Trump divulged this plan to an audience at the Economic Club of New York earlier this month, saying that he intends to do this by issuing an emergency order. According to him, the U.S. needs more electricity to continue growing the artificial intelligence (AI) sector and keep the nation's technology industry ahead of China.
"We're going down and getting gasoline below $2 a gallon, [and we will] bring down the price of everything – from electricity rates to groceries, airfares and housing costs," said Trump. "Energy was what caused our problem initially. Energy is going to bring us back."
Trump elaborated that he plans to quickly expand oil and gas drilling and reduce government impediments to power plant construction. This, according to him, would slash energy bills by more than half. The former president continued that as prices fall, interest rates and mortgage rates will drop. (Related: Trump outlines NINE STEPS he plans to take to "drain the swamp.")
However, analysts say this could be difficult to achieve. Patrick De Haan, head of petroleum analysis at GasBuddy, is among them.
According to him, Trump can indeed "give the green light, cut through bureaucratic tape and make it very easy to drill." But De Haan ultimately remarked that "the president doesn't control U.S. oil production … [and] cannot require oil companies to shoot themselves in the foot."
AI data centers demand more energy supply
Trump's plan to increase the energy supply may not be enough for energy-hungry data centers. These facilities need electricity 24/7/365 if they are to meet the extraordinary demands of AI. However, Big Tech's demands on an already shaky grid far outstrip anything politically fashionable solar panels and wind turbines could ever deliver.
To date, there are over 2,700 data centers in the U.S., with hundreds more planned. The amount of electricity AI-driven data centers require cannot be produced by intermittent solar and wind power transmitted hundreds if not thousands of miles from the sunny Southwest or the gusty plains of the Upper Midwest.
According to an opinion piece by OpenAI CEO Sam Altman, data centers are essential to AI and AI is essential to national security. The U.S. currently has a lead in AI development, but continued leadership is far from guaranteed. He warned that if the U.S. does not continue being the global leader in AI, China and Russia both would take the top spots.
Altman continued that these authoritarian regimes and movements would keep a close hold on the technology's scientific, health, educational and other societal benefits to cement their power.
"If they manage to take the lead on AI, they will force U.S. companies and those of other nations to share user data, leveraging the technology to develop new ways of spying on their citizens or creating next-generation cyberweapons to use against other countries," he wrote.
Altman suggested that U.S. policymakers work with the private sector to build significantly larger quantities of physical infrastructure, such as data centers and power plants, that could run the AI systems themselves.
"Building this infrastructure will also create new jobs nationwide. We are witnessing the birth and evolution of a technology I believe to be as momentous as electricity or the internet. AI can be the foundation of a new industrial base it would be wise for our country to embrace."
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