California Protests Trump’s Offshore Drilling Plan

The Trump administration has proposed to increase the offshore oil drilling in the United States. Environmental activists in California are protesting this proposal by siting potential damage to wildlife and oil spills. According to Reuters, “On Wednesday, California officials sent a formal letter to the Bureau of Ocean Energy Management demanding that the Pacific coast …

Oil Investors Wait As Iran Sanctions Loom

According to Bloomberg Markets, President Trump “plans on sticking with an agreement that suspends American sanctions on Iran in return for limiting its nuclear research, according to two administration officials familiar with the matter.”  He must decide by Friday. But with these possible sanctions hanging over Iran, investors are hesitant to invest in Iranian oil.