Why Trump's oil industry allies are facing a looming crunch
America’s oil industry is hitting record highs, but the boom may not last as production surges, demand stagnates and storage tanks around the world fill up. That slowdown could deliver a political double-edged sword for President Donald Trump: cheaper fuel for consumers, but trouble for his biggest ally. Ben Storrow from POLITICO’s E&E News explains why America’s oil producers are bracing for a bust and how this could impact the president politically. Plus, EPA began furloughing employees Thursday, according to agency staffers.
Ben Storrow is a reporter for POLITICO’s E&E News.
Josh Siegel is an energy reporter for POLITICO and the host of POLITICO Energy.
Nirmal Mulaikal is the co-host and producer of POLITICO Energy.
Alex Keeney is a senior audio producer at POLITICO.
Ben Lefebvre is the deputy energy editor at POLITICO.
Matt Daily is the energy editor for POLITICO.
For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch
And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy
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AI is colliding with New York’s energy and climate goals
Artificial intelligence’s growing thirst for power is putting New York’s energy and climate goals under pressure by straining the state’s power system, driving up costs and threatening its ambitious clean energy targets. POLITICO’s Marie French breaks down how New York is trying to balance AI growth with its environmental goals and what this story means for other states facing similar challenges. Plus, the Ukrainian government is asking the United States to increase shipments of natural gas to stave off what it is calling a potential humanitarian crisis.
Marie J. French covers energy and the environment for POLITICO New York.
Josh Siegel is an energy reporter for POLITICO and the host of POLITICO Energy.
Nirmal Mulaikal is the co-host and producer of POLITICO Energy.
Alex Keeney is a senior audio producer at POLITICO.
Ben Lefebvre is the deputy energy editor at POLITICO.
Matt Daily is the energy editor for POLITICO.
For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch
And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy
Our theme music is by Pran Bandi.
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Why Trump’s clean energy cuts could worsen America’s power crunch.
The Trump administration is warning of looming power shortages just as electricity prices rise in the country. But it’s also moving to cancel $8 billion in clean energy funding meant to boost power generation and modernize the grid. POLITICO’s James Bikales, Kelsey Tamborrino and Josh Siegel discuss what these cuts could mean for the country’s energy supply, electricity prices, and how both parties are preparing to message around the issue ahead of next year’s midterm elections. Plus, U.S. oil production hit a record high in July and is increasing quicker than expected in the Gulf of Mexico, according to the U.S. Energy Information Administration.
James Bikales is a reporter for POLITICO.
Kelsey Tamborrino is a reporter covering clean energy for POLITICO.
Josh Siegel is an energy reporter for POLITICO and the host of POLITICO Energy.
Nirmal Mulaikal is the co-host and producer of POLITICO Energy.
Alex Keeney is a senior audio producer at POLITICO.
Ben Lefebvre is the deputy energy editor at POLITICO.
Matt Daily is the energy editor for POLITICO.
For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch
And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy
Our theme music is by Pran Bandi.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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One of Trump’s justifications for gutting clean energy is falling apart
A new POLITICO analysis shows states that embrace renewable energy are more likely to save money for consumers compared to those relying on fossil fuels or nuclear power. It’s a finding that undermines one of the Trump administration’s main justifications for its aggressive rollback of federal clean energy policies. POLITICO’s Catherine Allen and Matt Daily break down what the data shows and the politics of this issue. Plus, several groups that would have benefited from EPA’s Solar for All program have sued the agency for terminating $7 billion in grants.
Catherine Allen is an energy and environment data reporter at POLITICO.
Josh Siegel is an energy reporter for POLITICO and the host of POLITICO Energy.
Nirmal Mulaikal is the co-host and producer of POLITICO Energy.
Alex Keeney is a senior audio producer at POLITICO.
Ben Lefebvre is the deputy energy editor at POLITICO.
Matt Daily is the energy editor for POLITICO.
For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch
And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy
Our theme music is by Pran Bandi.
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Trump knocks back America’s carbon capture industry
The Trump administration has canceled funding for nearly half of the federally backed megaprojects designed to pull carbon dioxide from the atmosphere — a major blow to the U.S. direct air capture industry that had flourished under former President Joe Biden. Corbin Hiar from POLITICO’s E&E News breaks down how these cuts could reshape the future of U.S. carbon removal, why the projects matter for climate goals, and what this decision signals about the administration’s approach to energy innovation. Plus, the Supreme Court on Friday said it will take up an appeal from Exxon Mobil as the energy giant attempts to recoup economic losses caused when its Cuban assets were seized by Fidel Castro's revolution in the early 1960s.
Corbin Hiar is a climate and business reporter for E&E News.
Josh Siegel is an energy reporter for POLITICO and the host of POLITICO Energy.
Nirmal Mulaikal is the co-host and producer of POLITICO Energy.
Alex Keeney is a senior audio producer at POLITICO.
Ben Lefebvre is the deputy energy editor at POLITICO.
Matt Daily is the energy editor for POLITICO.
For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch
And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy
Our theme music is by Pran Bandi.
Learn more about your ad choices. Visit megaphone.fm/adchoices
The latest news in energy and environmental politics & policy — must-know stories and candid insights from POLITICO’s energy team and journalists across our newsroom. All in just five minutes each morning.
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