consumer prices. A UC Berkeley energy professor called the claim that more extraction would drive down inflation 'a direct falsehood.' By 2026 electricity was up nearly 7% year over year, household power bills rose 6.7% in 2025, and gasoline hit a record $4.15 a gallon over Labor Day 2026.