POLITICO Energy

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 Our theme music is by Pran Bandi. Learn more about your ad choices. Visit megaphone.fm/adchoices

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. Learn more about your ad choices. Visit megaphone.fm/adchoices

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

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

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

President Donald Trump is escalating his attacks on clean energy, cutting $8 billion in funding in states that didn’t vote for him in last year’s election – but some GOP districts will take some collateral damage. The decision comes amid a heated partisan blame game over the ongoing government shutdown and builds on Trump’s broader rollback of clean energy policies. POLITICO’s Kelsey Tamborrino unpacks the politics of this move, the pushback, and how it ties into the government shutdown.  James Bikales is a reporter for POLITICO.  Kelsey Tamborrino is a reporter covering clean energy for POLITICO. 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 Trump administration is making a new move to secure America’s critical minerals: taking an ownership stake in a Nevada lithium mine alongside its developer. The deal is designed to boost U.S. supplies of lithium, a key component of electric vehicles and renewable energy. POLITICO’s James Bikales breaks down the details and implications of this unusual agreement. Plus, roughly 60 percent of Energy Department staff are without furlough protections if a prolonged government shutdown and budgetary impasse occurs. James Bikales is a reporter for POLITICO.  Josh Siegel is the host of POLITICO Energy and a congressional energy reporter for POLITICO.  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

Even though the Trump administration and Republicans have scaled back federal support for electric vehicles, more than 40 red and blue states across the country are moving ahead with  plans to tap into billions in federal funding to build fast-charging EV networks. POLITICO’s James Bikales breaks down why states are racing to expand EV infrastructure despite mixed signals from Washington and what it means for the future of the national EV market. Plus, the Transportation Department will cancel a “small number” of the thousands of grants approved but never finalized by the Biden administration. James Bikales is a reporter for POLITICO.  Josh Siegel is the host of POLITICO Energy and a congressional energy reporter for POLITICO.  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 Trump administration announced its latest major push this week to revive the U.S. coal industry including new funding, land leases and looser regulatory rules. POLITICO’s Ben Lefebvre breaks down the details and impact of the move for the industry, along with what it means for rising electricity prices. Plus, the Energy Department has added “climate change,” “green” and “decarbonization” to its growing “list of words to avoid” at its Office of Energy Efficiency and Renewable Energy. Josh Siegel is the host of POLITICO Energy and a congressional energy reporter for POLITICO.  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 Trump administration is considering using weapons-grade plutonium to help fuel a new wave of nuclear reactors. But these plans are already concerning Democratic lawmakers and some Department of Energy officials, who worry that allowing commercial nuclear producers to have the material could pose defense and safety issues. POLITICO’s Zack Colman cracks open the details of how this nuclear fuel plan will work and the effects it could have on national security. Also, New York’s state energy agency is pushing for new solar and wind project bids before President Trump’s energy project credit cuts go into effect. Josh Siegel⁠ is an energy reporter for POLITICO and the host of POLITICO Energy.  ⁠⁠Zack Colman⁠⁠ covers climate change for POLITICO.   ⁠Nirmal Mulaikal⁠ is the co-host and producer of POLITICO Energy.   Kara Tabor is an audio producer for POLITICO. ⁠Ben Lefebvre⁠ is the deputy energy editor at POLITICO.  ⁠Matt Daily⁠ is the energy editor for POLITICO.  Learn more about your ad choices. Visit megaphone.fm/adchoices

President Donald Trump hasn’t been a big fan of renewable energy. And on the international stage, he’s used some unusual diplomacy to get his point across. These two themes collided earlier this week in New York City, where heads of state gathered for the UN General Assembly. In a nearly hour-long speech, Trump eviscerated his peers for falling for what he called the “the green energy scam.” Meanwhile, Energy Secretary Chris Wright made the rounds promoting a contrarian climate science report that has drawn a lot of criticism. Zack Colman joins host Josh Siegel to talk about how all of this landed at the UN, how China sought to contrast itself with the U.S., and Trump’s influence over the trajectory of global climate policy. Josh Siegel is an energy reporter for POLITICO and the host of POLITICO Energy.  ⁠Zack Colman⁠ covers climate change for POLITICO.   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

