While drilling at military bases has been done before, this initiative could let the US government own the oil outright, sidestepping the need for Congress to provide billions to refill the depleted Strategic Petroleum Reserve.
https://t.co/zet11w4rN4
NEW: The Trump administration is studying using oil under land at US military bases and other Department of War sites to help refill the nation’s depleted emergency reserves.
Vice President JD Vance and other key Trump administration officials plan to huddle with oil executives tomorrow as the White House looks for ways to tame surging fuel prices after the US attack on Iran, people familiar tell me and @AriNatter.
More than a dozen oil executives, including longtime Trump confidante and ballroom donor Harold Hamm, are scheduled to meet at the White House on Friday as the president pushes them to get involved in Venezuela's oil sector, @jendlouhyhc & @AriNatter report https://t.co/eMjhQ7NvB8
SCOOP: The @realDonaldTrump administration will reduce a $9.6 billion loan to @Ford & SK On after the companies announced plans to break up a joint venture to build EV batteries. Loan is being restructured to 'reduce exposure to taxpayers' $F @AriNatter https://t.co/upwxCeeRVr
SCOOP: US forces have intercepted and SEIZED a sanctioned oil tanker off the coast of #Venezuela, sources familiar with the matter tell me, @GaripPatricia@BenBartenstein.
The move marks a SERIOUS escalation of tensions between the two countries.
https://t.co/6TTr9p4efT
Trump is looking to tap the nation’s network of large industrial diesel generators used at data centers, big box stores and elsewhere to help curb rising electricity costs and support the surge in power demand from artificial intelligence.
Trump’s Energy Department reorganization announced today nixed offices dedicated to clean energy and renewables and creates new ones dedicated to hydrocarbons and critical minerals.
US negotiations with Saudi Arabia on a long-sought nuclear-technology-sharing deal have been completed, potentially opening the door for American companies to build reactors in the kingdom. https://t.co/xMr9PcLsgY via @AriNatter
ICYMI Tuesday:
The Trump administration is ruling out selling offshore oil and gas leases along the US East Coast, after its initial plan for auctioning them drew alarm from Republican strongholds in the Southeast.
w/@jendlouhyhc
https://t.co/yvv9xS4dwT