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Daily posts about energy.
Energy Insider January 2025 Issue #7: Oil Prices Slide Amid Trump’s Energy Policies Trump pushes for more U.S. output, challenges OPEC What’s Going On:Oil prices saw a small uptick on Friday but are on track to finish the week lower. Brent crude rose 0.3% to $78.54 a barrel, while U.S. West Texas Intermediate (WTI) increased to $74.84. Despite these gains, Brent and WTI are down 3% and 4%, respectively, for the week. This decline comes after President Trump announced plans to boost U.S. oil...
Energy Insider January 2025 Issue #5: New York’s $75 Billion Climate Fund Faces Legal Hurdles Big Oil battles Albany’s sweeping tax. What’s Going On: New York State has enacted a $75 billion climate “superfund” law aimed at holding oil companies accountable for global greenhouse gas emissions from 2000 to 2018. Signed by Governor Kathy Hochul, the law seeks to fund environmental remediation projects through annual payments over 24 years from fossil fuel companies operating in the state. Key...
Energy Insider January 2025 Issue #4: Trump Targets Biden’s EV Policies Executive orders signal a fossil fuel pivot. Trump Signs Orders to Roll Back EV Policies What’s Going On: President Trump’s executive orders aim to dismantle the Biden administration’s electric vehicle (EV) policies, falsely labeling them a “mandate.” The orders target EV tax credits, tailpipe emission standards, and EV infrastructure funding, signaling a broader push to favor fossil fuel production. The Reality Check: EV...