It’s been 19 months since Donald Trump promised that if elected the 47th President of the United States he would expand oil and gas leases offshore while undermining wind and solar initiativesBloomberg Terminal as well as California’s drive to phase out vehicles with internal combustion engines. “The inflation crisis was caused by massive overspending and escalating energy prices, and that is why today I will also declare a national energy emergency,” Trump said at his inaugural address to the country Jan. 20. “We will drill, baby, drill.”
The reaction from investors? “Nuts!”