Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Photo: Yasin Ozturk/Anadolu Agency via Getty Images

President Trump talked up the U.S. energy boom and sought to make it into a political asset during Tuesday night's State of the Union.

Why it matters: Energy has been prominent in the 2020 White House race.

  • Bernie Sanders and Elizabeth Warren want to ban fracking, which would greatly curtail production. But while they could exert considerable sway over federal lands, a national ban would require very long-shot legislation.
  • Joe Biden and Pete Buttigieg would impose major new constraints on energy development but have not proposed such sweeping bans.

What Trump said:

"Thanks to our bold regulatory reduction campaign, the United States has become the number one producer of oil and natural gas anywhere in the world, by far. With the tremendous progress we have made over the past three years, America is now energy independent, and energy jobs, like so many other elements of our country, are at a record high."

Reality check: The U.S. oil and gas production surge began well over a decade ago and has continued under Trump. Crude oil production surpassed its 1970 peak around late 2017, remarkably grew by roughly 2 million barrels per day in 2018, and kept going.

  • The U.S. became the world's largest gas producer around 2009, and overtook Russia and Saudi Arabia to become the largest crude producer about two years ago.
  • While the country has recently started becoming a net exporter of oil and petroleum products combined, "energy independence" is not accurate. The U.S. still imports several million barrels of crude per day.
  • The country's rise stems most directly from advances in hydraulic fracturing and drilling techniques that have unlocked shale resources, and market forces — not regulatory changes.

Worth noting: The words "climate change" never appeared in the speech, though Trump did reiterate that the U.S. is joining the global "one trillion trees" initiative launched at the World Economic Forum last month.

  • There's no major election-year pivot from the White House climate posture in the offing.
  • At the same time, it comes as House Republicans are promoting planting trees as one of their climate policies, while rejecting Democratic calls for mandatory emissions curbs and fossil fuel restrictions.

Reality check: Via the New York Times' SOTU coverage...

  • "But just how much all these trees will help is disputed. According to a report last year by the National Academies of Sciences, Engineering and Medicine, the United States produced about 5.8 billion tons of emissions in 2019."
  • "Getting that much carbon out of the atmosphere with trees alone would require planting on about 371 million acres — about four times the area of California."

Go deeper: Key takeaways from Trump's State of the Union address

Go deeper

3 hours ago - World

Hong Kong police arrest 6 people after Stand News raid

Patrick Lam, acting editor-in-chief of Stand News (C), is escorted by officers with the Hong Kong Police Force's national security department during a raid of the media outlet's offices in Hong Kong on Wednesday. Photo: Paul Yeung/Bloomberg via Getty Images

Hong Kong police said Wednesday they arrested six people at Stand News for "conspiracy to publish seditious publications" after over 200 national security officers raided the online pro-democracy news outlet.

Why it matters: It's the latest blow to free speech, independent journalism and the democracy movement in Hong Kong since China's government passed a draconian national security law last year, which has encroached on the autonomy that had seen it flourish as a global financial hub.

Updated 5 hours ago - Politics & Policy

Former Senate Majority Leader Harry Reid dies at 82

Photo: Andrew Harrer/Bloomberg via Getty Images

Former Senate Majority Leader Harry Reid (D-Nevada) died at 82 Tuesday "following a courageous, four-year battle with pancreatic cancer," his wife, Landra Reid announced.

The big picture: The influential politician was Senate majority leader from 2007 to 2015, and served in Congress for more than three decades. Both President Biden and former President Obama said Reid was a "great" Senate leader.

Updated 5 hours ago - Sports

NFL legend John Madden dies at 85

John Madden. Photo: Thearon W. Henderson/Getty Images

John Madden, the legendary football coach and broadcaster, died unexpectedly on Tuesday morning, the NFL announced. He was 85.

The big picture: Madden was a Super Bowl-winning coach, renowned football analyst for CBS, FOX, ABC and NBC and the face of Madden NFL, a video game series that he endorsed and helped create.