The conventional wisdom aboutU.S. coal's grim prognosis is a tad murkier after President Trump threw unprecedented government weight behind the fuel.
Why it matters: His plan will test whether forces long battering coal — cheap gas, pollution regs, renewables' rise and more — can be undone by rising power demand and federal intervention.
The Trump administration is pulling nearly $4 million in funding from Princeton University, the U.S. Department of Commerce announced Tuesday.
The big picture: The cuts come days after the administration already paused dozens of Princeton's research grants following similar federal funding reviews or revocations at other Ivy League schools like Columbia and Harvard.
President Trump signed executive orders Tuesday that use Energy Department emergency authorities and a wartime law to boost the sagging coal industry.
Why it matters: The White House is seeking to lean on coal-fired power —which has been in a steady decline in the U.S. over the last 15 years — to feed rising energy demand driven by artificial intelligence.
President Trump's social mediacelebration of falling oil prices highlights how — intentionally or not — his policies favor lowering fuel costs over boosting output. For now, anyway.