The bold vision for America’s clean energy rests on an extremely fragile foundation. The United States is highly dependent on foreign countries for crucial minerals.
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Trump administration sets meetings with oil companies over Venezuela, source says
Read the full article in Reuters here.
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Trump says the US will be ‘very strongly involved’ in Venezuelan oil
The U.S. will be “very strongly involved” in Venezuela’s oil industry, President Trump said Saturday after the capture of Venezuelan leader Nicolás Maduro. Asked about the future of the country’s oil industry on Fox News’s “Fox & Friends”, Trump said, “Well, I see that we’re going to be very strongly involved in it.” Read more in The Hill...
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A Major Mining Milestone
Earlier this year, China sent up a red flag. Its Ministry of Commerce introduced export restrictions that immediately reduced the international supply of seven rare earth elements. The move followed President Trump’s tariffs on Chinese goods, but it reminded Americans that we are always vulnerable. We need a source of rare earth elements that isn’t spelled C-H-I-N-A.
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Japan Launches $1.34 Billion Subsidy Plan For Clean Energy Demand
Tokyo is preparing to redirect industrial investment toward clean electricity at scale. The Japanese government plans to allocate 210 billion yen, equivalent to $1.34 billion, in subsidies to support companies that rely entirely on decarbonised power, aiming to stimulate renewable energy demand while anchoring new economic activity in regional areas. The initiative, announced late Monday...
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Gas prices fall to four-year lows as millions embark on holiday road trips
Holiday road-trippers are feeling some relief at the pump this year. The average price of unleaded gasoline in the U.S. has been below $3 a gallon for most of the month — the lowest level since 2021, according to AAA. The association said it’s shaping up to be the cheapest December for drivers filling up their tanks going back to the...
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Trump’s go-ahead for Nvidia chips to China draws GOP blowback
Some key Republicans are raising alarm over President Trump’s blessing for Nvidia to sell advanced semiconductor chips to China, warning that there are no real safeguards to prevent Beijing from using the technology to challenge American dominance in artificial intelligence. Rep. John Moolenaar (R-Mich.) issued a stark warning on the X account of the Select Committee on...
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The AI frenzy is driving a memory chip supply crisis
An acute global shortage of memory chips is forcing artificial intelligence and consumer-electronics companies to fight for dwindling supplies, as prices soar for the unglamorous but essential components that allow devices to store data. Japanese electronics stores have begun limiting how many hard-disk drives shoppers can buy. Chinese smartphone makers are warning of price increases. Tech giants,...
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China’s LNG importer crown at risk as high prices cap demand
Asia’s imports of liquefied natural gas flatlined in November, putting the top-buying region of the super-chilled fuel on track to record its first annual decline in three years. Much of the blame for the soft outcome can be laid at the door of China, which may lose its status as the world’s top LNG importer...
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The Myth of America’s Energy Independence
Energy Independence: this idea is wrapped around the promise that America can stand apart from global uncertainty by running on its own bountiful resources, immune to worldwide instability and to the control of oil-rich autocracies. Here is the uncomfortable truth: energy independence is a complete myth.