The U.S. will put together a $12 billion minerals stockpile, President Trump announced in the Oval Office on Monday. The stockpile is expected to involve rare earth elements, other minerals that the government considers “critical” and additional materials whose prices may fluctuate. The project is set to include a $10 billion loan from the Export-Import Bank...
The U.S. is lifting some sanctions on Venezuelan oil, seeking to allow American firms to trade and sell more oil that is produced there. The move comes as the administration has said it will sell Venezuelan oil following its capture of leader Nicolás Maduro. Previously, two commodities traders, Trafigura and Vitol, were given permission to help facilitate the...
NASHVILLE (AP) — Frustrations were bubbling up Friday for the tens of thousands who have been without power for nearly a week in the U.S. South as a new storm looms, including Tennessee's residents in Nashville, where the utility was criticized for storm preparations and recovery. Terry Miles, a 59-year-old construction worker whose home has...
President Trump and major tech companies are attempting to change the narrative around data centers, as rising electricity costs linked to AI infrastructure faces growing local opposition and increasingly become a political liability. Both the White House and tech industry appear keen to limit the fallout from data centers, with initiatives to bring down electricity...
Washington Mayor Muriel Bowser (D) said Wednesday the city has resorted to piling snow at Robert F. Kennedy Stadium amid growing frustration over the slow response to the storm. “Ice and snow are not melting—so crews are hauling them to the RFK site,” Bowser wrote on the social platform X, including a photo of a...
The outlook for electric grid reliability in North America is worsening, as demand may outpace supply in the years ahead, according to a key watchdog. In its annual Long-Term Reliability Assessment, the North American Electric Reliability Corporation (NERC) warned that demand from new data centers and other large loads is expected to outpace energy supply...
The Trump administration is moving to limit obligations on certain upwind states to cut smog pollution from their power plants that can flow to downwind states. The Environmental Protection Agency (EPA) on Wednesday proposed "Phase 1” of its rollback of the Biden-era “Good Neighbor” plan. The Good Neighbor regulations broadly seek to prevent pollution in...
Sen. Rand Paul (R-Ky.) on Wednesday criticized Secretary of State Marco Rubio’s assertion that the U.S.'s capture of Venezuelan leader Nicolás Maduro was not an act of war. During testimony in front of the Senate Foreign Relations Committee, Rubio reiterated the Trump administration’s position that the mission to capture Maduro and his wife, Cilia Flores,...
Secretary of State Marco Rubio said Wednesday that oil companies were not tipped off ahead of the Trump administration’s incursion into Venezuela, appearing to contradict past statements from President Trump. “The oil executives were not involved whatsoever in any of the planning on this matter,” Rubio said during a Senate hearing. “All of those executives learned about...
Secretary of State Marco Rubio on Wednesday urged patience on U.S. efforts to rehabilitate Venezuela’s oil industry and eventually return the country to democratic governance. The secretary’s remarks came during a hearing of the Senate Foreign Relations Committee, Rubio’s first appearance before lawmakers since the Trump administration’s audacious operation that resulted in the capture of...
