Energy Department undersecretary Darío Gil is taking a long-term view of science and technology.
Why it matters: While President Trump's second term has been marked by high-drama fights over AI policy, Gil's been working behind the scenes to strengthen U.S. competitiveness in science and tech.
The 1970s oil-shock playbook needs an update: The inflation costs remain, but the employment risks appear far smaller than they did 50 years ago.
Why it matters: As the Iran war continues, there are early signs of renewed strength in the labor market.
If energy disruptions pose less of a risk to jobs, the challenge for central banks shifts from managing stagflation risks to guarding against renewed price pressures.
With summer driving season here, let's revisit two big questions: why isn't the global oil crisis even worse, and how long until economic damage from the Iran war gets even more acute?
Why it matters: There's persistent risk of much higher prices and expanding shortages.
President Trump plans to announce nearly $700 million in new federal support for coal-fired power and coal exports Thursday, Bloomberg first reported and the White House confirmed to Axios.
Why it matters: Trump officials are looking to revive the electricity source that has long been declining in the U.S., and coal production has also been mostly falling for almost two decades.
