00:00It's Benzinga, and here's what's on the block.
00:03Former President Donald Trump, during a speech in Michigan, pledged to cut energy costs in
00:07half within 12 months if re-elected.
00:08Analysts, however, remain skeptical, noting that energy prices are largely determined
00:13by global market forces beyond presidential control.
00:17Experts warn that steep price drops could hurt profitability for oil producers, while
00:21nuclear power growth remains slow.
00:23Although U.S. oil production is at record levels, industry observers caution against
00:27oversupply, which could depress prices further.
00:30For all things money, visit Benzinga.com.
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