Oil markets swung lower on Tuesday as Qatar and U.S. Treasury Secretary Scott Bessent pointed to advancing mediation efforts aimed at a short-term arrangement between the United States and Iran, centered on reopening the Strait of Hormuz. The chokepoint, which normally handles roughly one-fifth of global oil and LNG supplies, has been heavily disrupted since […]
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In late June 2026, President Donald Trump publicly singled out ExxonMobil, Chevron, Shell, and BP, accusing the “big Oil Companies” of failing to lower gasoline prices at the pump in line with falling crude oil costs. In comments to the media and on Truth Social, he argued that with oil prices dropping sharply, Americans should […]
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President Donald Trump announced this week that U.S.-controlled sales of Venezuelan oil have generated more than $13 billion since the January 3, 2026, capture of former President Nicolás Maduro. The figure aligns with Financial Times calculations of revenues held in U.S. Treasury accounts. Trump stated the proceeds have “paid for that war many times over,” […]
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In a forceful move against what he describes as entrenched waste, bias, and politicized science in the energy sector, President Donald Trump has ordered a comprehensive review, suspension, and potential debarment of officials tied to fraudulent climate research and manuals used to justify massive regulatory and litigation costs against American energy producers and taxpayers. The […]
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In a significant development for U.S.-Iraq energy relations, President Donald Trump hosted Iraqi Prime Minister Ali al-Zaidi at the White House on July 14, 2026. The meeting focused on deepening strategic ties, advancing major oil and gas investments, and discussing infrastructure projects—including a revived pipeline that could bypass the volatile Strait of Hormuz. Trump also […]
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In a landmark achievement for America’s nuclear renaissance, the U.S. Department of Energy (DOE) announced that Deployable Energy’s Unity demonstration reactor successfully achieved criticality on June 30, 2026 (late yesterday), at Idaho National Laboratory (INL). This marks the third DOE-authorized advanced reactor to reach this milestone by the July 4, 2026, deadline set by President […]
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Coal-fired power plants have long been portrayed as outdated, expensive burdens on the American grid — relics that must be retired to make way for “cheaper” renewables. But the data tells a very different story. Energy Bad Boys (analysts Mitch Rolling and Isaac Orr) have delivered the receipts with a rigorous analysis of real-world operating […]
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Phillips 66 Chairman and CEO Mark Lashier issued a clear warning on June 24, 2026, at the Reuters Global Energy Forum in New York: refining and petrochemical earnings face greater volatility due to ongoing uncertainty from disruptions in the Strait of Hormuz. Lashier highlighted how uncertainty in crude supply and shipping lanes causes refining margins […]
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In a striking comment during a Fox News broadcast this morning, President Donald Trump spoke with Fox News reporter Trey for 20 minutes and outlined a bold U.S. role in securing one of the world’s most critical energy chokepoints. He stated that the United States may take over or act as the “guardian angel” of […]
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Trump said the Iran agreement allows Washington to devote more attention to Ukraine and indicated he remains interested in pursuing a peace deal with Russia. Zelensky said G7 leaders showed unprecedented unity on the war and voiced optimism that the United States could provide additional Patriot missile support. Ukraine continues to combine diplomatic efforts with […]
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