• 5 minutes Drone attacks cause fire at two Saudi Aramco facilities, blaze now under control
  • 8 minutes China Faces Economic Collapse
  • 12 minutes Oil Production Growth In U.S. Grinds To A Halt
  • 14 minutes Iran in the world market
  • 17 minutes Ethanol, the Perfect Home Remedy for A Saudi Oil Fever
  • 2 hours Experts review drone damage . Say Saudis need to do a lot of explaining.
  • 6 mins Saudis Confirm a Cruise Missile from Iranian Origin
  • 14 hours Yawn... Parliament Poised to Force Brexit Delay Until Jan. 31
  • 14 hours Collateral Damage: Saudi Disruption Leaves Canada's Biggest Refinery Vulnerable
  • 10 hours USA Wants Iran War -- Shooty Shooty More
  • 11 hours The Spy Money: U.S. Wants To Seize All Money Edward Snowden Makes From New Book
  • 3 hours Aramco Production
  • 3 mins Let's shut down dissent like The Conversation in Australia
  • 17 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 7 hours Trump Will Win In 2020 And Beyond..?
  • 8 hours The Belt & Road Initiative: A Wolf in Sheep's Clothing?
Alt Text

European Carmakers Face Perfect Storm

Much stricter emission caps, high…

Alt Text

Oil Prices Must Drop Sharply To Compete With EVs

The long-term breakeven oil price needs to…

Alt Text

Big Oil To Seal Record Number Of Green Energy Deals In 2019

The world’s biggest oil companies…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

White House Prepares Severe Blow To The Renewables Industry

The Trump administration may be preparing a very bad surprise for the renewable energy industry and environmentalists with a proposal to cut funding for clean energy and energy efficiency research by as much as 72 percent in fiscal 2019.

That’s according to draft budget documents seen by the Washington Post, which notes that most of these cuts—if they ever reach Congress—will be restored by legislators, but the very fact of their existence in a draft budget is one more indication that the current administration is dedicated to the fossil fuel industry’s well-being, as made evident time and again.

The Washington Post notes that the proposed cuts are deeper than those Washington proposed for the current fiscal year, and deeper than those the Energy Department said it could live with. Yet nothing is final; even the budget for this year has not been approved and federal agencies are operating on a string of continuing resolutions, the last of which expires next week.

If the current fiscal year is any indication, the proposed cuts will remain on paper only. Last year, the administration proposed that funding for the Energy Department’s renewable energy and energy efficiency programs should be US$636.1 million, which would have constituted a 66-percent cut from the previous year. Congress refused to play along, and the Office of Renewable Energy and Energy Efficiency was given a budget of US$2.04 billion. Related: China, U.S. Join Forces In EV Race

The Washington Post approached the White House for a comment on the leaked documents and received the following: “We don’t comment on any leaked or pre-decisional documents prior to the release of the official budget.”

The official budget is due to be announced later this month, but the Washington Post quoted an unnamed source as saying that the budget request had been lowered after negotiations with the Office of Management and Budget so that more money would go into nuclear energy—a sector that Energy Secretary Rick Perry favors, the daily reports.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment
  • Eulenspiegel on February 01 2018 said:
    Very good for the rest of the world - so chinese and european companies can take over this future market completly.

    USA last.

    Everyone is investing in wind and solar today, even countries like VSA, Saudi Arabia, India, african countries invest billions of $. They aren't very green - they simply see the future.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play