From Investing.com: 2025-01-07 11:34:00

President Trump is set to revive the “Hemispheric Energy” Dream, with Canada aiming to double oil production and increase exports. Plans are in place to boost pipeline capacity to meet demand, potentially leading to more projects and job creation. Meanwhile, Trump plans to reverse Biden’s offshore drilling ban, facing obstacles due to existing laws. Additionally, concerns arise over the Biden administration’s push towards a natural gas stove ban, prompting Trump to consider protecting gas-powered appliances. Oil prices surge amid bullish fundamentals, while natural gas prices rise in the US and Europe due to cold weather. Cold air is expected to persist across 40 states in the US for the next two weeks.



Read more at Investing.com: The Energy Report: Hemispheric Blowback