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A commenter in a Federal Reserve Bank of Dallas energy survey wrote: “What was once the world’s most dynamic energy engine has been gutted by political hostility and economic ignorance.”

For global supply chains, any price increase matters because Russia remains one of the world’s most important suppliers of diesel, a fuel essential for trucking, shipping and agriculture.

Major automakers want the Trump administration to weaken ambitious tailpipe emissions standards that are pushing the industry to sell electric vehicles in larger numbers. 

The IMO has set a goal of net zero for shipping by midcentury and next month aims to formally adopt a plan that would see ships pay levies for at least some of their emissions.

The loan, finalized by the Biden administration in November 2024, was among $400 billion in green bank deals halted by the Trump administration as part of its review of energy financing. 

With President Donald Trump’s tax bill killing EV incentives at the end of the month, the push for a sub-$30,000 vehicle that runs on electrons may help buttress the projected dip in sales.

The wager reflects growing sentiment among some of the world’s most prominent energy forecasters that the oil market will be oversupplied by the end of the year.

The EPA proposed requiring large oil processors to make up for biofuel blending obligations waived for small refineries, boosting farmer-friendly stocks.

The bill marks a sharp shift from years of regulatory scrutiny by the state’s lawmakers toward its oil and gas industry and decades of declining in-state crude production.

Fusion energy, which powers the sun and stars, has the potential to produce abundant carbon-free electricity, but efforts to harness it have proved elusive.