June 9, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Early-year pessimism about the fate of the domestic energy sector remains valid as firms said they expected to cut capital spending, the Federal Reserve Bank of Dallas reported. U.S. President Donald Trump embraced the energy sector during his two, non-consecutive terms in the White House, backing out of the Paris climate deal and scrapping renewable energy programs. Since his return to office, he's created a council of energy dominance meant to exploit the dominant position the United States already has in crude oil and natural gas.
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