In the run-up to President-Elect Donald Trump’s January 20, 2025, inauguration, energy markets have already begun to adjust to the new administration’s new economic policies. The incoming team’s support for the oil, gas, and nuclear industries reflects a re-evaluation of renewables stemming partly from a global shift towards energy security and reliability to hedge against the effects of the U.S.-China competition. This comes at a time when companies and states alike are seeking to secure more and cheaper energy than ever in anticipation of drastic increases in consumption for AI processing and/or higher levels of economic activity.
Read the full article here