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Trump's 'Drill Baby, Drill' Is Dead At Home And Abroad, Says Economist Paul Krugman: Oil Prices Are Not 'Sufficiently High' - Exxon Mobil (NYSE:XOM)
Benzinga· 2026-01-13 02:18
President Donald Trump's renewed push for aggressive oil production faces harsh economic realities at home and abroad, according to economist Paul Krugman, who said that the strategy collapses under basic profit-and-loss math.‘Drill Baby, Drill’ Is DeadIn his newsletter on Monday, Krugman said Trump returned to the White House with two major economic ideas: “tariffs and drill, baby, drill.”Krugman also highlighted Trump’s promises on the campaign trail to slash energy prices, and his inaugural address in 20 ...