US energy loan office should fund oil, gas, White House aide says

ReutersJun 10, 2025 5:12 PM

WASHINGTON, June 10 (Reuters) - The U.S. Energy Department's loan office should fund oil and gas infrastructure, a White House aide said on Tuesday.

"One of the big problems is, in the past the ... loan program office has been used for a lot of these renewable projects," Jarrod Agen, a deputy assistant to the president and executive director of National Energy Dominance Council said at a Politico conference on energy. The LPO grew rapidly under former President Joe Biden, thanks to legislation passed during his term, and has hundreds of billions of dollars in loan and loan guarantee capacity.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Microsoft Launches Its Own AI Models and Ditches OpenAI Dependence - Is MSFT Stock a Buy at $370?

Microsoft at $370 is a 17%-revenue-growth, 47%-margin, $625-billion-backlog business trading at a multi-year low valuation, because the market is scared of macro noise. The AI model releases this week prove the moat is deepening, not narrowing.

Geopolitical Headwinds Return: Bitcoin Retreats from $74K Resistance as US-Iran Talks Falter

U.S.-Iran negotiations have reached an impasse. Bitcoin prices retraced after an initial surge as the market awaits a new round of talks.

Anthropic IPO 2026: What the Claude Mythos Release Delay Means for Investors and Stock Valuation

Anthropic has delayed the launch of its new AI model, Claude Mythos, projecting a responsible image but potentially weighing on its IPO process.

Anthropic Moving Toward AI Chips for Claude—Is Nvidia Still a Buy in 2026?

TradingKey - Anthropic is considering making its own AI chips to help resolve issues with capacity and give Anthropic more influence over costs and timing of compute for Claude. This is happening around the same time that Amazon is reportedly looking at potentially selling more of its internal chips

What is the CLARITY Act? 2026 Guide to US Crypto Regulation and Stablecoin Yield Rules

The CLARITY Act is no longer just a "stand-alone bill"; it is the barometer for the future of American financial innovation. While the "smart money" is betting on a breakthrough this April, the path to the President's desk remains a "brutal slog." For the crypto industry, the next six weeks will det

Featured Tools