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Daily Caller

‘Drill, Baby, Drill’ Or $50 Oil — Trump Can’t Have Both

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From the Daily Caller News Foundation

By David Blackmon

President Donald Trump has often made clear his goal of cutting prices for energy as part of his overall agenda to break the back of chronic inflation left behind by the Biden presidency. When talking about this goal, the president has placed special emphasis on lowering the price of crude oil, given its integral relationship to gas prices at the pump and transportation-related costs which go into the price of food, clothing and other consumer goods. 

“A very big thing that I’m very happy with is oil is down,” Trump said in remarks in the Oval Office on Wednesday. “We’re getting that down. When energy comes down, prices are going to be coming down with it. So, in a very short period of time, we’ve done a very good job.” 

White House advisor Peter Navarro has been quoted by The New York Times and other media outlets as saying that an average oil price of $50 per barrel would help tame inflation and set the stage for a return to a healthier economy. If that is indeed the goal, this week’s confluence of events, featuring a bigger-than-expected increase in oil production quotas from the OPEC+ oil cartel preceded less than 24 hours earlier by the president’s announced reciprocal tariffs on a wide array of countries went a long way to doing the trick. 

Just prior to Trump’s tariff announcement Wednesday afternoon, the price for West Texas Intermediate crude stood at $70/bbl. Less than 48 hours later, the price had fallen below $61, a drop of about 15%. It was the largest 2-day decline in crude prices since 2021. How much of the price decrease is due to the tariffs as opposed to the OPEC+ agreement to pour another 137,000 barrels per day onto the international market is hard to know, but there is no doubt both actions had an impact.  

As I’ve noted previously, this action to force lower prices for oil and natural gas lies directly at odds with the concurrent Trump “drill, baby, drill” objective which he sees as a key part of his American Energy Dominance agenda. The White House gave a nod to the oil refining segment in the Wednesday tariff announcement by exempting energy imports, another action at least in part aimed at lowering prices for gasoline and diesel fuel.  

But that nod to the downstream segment does little for upstream companies who have seen supply chain muck-ups and Biden-era inflation raise break-even prices above Friday’s levels. The Q1 2025 Energy Survey Report published March 26 by the Dallas Federal Reserve estimates that drillers in the Permian Basin require a $61 oil price just to break even on drilling new shale wells. The needed breakeven price rises higher in other, less prolific basins. CNN quoted independent oil analyst Andy Lipow as saying that many upstream companies require prices closer to Monday’s $71/bbl level for new shale wells. It almost goes without saying that operators will have little incentive to “drill, baby, drill” if they stand to lose money doing it. 

In an interview with Fox Business host Stu Varney on Tuesday, Energy Secretary Chris Wright, himself a former oil industry executive, said, “If your state has expensive energy, it’s because of choices made by politicians in those states to virtue signal somehow they’re on some global mission. They’re going to solve climate change by making your utility bills more expensive and your businesses want to relocate out of the states. That’s just nonsense.” He added that Trump was pursuing energy policies based on common sense, saying, “common sense will deliver more investment in our country and lower energy prices.” 

No doubt, few executives in the industry would agree that a pursuit of $50 oil prices has anything to do with common sense for their companies. If prices should drop that far and linger there for any length of time, layoffs and idled drilling rigs will become the prevailing topic of the day in oil and gas.  

So, while the White House might continue touting its “drill, baby, drill” slogan for the time being, we won’t hear it echoing through the barbecue and Tex-Mex joints in Midland, Texas, for the time being. 

David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.

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Ted Cruz, Jim Jordan Ramp Up Pressure On Google Parent Company To Deal With ‘Censorship’

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From the Daily Caller News Foundation

By Andi Shae Napier

Republican Texas Sen. Ted Cruz and Republican Ohio Rep. Jim Jordan are turning their attention to Google over concerns that the tech giant is censoring users and infringing on Americans’ free speech rights.

Google’s parent company Alphabet, which also owns YouTube, appears to be the GOP’s next Big Tech target. Lawmakers seem to be turning their attention to Alphabet after Mark Zuckerberg’s Meta ended its controversial fact-checking program in favor of a Community Notes system similar to the one used by Elon Musk’s X.

Cruz recently informed reporters of his and fellow senators’ plans to protect free speech. 

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“Stopping online censorship is a major priority for the Commerce Committee,” Cruz said, as reported by Politico. “And we are going to utilize every point of leverage we have to protect free speech online.”

Following his meeting with Alphabet CEO Sundar Pichai last month, Cruz told the outlet, “Big Tech censorship was the single most important topic.”

Jordan, Chairman of the House Judiciary Committee, sent subpoenas to Alphabet and other tech giants such as RumbleTikTok and Apple in February regarding “compliance with foreign censorship laws, regulations, judicial orders, or other government-initiated efforts” with the intent to discover how foreign governments, or the Biden administration, have limited Americans’ access to free speech.

