Yesterday was the deadline for companies to submit bids for Trump's "physically imposing" yet "aesthetically pleasing" border wall between the U.S. and Mexico. And while the U.S. government has said they won't disclose bids, rather just the names of companies actually awarded contracts on June 1st, some of the companies decided to disclose their plans themselves. Here are a couple of our faves...
Few appear to have been prepared for the aftermath of the Westinghouse Electric bankruptcy, which has set off a showdown between Toshiba and a major U.S. utility, has left the fate of four half-finished nuclear reactors and is threatening to drive a wedge between the US and Japanese governments over the fate of industries each considers vital.
According to a report from The Hill this morning, President-elect Trump's transition team is already working with career staff at the White House on plans to slash federal spending with significant cuts expected to the budgets of the Department of Commerce, Energy, Transportation, Justice and State, among others, totaling $10.5 trillion over 10 years.
Oil prices have risen over 20% since the OPEC production cut agreement at the end of November. While concerns abound on quota cheating and increased production from Libya, Nigeria and US shale, the incoming US administration could change the market completely through strategic oil sales and new import taxes.
The US will offer to sell some 8 million barrels from the petroleum reserve. According to the notice of sale, the Energy Department is accepting bids on sweet crude oil until 2pm CT Jan. 17. The contracts will then awarded by the end of January, with early deliveries expected in February and other deliveries in March, April.
Even with the recovery in conventional oil and gas looking positive in 2017, the lack of major capital investment in oil sands that has become the norm in the past decade will be painful with no relief in sight.
"Our enemies are using foreign propaganda and disinformation against us and our allies, and so far the U.S. government has been asleep at the wheel. But today... with this bill now law, we are finally signaling that enough is enough; the United States will no longer sit on the sidelines. We are going to confront this threat head-on." - Sen. Rob Portman.
It looks like the president-elect is beginning to assemble a team to deliver on at least part of his campaign promises of 'An America First Energy Plan'. But Trump’s promised rise of oil and gas production over the years could have several consequences...