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

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.

The president looks to dismantle his predecessor's clean energy agenda that the White House says puts the nation at risk of power shortages.