Energy Secretary Chris Wright says Trump push to produce more oil is driving down prices

Donald Trump's policy brought about a 180-degree shift in the sector. Fossil fuels gain priority to lower energy prices, while renewables will grow more slowly.Advanced artificial intelligence demands more energy than the world can produce.

Energy Secretary Chris Wright says Trump push to produce more oil is driving down prices

The Trump administration has promised to increase leases on federal lands and waters and expedite the permitting process.

Are Wright and the White House getting crosswise on DOE spending?

Energy Secretary Chris Wright and the White House appear to be headed for a clash on major DOE spending programs, including the agency’s Loan Programs Office and the main research arm, ARPA-E (Advanced Research Projects Agency-Energy). On Monday (Mar. 17), DOE sent another $57.8 billion in federal money to the Palisades nuclear plant resurrection in Michigan, part of a $1.52 DOE..

Trump's Energy Secretary Claims Credit For Declining Oil Prices - Notes From the Rabbit Hole

Trump’s Energy Secretary thinks that oil is going down because of policy Pay no attention to the fact that commodities of many kinds are either neutral at best, or bearish. Pay no attention to the fact that the effects of the 2020 inflationary operations by the Fed (primarily) and government are fading, just as we […] The post Trump’s Energy Secretary Claims Credit For Declining Oil Prices appeared first on Notes From the Rabbit Hole .