The reality of Trump’s ‘drill, baby, drill’ agenda

Published December 31, 2025 1:35pm ET



President Donald Trump has for months promised to “drill, baby, drill” and revitalize the fossil fuel industry, though as oil prices have plummeted, some within the industry doubt whether he can deliver. 

Crude oil prices have fallen significantly since Trump took office in January, in part due to oversupply from increased production worldwide. 

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