The Energy Information Administration forecast that oil prices will dip below $60 per barrel this year, putting the Trump administration’s “Drill, Baby, Drill” goals further out of reach.
In its August Short-Term Energy Outlook released Tuesday, the statistical agency said it is expecting a “significant decline” in oil prices through 2025 and 2026 as global supply continues to outpace demand.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.
