Letter from the US: Houston has a problem with Trump’s energy policy

At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger

Chris Wright, the US energy secretary, earned several bursts of applause during his opening speech to the recent CERAWeek by S&P Global energy forum in Texas. The couple of thousand attendees watching his delivery in the plenary hall of the Hilton Americas hotel in downtown Houston loved his denigration of the Biden administration’s “myopic focus on climate change”, his declaration that he was a “climate realist”, and his pledge that “the only interest group we are concerned with is the American people.” As political theatre, it was highly effective and exactly what many of the CERAWeek attendees came to hear. “I really do not think they have thought through the ramifications. It i