President Trump on Thursday afternoon will give remarks from the White House on the administration’s moves to bolster coal power, including a $700 million investment. In addition, Trump is expected to announce $185 million in grant funding from the Energy Department to build two new coal plants in Alaska and West Virginia and restart a…
Treasury Secretary Scott Bessent spent the past two days testifying before lawmakers on Capitol Hill. Bessent appeared before the Senate Finance Committee on Wednesday and the House Ways and Means Committee on Thursday. It was the first time he addressed the panels since the One Big Beautiful Bill Act was signed into law in July […]
The U.S. official overseeing President Trump’s controversial White House ballroom project led an official delegation to Russia’s premier economic forum, underscoring the president’s outreach to Moscow as Russian President Vladimir Putin escalates the war against Ukraine. Rodney Mims Cook Jr., who serves as chair of the U.S. Commission of Fine Arts, is attending the St.…
Despite ongoing work to keep the parasite out of the U.S., the New World screwworm fly was found in a calf near the Mexican border.
Trump's $70 billion immigration bill faces uncertain fate as Senate vote-a-rama tests GOP unity over the DOJ's anti-weaponization fund amendments.
Oil industry executives have reportedly warned the Trump administration that energy prices are likely to spike even more as reserves hurtle closer to a danger point.Gas prices have already risen sharply as a result of the blockade by both the U.S. and Iran on the trade route through which much of the world's oil travels, the Strait of Hormuz.'I hope they are paying attention to inventories right now. You're hitting tank bottom.'According to a Politico report, four executives confirmed that officials of the U.S. energy industry informed the administration that backup oil reserves are being depleted quickly."We're at dangerously low levels already," said an industry executive who requested anonymity. "We have shared those concerns at the highest levels of government about what's coming in mid-to-late June. ... I hope they are paying attention to inventories right now. You're hitting tank bottom."However, a White House official flatly denied the Politico report."Politico's anonymous sources are wrong," the official said.The report was supported by recent public statements from ExxonMobil, Chevron, and other oil companies about depleted oil backup resources.Gas prices have risen on average by an astounding 42.9%, according to statistics from the Automobile Association of America. A gallon of gas cost just under $3 before the war started, reached as high as $4.50, and has settled recently at $4.26.Exxon's senior vice president, Neil Chapman, said at an investor conference that crude oil prices could hit $150 or $160 a barrel once reserves run out."You can debate whether that's going to hit those really low levels in two weeks or three weeks. Once you get to that point, then you'll see prices shoot up," he said.Another oil executive commented to Politico about Chapman's statement."The administration has already been told that," the executive said. "Don't think that an open strait is going to mean your July 4 gasoline bill isn't going to be higher than what it is today. It's going to be."Others expressed surprise that the oil price shock hadn't hit already.RELATED: Gavin Newsom tries to blame gas companies for high gas prices — and gets NUKED by community note The Trump administration points to policy changes it has made to alleviate oil prices, including a waiver to the Jones Act."President Trump and his energy team anticipated short-term market disruptions, communicated them openly to the American people, and implemented an aggressive plan to mitigate any impacts," reads a statement from Taylor Rogers, a White House spokesperson. "President Trump will never allow Iran to possess a nuclear weapon, and he will continue to advance America's core national security interests."Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!
Senate Republicans voted on Thursday morning to defeat an amendment sponsored by Senate Minority Leader Chuck Schumer (D-N.Y.) to prohibit the Justice Department from establishing a $1.776 billion “anti-weaponization” fund for MAGA allies, a proposal that acting Attorney General Todd Blanche told lawmakers this week the administration would abandon. Notably, Sens. Susan Collins (R-Maine), Dan…
John Bolton, who served as national security adviser during President Donald Trump’s first term and later became one of his fiercest critics, has agreed to plead guilty to one count of retaining national security information, two sources familiar with the matter said
