Trump's fuel fight
The administration wants to roll back proposed fuel efficiency standards, but rising consumption would mean fewer barrels available for export
The next major front in the Trump administration's fight to dismantle Obama-era environmental regulations will be to try to ease fuel-economy restrictions due to go into effect in 2022. In early April, the Environmental Protection Agency (EPA) said the target set by the Obama administration, which would've roughly doubled car efficiency standards to an average of around 54.5 miles per gallon by 2025, was too stringent and was moving to make changes. Car manufacturers had once supported the measures, but more recently lobbied the Trump presidency to make changes, on the grounds that they would be too costly. But they still fall short of standards in place in Europe and other parts of the worl
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
