Daily on Energy: Oil plunges, House GOP aims at California’s auto rules, and DOE finds sites for data centers
Good afternoon and happy Thursday, readers! In today’s Daily on Energy, Callie and Maydeen take a look at the drop in the ...
Oil plummets as OPEC announces higher output hikes than expected
OPEC+’s announcement comes just one day after President Donald Trump announced sweeping tariffs on dozens of countries.
Trump escapes to Florida after setting world economy on fire
President Donald Trump is heading to the LIV Golf dinner in Florida after announcing reciprocal tariffs that have rocked the global economy.
Pentagon inspector general launches investigation into Hegseth’s Signal group chat use
Acting DOD Inspector General Steven Stebbins notified Defense Secretary Pete Hegseth and Deputy Secretary of Defense Stephen Feinberg that an investigation was being initiated.
Opinion
Trump’s tariffs will take time to take hold
There will likely be short-term fluctuations in the market after Trump's tariff announcement, but it will take time to see the full effects of the new policy.
Vance urges patience with tariffs and economy: ‘We’re not going to fix things overnight’
Vice President JD Vance said Trump's reciprocal tariffs were a "needed a big change" and also urged patience on the administration’s efforts to lower prices.
John Kennedy compares tariffs to whiskey and bets ‘every foreign trade rep’ will negotiate
President Donald Trump imposed 10% tariffs on Mexico, Canada, China, and dozens more countries, as well as a 25% tariff on foreign automobiles.
Egg prices fall as consumers see ‘fully stocked shelves’ again
Egg prices fell by more than 50% from the 10-year high in February to late March as the United States imported hundreds of millions of eggs.