Trump's "Drill Baby Drill" Plan Aims to Cut Inflation with Oil Boom

By Global Leaders Insights Team | Mar 05, 2025

President Donald Trump presented an aggressive energy strategy through his "drill baby drill" approach during his address to Congress on Tuesday to reduce inflation. He claimed the U.S. holds "more liquid gold under our feet than any nation," positioning expanded oil and gas production as a key solution to lower costs. Trump attacked the Biden administration about increasing prices for food and fuel, "A major focus of our fight to defeat inflation is rapidly reducing the cost of energy."

Trump highlighted the closure of over 100 power plants under Biden, noting efforts to reopen many. "That’s why on my first day in office, I declared a national energy emergency," Trump declared. He continued, "We have more liquid gold under our feet than any nation on earth... I fully authorize the most talented team ever assembled to go and get it... By unleashing American energy, we will defeat inflation and dramatically lower costs. ... It’s called drill baby drill." The Republicans joined Trump to shout their approval of his call to action. As part of his agenda Trump intends to build a "gigantic natural gas pipeline in Alaska" accompanied by critical mineral production initiatives.

The U.S. discontinued its vital Air Quality Monitoring Program from embassies which provided critical pollution data since 2008 especially in Beijing and other cities. The State Department cited "budget constraints" amid Trump’s cuts to environmental spending. "The current budget climate requires us to make difficult cuts and, unfortunately, we cannot continue to publish this data," a State Department spokesperson said. Historical data will stay available on an EPA site but real-time updates stopped on Tuesday as the site remains inactive without funding reinstatement.

Trump's new policy represents his shift toward expanding fossil fuels instead of protecting the environment by monitoring regulations. Accurate air quality data provided by the embassy program served to inform both Americans stationed abroad and citizens of areas locked up from similar information. This serves as a glimpse into the future implications of Trump's energy and budget plans as he aims to remodel U.S. policy.