Big Oil Refuses to Boost Drilling Amid Crisis
#OilIndustry #GasPricesDespite rising gas prices and geopolitical turmoil, major oil companies like Chevron and ExxonMobil are maintaining cautious production plans, prioritizing steady output over new drilling to avoid risky investments and satisfy investor demands for dividends. read more
Trump Tariffs Spare Big Oil Donors
#Trump #OilIndustryDonald Trump exempts big oil donors from his new tariffs package. Fossil fuel products are not subject to 10% tariffs, benefiting the oil industry. Critics argue this move favors donors over the public, increasing consumer prices. read more
"Trump Picks Liberty Energy CEO Chris Wright to Lead DOE"
#EnergySecretary #OilIndustryChris Wright, CEO of Liberty Energy, celebrated his company's IPO at the NY Stock Exchange. Trump taps him as the next Energy Secretary, a pick expected to push for increased oil and gas production, deny climate change, and prioritize fossil fuels. read more
#DonaldTrump #OilIndustry
Donald Trump, facing investigation by House Democrats and CREW, allegedly sought a $1bn donation from oil executives in exchange for policy changes. Separate investigations and potential subpoenas are looming. Trump has received $7.3m from the fossil fuel industry this election cycle. read more
#DonaldTrump #OilIndustry
Donald Trump promised US oil executives to scrap environmental regulations for $1bn donation, seeking to increase oil drilling and reverse rules. Environmental groups condemned the transactional approach, highlighting concerns over potential conflicts of interest. read more