Washington, March 14 (IANS) The United States announced up to $500 million in funding to expand domestic processing of critical minerals and strengthen the battery supply chain that supports industries ranging from defense to transportation and energy.The US Department of Energy (DOE) said the funding opportunity aims to expand critical mineral processing, battery manufacturing, and recycling capacity in the country as Washington seeks to reduce reliance on foreign supply chains for key material…
Latest Chris Wright News & Updates
Washington, March 14 (IANS) US Vice President JD Vance defended President Donald Trump’s military action against Iran and the administration’s economic policies during remarks in North Carolina, saying the government is working to keep Americans safe while strengthening the country’s economy.Speaking in Rocky Mount, North Carolina, Vance said the Trump administration’s military operation is aimed at ensuring that Iran never develops nuclear weapons.“You all know that right now we are e…
Washington, March 13 (IANS) The world is facing a “significant disruption in the short term” to secure global energy flows in the long run, US Energy Secretary Chris Wright said, defending Washington’s decision to release oil reserves amid the war involving Iran.“We’re in the midst of a significant disruption in the short term to fix the security of energy flow for the long term,” Wright said in an interview with CNN.The United States has announced plans to release about 172 million …
Washington, March 12 (IANS) US Energy Secretary Chris Wright said energy markets could face short-term disruption as the conflict involving Iran affects oil flows, but insisted the impact would likely be temporary and that military operations would eventually stabilise global energy supplies.Speaking in separate television interviews — Fox News and News Nation — Wright on Wednesday (local time) said the United States and its partners were releasing strategic petroleum reserves while the US m…
Washington, March 12 (IANS) The United States will release 172 million barrels of oil from its Strategic Petroleum Reserve over the next four months, part of a coordinated international effort by major economies to stabilise energy markets as conflict in the Middle East pushes global prices higher.The announcement came from the US Department of Energy after 32 member nations of the International Energy Agency agreed to release a combined 400 million barrels of oil and refined products from natio…
Washington, March 8 (IANS) US Energy Secretary Chris Wright said on Sunday that more than 100 million barrels of Russian crude are currently floating at sea waiting to be delivered to China, a backlog the US believes could temporarily ease global energy market disruptions if redirected to other refineries. “There’s more than 100 million barrels of floating Russian crude waiting in line to deliver to China,” Wright said in an interview with CBS News.”That’s going to be sold, it’s going to be refi…
Washington, March 6 (IANS) The United States has “reached out to India” to purchase Russian oil currently sitting in floating storage in southern Asia as part of a short-term effort to ease pressure on global oil markets, US Energy Secretary Chris Wright said in an interview with ABC News.The temporary measure, he said, is designed to quickly move stored crude into refineries and prevent oil prices from rising as supply routes face pressure linked to shipping constraints around the Strait of…
Washington, March 5 (IANS) President Donald Trump has unveiled a new initiative aimed at powering the rapid expansion of artificial intelligence in the United States while preventing electricity costs from rising for households, bringing together some of the world’s largest technology companies in what the White House called a “Ratepayer Protection Pledge.”Speaking at a White House roundtable with executives from major tech firms on Wednesday (local time), Trump said the agreement would al…
Washington, Feb 16 (IANS) The US military airlifted a miniature nuclear reactor for the first time, marking a significant step in President Donald Trump’s push to expand nuclear power and bolster military base energy security.Three C-17 transport planes carried components of the Valar Atomics Ward 250 unfueled nuclear reactor from March Air Reserve Base in California to Hill Air Force Base in Utah. The reactor will eventually move to the Utah San Rafael Energy Lab for testing and evaluation.Th…
Washington, Jan 30 (IANS) Industry Minister Kim Jung-kwan said that he and US Commerce Secretary Howard Lutnick concluded the first day of their talks over renewed tariff tension between the two countries without an agreement but they agreed to meet again the next day.Kim and Lutnick held the meeting in Washington, three days after Trump threatened to increase reciprocal tariffs and auto, lumber and pharmaceutical duties on South Korea to 25 per cent from 15 per cent, citing a delay in Seoul’s l…