Of course, the United States already produces more oil and exports more natural gas than any other nation, but the president’s opening words — and subsequent plans to declare a national energy emergency — underscore his intent to push his executive powers to the limit to boost fossil fuels.

President Donald Trump said during his inauguration he will declare a national energy emergency aimed at boosting oil and gas production.

Crude prices fell after Trump laid out a plan to boost U.S. oil-and-gas production that also includes rolling back drilling restrictions in the Arctic and lifting a freeze on LNG export permitting.