Tuesday, October 7, 2025
U.S. Energy Chief calls net zero a “Colossal Train Wreck”- oil and gas 360

U.S. Energy Chief calls net zero a “Colossal Train Wreck”

(Oil Price) – U.S. Energy Secretary Chris Wright blasted net-zero targets as a “colossal train wreck” ahead of his trip to Europe for a gas summit and meetings with EU officials, warning the push for climate policies could weaken energy security and derail a U.S.–EU trade deal. “Net zero 2050 is just a colossal train wreck,” Wright told the Financial Times

Oil rises 2% on US-EU trade deal, Trump’s shorter deadline for Russia- oil and gas 360

Oil rises 2% on US-EU trade deal, Trump’s shorter deadline for Russia

(Investing) – NEW YORK -Oil prices rose 2% on Monday after a trade deal between the U.S. and the European Union, and U.S. President Donald Trump’s announcement that he would shorten the deadline for Russia to end its war in Ukraine or face sanctions. Brent crude futures were up $1.36, or 2%, at $69.80 a barrel by 10:58 a.m. EDT (1458 GMT),