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The issue

President Trump and his top advisers will be taking credit for America's boom in oil and natural gas as part of this White House-themed Energy Week. "For years, Washington stood in the way of our energy dominance," Energy Secretary Rick Perry said Monday, "and that changes now."

The facts

The big rise in oil and natural gas production occurred mostly regardless of — not despite — Obama. His administration did issue rules the oil and gas industry said were onerous, but they weren't nearly as restrictive as many Democrats had wanted. The Energy Department under Obama also streamlined the process for exporting liquefied natural gas, which encouraged more natural-gas production.

America's oil and gas boom has been fueled mostly by private-sector applications of two extraction technologies since 2007: hydraulic fracturing and horizontal drilling. Federal research and development money over the decades from Democratic and Republican administrations alike also helped. Trump's budget proposes slashing funding for the Energy Department's office of fossil energy, which in the past has helped fund extraction technologies.

Why it matters

There aren't many policy levers the Trump administration can pull that would make America a bigger oil and gas producer than it already is, especially in the short-term, because the trend is fueled by market and technology developments, not policy. That's something to keep in mind amid the bullish rhetoric coming out of the Trump White House this week. Longer term policies, like opening up drilling access to federal waters and lands, could have an impact if prices stay high enough — another reminder of the market's overriding influence.

Go deeper

3 hours ago - Politics & Policy

Kellyanne Conway's parting power pointers

Kellyanne Conway addresses the 2020 Republican National Convention. Photo: Nicholas Kamm/AFP via Getty Images

Kellyanne Conway has seen power exercised as a pollster, campaign manager and senior counselor to President Trump. Now that his term in office has concluded, she shared her thoughts with Axios.

Why it matters: If there's a currency in this town, it's power, so we've asked several former Washington power brokers to share their best advice as a new administration and new Congress settle in.

3 hours ago - Politics & Policy

GOP holdouts press on with plans to crush Cheney

Screenshot of emails to a member of Congress from individuals who signed an Americans for Limited Government petition against Rep. Liz Cheney. Photo obtained by Axios

Pro-Trump holdouts in the House are forging ahead with an uphill campaign to oust Rep. Liz Cheney as head of the chamber's Republican caucus even though Minority Leader Kevin McCarthy told them to back down.

Why it matters: What happens next will be a test of McCarthy's party control and the sincerity of his opposition to the movement. Cheney (R-Wyo.) is seen as a potential leadership rival to the California Republican.

Democrats aim to punish House GOP for Capitol riot

Speaker Nancy Pelosi passes through a newly installed metal detector at the House floor entrance Thursday. Photo: Drew Angerer/Getty Images

House Democrats plan to take advantage of corporate efforts to cut funding for Republicans who opposed certifying the 2020 election results, with a plan to target vulnerable members in the pivotal 2022 midterms for their role in the Jan. 6 violence.

Why it matters: It's unclear whether the Democrats' strategy will manifest itself in ads or earned media in the targeted races or just be a stunt to raise money for themselves. But the Capitol violence will be central to the party's messaging as it seeks to maintain its narrow majorities in Congress.