At a campaign event in Corpus Christi, Texas, President Donald Trump again toutedVenezuelan oil over U.S. oil. 

He also reiterated his campaign pledge that he would “unleash American energy” and U.S. companies would “drill, baby, drill” to extract more oil and gas. “Man, are we drilling now,” he said.  

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Reporting Highlights

●  Corporate Firewall:The oil deal is designed to prevent future U.S. presidents and Venezuelan leaders from changing or dismantling the enterprise.

●  Hidden Investors:Some of the Trump administration’s partners could remain anonymous, hidden behind a parent company based in Barbados.

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Building a nuclear power plant is one of the world’s most complex construction projects. It requires thousands of trucks to ship parts, often to remote regions, where huge teams of skilled workers like electricians and welders come together to assemble everything over many years.

Financing such projects is difficult, in part because no one wants to risk loaning money to a project that might never generate power and revenue, whether that’s due to technical failures, the inability to recruit enough talent, or regulatory hurdles.

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On the first day of his second term, President Donald Trump declared that the United States was experiencing a “national energy emergency.” The “harmful and shortsighted policies of the previous administration,” he wrote in an executive order, had left the nation’s energy resources “far too inadequate,” a situation that “causes and makes worse the high energy prices that devastate Americans.” Since then, Trump has attempted to use the emergency declaration to speed up

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This coverage is made possible through a partnership between Grist and Verite News, a nonprofit news organization with a mission to produce in-depth journalism in underserved communities in the New Orleans area. ​​​

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When supporters of the Trump administration say that oil shipping through the Gulf is “back to normal,” they are referring to a visible and easily quantifiable measure: the number of barrels moving through the Strait of Hormuz.

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Exxon Mobil’s offshore discovery transformed Guyana with a speed almost without parallel in modern development. A country of roughly one million people, long poor despite abundant natural resources, has become the world’s fastest-growing economy and now produces close to 1 percent of global oil output. Its crude has helped Europe reduce dependence on Russian supply and has found buyers in Asia as well.

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Beneath the Rocky Mountains, the Sierra Nevada, and the deserts in between, lies a massive energy source — and it isn’t a fossil fuel. The smashing and separating of tectonic plates that produced many of the West’s most dramatic landscapes have also allowed heat from the planet’s core to rise nearly to the surface. Now, an explosion of new geothermal energy companies wants to drill into the Earth and capture that heat for clean electricity. These companies have new technologies to better reach the heat, and a massive new customer base: energy-hungry data centers.

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An eight-state coalition filed lawsuits Tuesday challenging the Trump administration’s payments to private companies to cancel offshore wind leases, escalating an ongoing legal battle over the government spending billions of dollars to block wind projects. 

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Guyana has entered the second half of 2026 with two important developments unfolding at once: an economy still expanding at a pace almost without modern parallel, and a long-running territorial conflict with Venezuela approaching what Georgetown hopes will be a definitive legal resolution. The first reflects the transformative force of offshore oil. The second concerns the security, territorial integrity, and political stability of the country that oil wealth is remaking.

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The Department of Energy overstepped when it ordered an aging coal-fired power plant in Michigan to stay open past its planned retirement date last year, a federal court ruled on Friday. 

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As much as 15.2 terawatt-hours of electricity could be generated annually at non-powered dams — enough to supply more than 1.4 million homes, according to an updated assessment of hydropower technical potential across the nation compiled by researchers at the Department of Energy’s (DOE) Oak Ridge National Laboratory (ORNL) and Idaho National Laboratory (INL).

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