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Top Oil Traders Turn Bearish on Prices, Seeing Global Oversupply

(Bloomberg) -- The mood at Houston’s big annual oil and gas get-together has been upbeat on the prospects for the industry under a fossil fuel-friendly Trump administration. But there’s a significant catch: some of the biggest oil traders are getting more bearish on the outlook for crude prices. Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philant

US Interior Chief Pitches Resources on Federal Lands as Assets Worth Trillions

(Bloomberg) -- Donald Trump’s Interior Secretary is making the case that the oil, gas and minerals in the vast federal lands and waters he is charged with overseeing should be viewed as part of “America’s balance sheet” worth trillions of dollars. Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsNYC Congestion Pricing Toll Gains Support Among City ResidentsElectric Construction Equipment Promises a Quiet RevolutionOpen Philanthropy Launches $120 Million Fund To Support YIMBY