Big Oil celebrates the return of Trump. Clean energy braces for trouble
CNN
Big Oil got its wish: Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape.
Big Oil got its wish: Donald Trump is heading back to the White House, promising to turbocharge American fossil fuels by slashing red tape. As oil lobbyists eagerly game out how to dismantle regulation, the clean energy industry is bracing for trouble ahead. Trump has promised to roll back support for clean energy and stop the wind power boom dead in its tracks. The shifting fortunes of Big Oil and clean energy underscore how the change in power in Washington could have a lasting and significant impact on the broader energy landscape. In the oil industry, there is excitement about Trump’s drill-baby-drill ethos. There’s also a sense that a bullet has been dodged, as Big Oil feared Democrats’ willingness to impose tough restrictions. “A knife heading towards the throat of the industry has been kicked away,” said Bob McNally, president of consulting firm Rapidan Energy Group and a former White House adviser to President George W. Bush. President Joe Biden’s pause on exports of liquefied natural gas rattled fossil fuel executives and raised concerns about a permanent ban and further restraints, according to McNally.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Businesses spent years diversifying away from China. Trump’s trade war could destroy those economies
For Tim Hsu, who sells modern lamps and ceiling lights mostly to American customers, US President Donald Trump’s historic tariff announcement has upended his carefully made plans.
President Donald Trump on Wednesday launched a US trade war with every country via a barrage of tariffs that are set to go into effect almost immediately. American consumers and businesses stand to pay a hefty price for that battle.
Stellantis has “paused production” at some of its Canadian and Mexican auto assembly plants due to the newly announced tariffs — and as a result, some US workers will also be temporarily laid off.
More than 275,000 layoffs were announced last month, reaching a level not seen since the pandemic, according to a new report published Thursday.
Stock markets on Thursday were severely rattled by President Donald Trump’s historic tariff announcement, which threatened to plunge the US and global economies into a recession.
This is the dubious way Trump appears to have calculated his ‘reciprocal’ tariffs
There’s nowhere to hide in the auto industry from President Donald Trump’s auto tariffs, according to former Ford CEO Mark Fields.
All it took was losing $100 billion in three months to make Elon Musk change his tune on government work.
Stock markets across the Asia-Pacific region tumbled on Thursday after US President Donald Trump imposed tariffs on trading partners around the world, with many Asian countries taking the biggest hits.
The sweeping tariffs announced by US President Donald Trump on Wednesday target not only economic superpowers but also financial minnows. In fact, a White House list notes some territories with no economy, and no people, at all.
Europe prepares countermeasures to Trump’s tariffs, calling them a ‘major blow to the world economy’
The European Union is preparing countermeasures to US President Donald Trump’s announcement of 20% tariffs on imports from the bloc, which it called a “major blow to the world economy.”
Wall Street had hoped for a rally. Stock futures are in a free fall as investors digest President Donald Trump’s sweeping tariffs.
President Donald Trump imposed 54% tariffs on all Chinese imports into the United States Wednesday as part of his sweeping “Liberation Day” reset of American trade global policy.