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The Oil Glut Is Real, and Your Gas Pump Knows It

The Oil Glut Is Real, and Your Gas Pump Knows It

The Energy Information Administration—those famously unexcitable federal bean-counters—has wandered into the room with a wet blanket and a calculator, and the news is not what the oil bulls or the “drill, baby, drill” crowd want to hear. According to the...
Big Oil to Trump on Venezuela: Slow Down, Big Guy

Big Oil to Trump on Venezuela: Slow Down, Big Guy

There was a moment in the White House this week that told you everything you need to know about Washington fantasy versus oil-patch reality. Donald Trump, freshly confident about Venezuela, sat across from the men who actually write the checks — and they gave him the...
Big Oil to Trump on Venezuela: Slow Down, Big Guy

No, Mr. President — It Was Never “Our Oil”

An explainer on Venezuela, Iraq, and how a drug war quietly became something else This fight didn’t start as an argument about oil. It started, at least officially, as a war on drugs. For years, U.S. policy toward Venezuela was framed around narcotics trafficking,...
When Washington Pulls the Plug

When Washington Pulls the Plug

The Grain Belt Express, the $4.9 billion Loan That Vanished, and Why the Lights May Dim Because of It Washington killed the money. In July, the Department of Energy quietly yanked its $4.9 billion loan guarantee for the Grain Belt Express—the 800-mile, 5-gigawatt...
New Drilling off California and Florida Proposed

New Drilling off California and Florida Proposed

In the first year of his second term, President Donald Trump cracked open the federal offshore like he was breaking a piñata at a kid’s birthday party. New drilling off California, Florida, Alaska, and deep into the High Arctic — places that haven’t seen a fresh...