No. of Recommendations: 3
Did not see anything on the wire, other than insuring tankers at US taxpayer expense.
Resorted to the net sifter. Found an interesting nugget at the end.
As of March 2026, the Trump administration is implementing a plan to mitigate rising oil prices caused by Middle East conflicts by increasing domestic production ("drill baby drill"), providing federal insurance/naval escorts for tankers in the Strait of Hormuz, and potentially waiving environmental rules to lower fuel production costs.
Key elements of this strategy include:
Securing Supply Lines: President Trump ordered U.S. naval escorts and political risk insurance for oil tankers in the Persian Gulf to counter surging war-risk premiums.
Boosting Domestic Output: Energy Secretary Chris Wright is managing a program to increase U.S. oil production to offset global shortages.
Regulatory Relief: The administration is considering waiving summer gasoline volatility rules and expanding access to higher-ethanol fuels (E15) to reduce pump prices.
Leveraging "Energy Dominance": Officials believe high domestic production levels allow the U.S. to take aggressive foreign policy actions (e.g., in Iran) without causing massive, sustained price spikes for Americans
Yup. All good for US big oil. Subsidized insurance. Deregulation. Increased production rates, so big oil can profiteer from the war disrupting the production of others.
And the "energy dominance" thing I picked up on at the convention, nearly two years ago.
Steve
