Why energy will have a starring role if Democrats take Congress
Summary
If Democrats win control of either chamber of Congress, they may investigate President Trump's energy policies and investment deals. Potential inquiries could cover dealings with Russia and Venezuela, the Iran war's effect on fuel prices, data center power use, investments involving officials' families, and offshore wind agreements.Key Facts
- Analysts say Democratic oversight could examine whether agencies exceeded their authority and whether deals benefited administration officials' families.
- Democrats say Trump's diesel deal with Moscow may violate a 2022 law barring imports of Russian fuels.
- Democratic inquiries could also examine U.S. banks and ports connected to the Russia-related dealings.
- RBC Capital Markets analysts expect Venezuela to draw congressional inquiries, including questions about oil companies' knowledge of plans to depose Nicolás Maduro.
- The analysts say lawmakers could examine the legality and terms of the Pentagon's 35% stake in North American Blue Energy Partners' corporate parent.
- Senators Sheldon Whitehouse and Elizabeth Warren have questioned major oil and gas companies about profits during the Iran conflict.
- Democrats have been probing data centers' energy use and power costs, as well as administration efforts to develop data centers on federal lands.
- Several congressional panels may investigate Interior Department agreements that pay companies to give up offshore wind leases and redirect investment toward fossil fuels.
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