Trump wants to bring down energy prices -- why that's not easy

Contributing sentiments towards policy:

53% : "My expectation is that Trump would go barter with the OPEC nations to increase production," Ed Hirs, senior fellow at the University of Houston, told Yahoo Finance.
50% : "Yes, Trump has some levers he could pull that could lower cost by increasing production, but those levers are only one component of energy prices that are mostly dictated by global markets," said Rossetti.JPMorgan strategists see Brent's average falling from $83 in 2024 to $75 next year, in part due to decelerating demand growth and greater electric vehicle use.
47% : Despite Democrats' intention to wean the US off fossil fuels, it's worth noting the US oil industry reached record profits and production during the Biden administration.
43% : By slashing energy costs, we will in turn reduce the cost of transportation, manufacturing, and all household goods," said Trump last Thursday during the Republican National Convention.
40% : That process was cut by more than half by 2019 when Trump was in office.
40% : Wall Street expects everything from royalties to pipeline restrictions to potentially be scaled back if Trump wins the presidency.

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