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AM Briefing

Chris Wright: ‘There’s No Guarantee’ Gas Prices Will Come Down

On Revolution Wind, mineral refining, and German antinuclearism

Chris Wright and Donald Trump.
Heatmap Illustration/Getty Images

Current conditions: A megastorm is pummeling the Midwest with a blizzard and the Northeast with torrential rain that, in some places, will occur in intense bursts of more than an inch per hour • Triple-digit temperatures as high as 110 degrees Fahrenheit are coming for the Southwest in the next few days, weeks ahead of the historical norms • Days after a magnitude 6.3 earthquake hit Chile, a magnitude 5.3 tremor struck off the coast of El Salvador and Honduras.


THE TOP FIVE

1. Chris Wright: ‘There’s no guarantee’ gas prices will come down

Get ready to feel the pinch. With Iran promising to drive up the global cost of oil past $200 per barrel, U.S. Secretary of Energy Chris Wright issued a stark warning. During an appearance on ABC News’ This Week, the Trump administration’s energy chief urged Americans to prepare for belt-tightening. Gas prices have already risen $0.76 per gallon on average since the start of the war — and more than $0.51 just in the past week. GasBuddy said prices surged “at one of the fastest rates” in years. Prices may come down in the next few weeks, Wright added, but “there’s no guarantees in wars at all,” he said. “This is short-term pain to get through to a much better place.”

2. Revolution Wind has come online

Revolution Wind is on. On Friday, the 704-megawatt offshore wind farm started pumping electricity onto New England’s grid from off the coast of Rhode Island. As the turbine array neared completion, the Danish developer Orsted was forced into battle against the Trump administration’s attempts to yank permits from the project — and won repeatedly, as Heatmap’s Jael Holzman wrote. “Revolution Wind is adding affordable, reliable American-made energy to New England’s grid, helping to meet growing energy demand and lower consumer costs,” Amanda Dasch, Orsted’s chief development officer, said in a statement.

That same day, Vineyard Wind 1, the first phase of the project owned by Avangrid and Copenhagen Infrastructure Partners off the coast of Massachusetts, installed its final turbine, the New Bedford Light reported. “U.S. offshore wind continues to power forward,” the Oceantic Network, a pro-offshore wind nonprofit, said in a statement cheering the domestic offshore wind industry for “demonstrating its true potential every day.”

3. Energy Department puts up $500 million for refining critical minerals

The Department of Energy is offering up to $500 million in funding to companies that refine and recycle critical minerals. On Friday, the Office of Critical Minerals and Energy Innovation filed a notice of funding opportunity. The agency said it sent officials to Japan to meet with allies on critical minerals. “Critical minerals processing is a vital component of our nation’s critical minerals supply base,” Audrey Robertson, the assistant secretary of energy, said in a statement. “Boosting domestic production, including through recycling, will bolster national security and ensure the United States and our partners are prepared to meet the energy challenges of the 21st century.”

The Trump administration announced plans last month to build out a $12 billion mineral stockpile, as I wrote at the time. Reporting in the South China Morning Post last week suggested the U.S. could run out of key rare earths in just two months if China chose to completely cut off supplies. Add the U.S. government to the list of people covered under the headline Heatmap’s Katie Brigham put out last September: “Everybody wants to invest in critical mineral startups.”

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4. Trump approves a $5 billion oil drilling project in the Gulf

The Trump administration greenlit a $5 billion oil drilling project in ultradeep waters of the Gulf of Mexico despite what The New York Times described as “protests from Democrats and environmental activists who said the venture posed significant risks to wildlife and communities.” The project from BP would produce 80,000 barrels of oil per day from six wells starting in 2029 in an area of seafloor roughly 250 miles off the coast of Louisiana. Dubbed Kaskida, it would be the British energy giant’s second deepwater project in the Gulf since the Deepwater Horizon explosion in 2010 set off the worst oil spill in U.S. history.

Everything is bigger in West Texas.EIA

Natural gas production, meanwhile, hit a record in 2025, growing by 5.3 billion cubic feet per day, according to the latest analysis from the Energy Information Administration. Three regions — Appalachia, the Permian, and Haynesville in Louisiana — accounted for 67% of the total production increase and 81% of the growth.

5. Germany comes out against the EU’s nuclear plans

Germany regrets phasing out nuclear power. More than half the country now wishes the government hadn’t shut down the last nuclear power plants in 2023, polls show. Chancellor Friedrich Merz called the phaseout “a huge mistake” with “strategic consequences.” Ursula von der Leyen, the German politician who currently serves as president of the European Commission and the European Union’s figurehead, likewise described her native country’s atomic exit as “a strategic mistake.” Despite the rhetorical alignment, the government in Berlin is coming out against the EU’s nuclear expansion plans. In a statement last week, Federal Minister Carsten Schneider called nuclear reactors “high-risk technology” and said “setting up new reactors on a notable scale would require very large amounts of money that would then not be available elsewhere.” Rather, he said, “alternatives have long since been available,” such as wind and solar. “As far as Germany is concerned, instead of chasing a nuclear mirage, we will focus our resources on better, safer, and more economic alternatives,” he said. “Our country has become a much safer place thanks to our phase-out of nuclear power.” Soaring electricity prices and surging coal use suggests otherwise.

