Domestic oil production was initially slow to ramp up in tandem with the recovering economy, pushing up gasoline prices. Then on Feb. 24, 2022,Russia invaded Ukraineand energy and food prices shot up further as Biden tapped the strategic petroleum reserve for the second time ...
President Trump’sexecutive orderto increase domestic critical mineral production has been interpreted as a pro-industry move or a nod to traditional energy sectors. It is both — but more importantly, it is a long overdue national security play. In the modern geopolitical...
Japan Eyes Tax Break for Domestic EV Battery, Chip Production - Nikkei More Reuters FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo TOKYO (...
President Jimmy Carter had an average annual GDP growth rate of 2.8%. Stagflation continued into Carter’s term, and was made worse by an energy crisis that led to soaring gas prices and shortages. Carter deregulated oil prices to stimulate domestic production and also deregulated the airline and...
In terms of the energy system, it would be a great shame to switch from a dependence on foreign oil to a dependence on foreign batteries. What could China do to the global economy if the research and manufacturing of lithium batteries remains 75% located in China? America First? The Trump...
In the short term, domestic production will not come out at once, and the whole electronic industry will be hit. China imports chips of US $600 billion and crude oil of US $10 billion every year, and we spend far more money on chips than chips." Li Daokui said Wang Yiming, member...
The price of oil has been falling amid a global trade war set off by President Donald Trump. Tim SmartApril 11, 2025 Trump’s Escalating Retribution Campaign The president’s latest executive memorandum calls for, among other things, a criminal probe of a former administration official who...