“Throughout the previous Congress, the Committee expressed concern over YouTube’s censorship of conservatives and political speech,” Jordan wrote in a letter to Pichai in March. “To develop effective legislation, such as the possible enactment of new statutory limits on the executive branch’s ability to work with Big Tech to restrict the circulation of content and deplatform users, the Committee must first understand how and to what extent the executive branch coerced and colluded with companies and other intermediaries to censor speech.”

Jordan subpoenaed tech CEOs in 2023 as well, including Satya Nadella of Microsoft, Tim Cook of Apple and Pichai, among others.

Despite the recent action against the tech giant, the battle stretches back to President Donald Trump’s first administration. Cruz began his investigation of Google in 2019 when he questioned Karan Bhatia, the company’s Vice President for Government Affairs & Public Policy at the time, in a Senate Judiciary Committee hearing. Cruz brought forth a presentation suggesting tech companies, including Google, were straying from free speech and leaning towards censorship.

Even during Congress’ recess, pressure on Google continues to mount as a federal court ruled Thursday that Google’s ad-tech unit violates U.S. antitrust laws and creates an illegal monopoly. This marks the second antitrust ruling against the tech giant as a different court ruled in 2024 that Google abused its dominance of the online search market.

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Daily Caller EXCLUSIVE: Trump’s Broad Ban On Risky Gain-Of-Function Research Nears Completion

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From the Daily Caller News Foundation

By Emily Kopp

President Donald Trump could sign a sweeping executive order banning gain-of-function research — research that makes viruses more dangerous in the lab — as soon as May 6, according to a source who has worked with the National Security Council on the issue.

The executive order will take a broad strokes approach, banning research amplifying the infectivity or pathogenicity of any virulent and replicable pathogen, according to the source, who requested anonymity to speak candidly about the anticipated executive action. But significant unresolved issues remain, according to the source, including whether violators will be subject to criminal penalties as bioweaponeers.

The executive order is being steered by Gerald Parker, head of the White House Office of Pandemic Preparedness and Response Policy, which has been incorporated into the NSC. Parker did not respond to requests for comment.

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In the process of drafting the executive order, Parker has frozen out the federal agencies that have for years championed gain-of-function research and staved off regulation — chiefly Anthony Fauci’s former institute, the National Institute of Allergy and Infectious Diseases at the National Institutes of Health.

The latest policy guidance on gain-of-function research, unveiled under the Biden administration in 2024, was previously expected to go into effect May 6. According to a March 25 letter cosigned by the American Society for Microbiology, the Association for Biosafety and Biosecurity International, and Council on Governmental Relations, organizations that conduct pathogen research have not received direction from the NIH on that guidance — suggesting the executive order would supersede the May 6 deadline.

The 2024 guidance altered the scope of experiments subject to more rigorous review, but charged researchers, universities and funding agencies like NIH with its implementation, which critics say disincentivizes reporting. Many scientists say that researchers and NIH should not be the primary entities conducting cost–benefit analyses of pandemic virus studies. 

Parker previously served as the head of the National Science Advisory Board for Biosecurity (NSABB), a group of outside experts that advises NIH on biosecurity matters, and in that role recommended that Congress stand up a new government agency to advise on gain-of-function research. Former Centers for Disease Control and Prevention Director Robert Redfield has also endorsed moving gain-of-function research decision making out of the NIH to an independent commission.

“Given the well documented lapses in the NIH review process, policymakers should … remove final approval of any gain-of function research grants from NIH,” Redfield said in a February op-ed.

It remains to be seen whether the executive order will articulate carveouts for gain-of-function research without risks of harm such as research on non-replicative pseudoviruses, which can be used to study viral evolution without generating pandemic viruses.

It also remains to be seen whether the executive order will define “gain-of-function research” tightly enough to stand up to legal scrutiny should a violator be charged with a crime.

Risky research on coronaviruses funded by the NIH at the Wuhan Institute of Virology through the U.S. nonprofit EcoHealth Alliance typifies the loopholes in NIH’s existing regulatory framework, some biosecurity experts say.

Documents obtained through the Freedom of Information Act in 2023 indicated that EcoHealth Alliance President Peter Daszak submitted a proposal to the Pentagon in 2018 called “DEFUSE” describing gain-of-function experiments on viruses similar to SARS-CoV-2 but downplayed to his intended funder the fact that many of the tests would occur in Wuhan, China.

Daszak and EcoHealth were both debarred from federal funding in January 2025 but have faced no criminal charges.

“I don’t know that criminal penalties are necessary. But we do need more sticks in biosafety as well as carrots,” said a biosecurity expert who requested anonymity to avoid retribution from his employer for weighing in on the expected policy. “For instance, biosafety should be a part of tenure review and whether you get funding for future work.”

Some experts say that it is likely that the COVID-19 crisis was a lab-generated pandemic, and that without major policy changes it might not be the last one.

“Gain-of-function research on potential pandemic pathogens caused the COVID-19 pandemic, killing 20 million and costing $25 trillion,” said Richard Ebright, a Rutgers University microbiologist and longtime critic of high-risk virology, to the Daily Caller News Foundation. “If not stopped, gain-of-function research on potential pandemic pathogens likely will cause future lab-generated pandemics.”

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