Oil’s Houston Homecoming Overshadowed by Trade War, Price Drop

Oil executives gathering in Houston this week learned the hard way that US President Donald Trump’s pro-fossil fuel agenda comes with a catch: lower prices.

The CERAWeek by S&P Global conference in the oil capital of the Western Hemisphere was supposed to be a celebratory homecoming for the new administration. In his post-appearance briefing with Trump in the Oval Office, Energy Secretary Chris Wright said attendees were “elated” at the prospect of reversing Joe Biden’s “destructive” climate policies. Interior Secretary Doug Burgum said spirits were “through the roof” with the new focus on growing America’s resource wealth.