Mar 10, 2025
Energy Secretary Advocates for Increased Fossil Fuel Production
U.S. Energy Secretary Chris Wright expressed confidence in the U.S. shale industry’s ability to maintain and increase oil production even if prices drop to $50 per barrel, emphasizing the sector’s resilience and efficiency.
During the CERAWeek 2025 energy conference in Houston, Energy Secretary Chris Wright addressed industry leaders, asserting that the U.S. shale sector can sustain and potentially boost oil production even if prices decline to $50 per barrel. Drawing parallels to the 2014 price downturn, Wright highlighted the industry’s capacity for innovation and efficiency improvements. His remarks align with the Trump administration’s agenda to enhance fossil fuel production and achieve energy dominance. However, environmental groups criticized this stance, arguing it overlooks the environmental costs associated with increased fossil fuel consumption and the pressing need to address climate change. Read more.
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Jun 5, 2025
Renewable Energy Investors Receive Mixed Signals In The U.S.
In early 2025, U.S. clean energy investments faced significant setbacks, with $8 billion in projects canceled amid policy uncertainties and shifting federal priorities.
U.S. Utility-Scale Solar Installations Drop 30% in Q1 2025 Amid Policy Uncertainty
In the first quarter of 2025, the U.S. installed 4.4 GW of utility-scale solar power, marking a 30% decrease from the previous year’s record, as policy uncertainties and market challenges impact the renewable energy sector.