WHAT’S HAPPENING TODAY: Good afternoon and happy Wednesday, readers! Callie and Maydeen kick things off today by diving into the Department of Energy’s reported plans to cut funding for hydrogen energy projects in left-leaning states. An executive with a leading industrial gases company involved in the projects revealed to Daily on Energy whether the industry itself is concerned by the potential funding rollbacks.
In other fuel news, the Federal Reserve Bank in Dallas has said oil prices will need to sit at an average of around $65 per barrel for profitable new drilling, despite Trump administration claims that the market could thrive on prices hitting as low as $50. Plus, keep reading to find out where Tesla is looking to expand sales.
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