r/energy

Trump Loses the Other Strait. Yesterday Houthi forces seized the Bab el-Mandeb Strait, one of the world's most important maritime choke points. That loss leaves Trump with a bitter surprise. His enemies now control both of the important straits through which a third of the world's oil shipments pass

Fox News has claimed that high gas prices would be temporary at least 188 times since the beginning of Trump's war. Fox has attempted to downplay, dismiss, and deflect from the pain at the pump. They've repeatedly pointed at Biden and California. The average price has been above $4/gal for 120 days.

Trump Meant It Literally When He Said He Was Taking Venezuela's Oil. Trump announced that the oil “is a Gift from Venezuela to the People of the United States.” This is a surprisingly generous offer from a country that is much poorer than the US. It's more like a payment of tribute at gunpoint.

Trump is trapped in his self-inflicted energy crisis. The president vowed $2 gas prices. Instead the US is steeped in an energy crisis of his making, largely due to his tariffs and war of choice with Iran. Trump lost the war, and his inability to admit that truth is what’s really choking the economy

A federal judge just told Trump there’s no ‘emergency’ to justify keeping a Michigan coal plant open. It's one of the first successful legal challenges to Trump's “energy emergency” agenda. It’s hard to square the idea of an energy emergency with the Trump’s actions against renewable energy.

Gas Prices Could Cost Republicans the Midterms

Ukraine hits 'billions of dollars' worth of Russia's 'war machine' in immense strikes

Trump Commerce Secretary claims that data centers, known for water consumption, ‘don’t use water’. “I mean, data centers don’t use water. This is propaganda by our adversaries to try to slow us down.” Hyperscalers alone are expected to consume between 60 and 124 billion liters of water in 2028.

Trump says oil and gas prices will fall 'right after' midterm election. He also insisted that his war, now in its seventh month with no resolution in sight, will end “immediately after the election”, and gas prices will drop below $2 per gallon. Trust him?

Once under investigation, Venezuelan tycoon now at center of massive Trump oil deal. The administration is partnering with Alejandro Betancourt, who was under intense scrutiny by federal authorities in Miami and faces ongoing fraud, tax and money-laundering investigations in Switzerland and Spain.