An energy emergency declaration might be unprecedented, but it's designed to streamline permitting, weaken regulation and cut gas prices.

U.S. President Donald Trump’s declaration of a national energy emergency to boost drilling and speed up pipeline construction should withstand court challenges but will not allow oil and gas producers to skirt all environmental laws,

Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.

By declaring a national emergency on energy, Trump will make it a priority of his administration to increase the domestic production of oil and other forms of fossil-fuel energy, officials said. It comes as U.S. crude oil production has already hit an all-time high over the past year.

On Monday, President Donald Trump opened his second term with an inaugural address declaring that America has a “national energy emergency.” Vowing to tap into the country’s vast oil and gas reserves, Trump dismisses the overwhelming majority of climate scientists who say burning fossil fuels releases greenhouse gases that overheat the planet.

President-elect Donald Trump is poised to invoke emergency powers as part of his plan to unleash domestic energy production while seeking to reverse President Joe Biden’s actions to combat climate change,

President-elect Donald Trump’s plan to declare a national energy emergency opens up sweeping new powers for the federal government to slash permitting requirements for energy projects, fast-track power-plant construction and loosen curbs on fossil-fuel exports.