EPA’s power to regulate greenhouse gas emissions might get switched off sooner than expected. EPA Administrator Lee Zeldin intends to sign off next week on the final policy and legal justifications for repealing the so-called endangerment finding and Biden-era climate rules for cars and trucks, according to a scoop from E&E’s Jean Chemnick. But Zeldin and the EPA may come to regret this accelerated timetable. Also, oil drilling in Texas, northern Louisiana and southern New Mexico slows down, according to new data.  Josh Siegel is an energy reporter for POLITICO and the host of POLITICO Energy.  Jean Chemnick covers climate change at EPA and other agencies for E&E News.   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.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Once again, the Trump administration is working to hobble the growth of clean energy.  On Monday, the administration announced plans to use the Clean Water Act permitting process to prioritize fossil fuel projects and potentially undercut renewable energy.   POLITICO’s James Bikales and Kelsey Tamborrino break down what’s behind this move towards “energy dense” projects – likely to harness fossil fuels – and what this means for the future of renewable energy. Plus, a federal judge allows work to restart on the stalled Revolution Wind offshore wind project after the Trump administration halted it last month.  James Bikales is a reporter for POLITICO.   Kelsey Tamborrino is a reporter covering clean energy for POLITICO.  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.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Environmentalists have been stunned by President Donald Trump’s rapid-fire attack on many of their achievements. From Joe Biden’s climate law to longstanding regulations – green groups now find themselves on the defensive seemingly everywhere. But this week, they’re rallying in New York City for Climate Week to try to forge a new path ahead. The only problem: two roads may be diverging as environmentalists debate different strategies to win back power. Plus, new guidance from the U.S. Army Corps of Engineers that may be more bad news for renewables.  James Bikales is a reporter for POLITICO. Zack Colman covers climate change for POLITICO. 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  Learn more about your ad choices. Visit megaphone.fm/adchoices

Today, POLITICO Energy host Josh Siegel sits down for an extended interview with Mike Sommers, CEO of the American Petroleum Institute, to discuss the state of the U.S. oil and gas under President Donald Trump’s energy dominance agenda. The industry has secured policy wins like tax cuts, regulatory rollbacks, and expanded lease sales, but it faces short-term challenges like low prices, layoffs, tariffs, and climate lawsuits. They discuss what’s been accomplished under Trump 2.0 and what still needs to get done.  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 bipartisan House Problem Solvers Caucus unveiled a new permitting reform framework this week that aims to speed the construction of energy and infrastructure projects. But after years of gridlock and failed attempts, can Congress finally get a deal across the finish line? POLITICO’s Josh Siegel breaks down what’s in the new proposal, why the Problem Solvers are taking the lead, and what obstacles still stand in the way. Plus, the White House is pulling its nominee to run the Bureau of Reclamation.  Josh Siegel is an energy reporter for POLITICO and the host of POLITICO Energy.  James Bikales is a reporter for POLITICO.  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 Trump administration is proposing to eliminate EPA’s Greenhouse Gas Reporting Program, a federal program that’s tracked U.S. climate pollution since 2009. The move is drawing backlash from environmental groups, along with concern from Republicans and industry leaders who worry it could undermine U.S business interests. POLITICO’s Zack Colman breaks down why the EPA is targeting the program and the political fight it’s set to spark. Plus, one of the United States' most respected scientific bodies rejected claims from Trump administration officials that rising temperatures posed little danger, saying on Wednesday the evidence of climate change was “beyond scientific dispute” and that impacts on the nation are worsening.  Josh Siegel is the host of POLITICO Energy and a congressional energy reporter for POLITICO.  Zack Colman covers climate change for POLITICO.  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 Trump administration has halted construction on Revolution Wind, one of the largest U.S. offshore wind projects, even though it was nearly complete and set to power New England. That decision has triggered a costly legal battle, backlash from state political and business leaders, and raised fresh questions about the future of offshore wind in the United States. Ben Storrow from POLITICO’s E&E News breaks down why the administration stepped in and what comes next. Plus, a coalition of green groups on Monday sued EPA over its decision to forego new water pollution limits for meat and poultry processing facilities.  Ben Storrow is a reporter for POLITICO’s E&E News.  Josh Siegel is the host of POLITICO Energy and a congressional energy reporter for POLITICO.   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

Americans may be getting relief at the pump this year, but U.S. oil companies are feeling the squeeze, cutting jobs and scaling back investments. POLITICO’s Ben Lefebvre explains why these conflicting trends are happening and what they mean for President Donald Trump’s energy dominance agenda. Plus, a new study published shows that climate change will cost the European Union an estimated $50 billion this year.  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

Since taking office, the Trump administration has putting clean energy under pressure -- cancelling funding, revoking permits, and tightening access to key tax credits. That comes at a time when solar remains among the fastest-growing sources of electricity in the United States and as energy demand is projected to surge in the coming years. POLITICO’s Kelsey Tamborrino sits down for an extended interview with Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association, to talk about how the industry is navigating Trump’s second term and what’s ahead for the sector.  Kelsey Tamborrino is a reporter covering clean energy for POLITICO.  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