The US risks forfeiting a global competition to dominate artificial intelligence if it doesn’t build more reliable, always-on electricity to supply the industry, President-elect Donald Trump’s pick to lead the Interior Department warned Thursday.
The predictions come from Wood Mackenzie, which listed in a recent article a total of five factors affecting the natural gas market in the United States this winter. Control of supply is at the top of the list as natural gas producers respond to persistently low market prices for their commodity. Natural gas prices have been depressed for over a year, and earlier in 2024, producers had enough of that and started delaying well-drilling plans.
Wright, who advocates for “better human lives by expanding access to abundant, affordable, and reliable energy,” does not have political experience, but is being endorsed by his peer executives to be the next U.S. Secretary of Energy.
A statement posted on the U.S. Office of Cybersecurity, Energy Security, and Emergency Response’s (CESER) website late Monday noted that the U.S. Department of Energy’s (DOE) Office of Petroleum Reserve announced a supplemental solicitation for up to three million barrels of oil for delivery in January 2024.