Switzerland, meanwhile, has not only halted its nuclear phaseout. Now the country is considering a bill that would allow construction of new reactors, NucNet reported.

THE KICKER

As the world gets hotter, it’s going to be raining men. Well, at least it might be for the reptilian versions of The Weather Girls, the singers behind the 1982 hit. American alligator eggs incubated around 86 degrees Fahrenheit tend to produce females, while temperatures near 91 degrees yields males. But the effects of temperature on squamates, the large and diverse group of reptiles that includes lizards and snakes, had been largely overlooked. New research on leopard geckos, which is set to be published in Developmental Biology by a group of Japanese scientists, found that about 79 degrees is the best temperature for females, while about 90 degrees leads to males. The study “contributes significantly to the broader understanding of the evolutionary plasticity and molecular complexity by which environmental cues direct biological fate,” Shinichi Miyagawa, Tokyo University of Science professor who authored the study, said in a press release.

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The IBEW logo.
Heatmap Illustration/Getty Images

Building trades want to build.

This desire for more and better big projects has meant that unions representing construction workers, utility linemen, operating engineers, plumbers, pipefitters, and so on have spent past decade-plus ping-ponging between praise and exasperation toward major Democratic priorities, especially when it comes to climate and energy policy.

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AM Briefing

Nuclear’s Near-Term Fix

On Indonesia’s climate win, hacking renewables, and John Cena’s ad

Google headquarters.
Heatmap Illustration/Getty Images

Current conditions: A tropical rainstorm in the southwestern Gulf of Mexico, likely strengthening into what would become Tropical Storm Isaias, is poised to dump rain on the southeastern United States and may become the Atlantic’s first major hurricane of the year • Italy is bracing for a type of heavy rainstorm known as a nubifragio, set to soak Naples and Rome later this week • The Dome Fire in Yosemite National Park has burned about 7,000 acres, and officials determined it was sparked by humans.


THE TOP FIVE

1. Google inks a deal to uprate 11 of Constellation’s nuclear reactors

If you can’t wait a decade or more for a new Westinghouse AP1000 or one of the small modular reactors under development, your best bet to get more nuclear electricity is probably to upgrade an existing reactor to squeeze more power out of it, a process known as “uprating.” In February, the Department of Energy gave out its largest-ever loan to Southern Company to fund up to 6 gigawatts of uprates across the utility’s nuclear fleet. Last week, Amazon inked a 20-year deal with Constellation, the nation’s largest operator of nuclear reactors, to buy power from and uprate the Calvert Cliffs plant in Maryland. Google has now signed a deal with Constellation aimed at wringing out 890 megawatts of new power from 11 reactors across PJM Interconnection, the nation’s second-largest and arguably most stressed grid system. Asked whether the uprates are a sufficient replacement for building new reactors, Raiford Smith, Google’s head of power and energy for the cloud, said there was plenty of demand to go around. “New data centers are coming on at a gigawatt a clip,” he told me yesterday. “That means even with all the uprates, there’s still more to come.” Software giant Oracle also announced a deal last week to buy $300 million of nuclear power from a NextEra nuclear plant in Wisconsin to help fund its increased fuel costs.

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Blue
Podcast

The Tesla Alum Trying to Turn GM Into an American Battery Juggernaut

Rob talks with the U.S. auto giant”s VP of batteries and sustainability, Kurt Kelty.

A Denali EV.
Heatmap Illustration/General Motors

There are two big trends in the American battery sector at the moment. The first is that the electric vehicle market is deteriorating. GM, for instance, sold just 25,000 EVs in the third quarter of this year. Ford sold 6,000 EVs. Even the long-awaited return of the Chevy Bolt sold just 8,000 units — a small fraction of the vehicle’s already-limited production run. At the same time, the data center boom and the return of electricity growth is boosting batteries of all kinds not designed to power EVs.

Our guest today is in charge of navigating those opposing trends and figuring out what comes next. Kurt Kelty started his career at Panasonic in 1993, where he led the company’s battery research lab. He then went on to Tesla, helping to build the first Gigafactory. Since February 2024, he’s been vice president of battery and sustainability at GM. We talked about manufacturing generally, how the U.S. battery manufacturing sector should look, and how companies should be structured to compete globally, even though they’re making batteries for a mostly U.S. audience.

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