In the news today: Donald Trump is looking to establish American 'energy dominance'; US budget airline struggles might mean fewer choices for travelers; and China’s aging population is fueling a ‘silver economy’ boom. Also, elevate your Thanksgiving leftovers with a recipe for turkey Reuben sandwiches. |
An American flag flies off the tip of a crane by an oil rig near the Double Eagle Energy Oil Rig, Midland, Texas. (AP Photo/Tony Gutierrez)
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Donald Trump’s call for ‘energy dominance’ is likely to run into real-world limits
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President-elect Donald Trump is set to create a National Energy Council that he says will establish American “energy dominance” as he seeks to boost U.S. oil and gas drilling and move away from President Joe Biden’s focus on climate change. The new council will have sweeping authority over federal agencies involved in energy permitting, production, distribution, and regulation, with a mandate to cut bureaucratic red tape. Read more.
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The president-elect’s energy wishes are likely to run into real-world limits. For one, U.S. oil production under Biden is already at record levels. The federal government cannot force companies to drill for more oil, and production increases could lower prices and reduce profits.
Trump has played down risks from climate change and pledged to rescind unspent money in the Inflation Reduction Act, Biden’s landmark climate and health care bill. He also said he will stop offshore wind development when he returns to the White House in January. Even so, his Nov. 15 announcement of the energy council says he will “expand ALL forms of energy production to grow our economy and create good-paying jobs.”
- Trump has promised to bring gasoline prices below $2 a gallon, but experts call that highly unlikely. Trump’s bid to boost oil supplies — and lower U.S. prices — is complicated by his threat to impose 25% import tariffs on two of the largest sources of U.S. oil imports, Canada and Mexico. The oil industry warned the tariffs could raise prices and even harm national security.
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US budget airlines are struggling. Will pursuing premium passengers solve their problems?
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Delta and United have become the most profitable U.S. airlines by targeting premium customers while also winning back a significant share of travelers on a tight budget. That is squeezing smaller low-fare carriers like Spirit Airlines, which filed for bankruptcy protection, and some travel-industry experts think Spirit’s troubles indicate fewer choices and higher prices for travelers on a budget. Read more.
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Low-cost airlines are responding by following the old adage that if you can’t beat them, join them. That means going premium. Frontier Airlines organized its fares into four bundles in May, with buyers of higher-priced tickets getting extras like priority boarding, more legroom, and checked bags. Spirit followed in August with similar changes, blocking middle seats and charging passengers more for the comfort of aisle and window seats. Perhaps the biggest change will come next year at Southwest Airlines when it ends a half-century tradition of “open seating” — passengers picking their own seat after boarding the plane.
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For the first time, France’s Macron calls 1944 killings of West African troops by French army a massacre |
French President Emmanuel Macron on Thursday for the first time recognized the killing of West African soldiers by the French Army in 1944 as a massacre in a letter addressed to the Senegalese authorities. Read more. |
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Macron’s move, on the eve of the 80th anniversary of the World War II killings in Thiaroye,on the outskirts of the Senegalese capital of Dakar, comes as France’s influence is declining in the region, with Paris losing its sway in the former French colonies in West Africa.
The letter comes weeks after the Senegalese legislative elections, in which the ruling party PASTEF secured a definite majority. The win granted newly elected President Bassirou Diomaye Faye a clear mandate to carry out reforms which include more economic independence from foreign companies, including French ones, which are heavily invested in the country.
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France still has around 350 troops in its former colony, mainly in a supportive role. Asked about the presence of French forces, Faye alluded that it would not be something Senegal would want.
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Turkey Reuben sandwiches. (Katie Workman via AP)
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Elevate Thanksgiving leftovers with a turkey Reuben sandwich
A classic Reuben sandwich is made with corned beef, Russian or Thousand Island dressing, Swiss cheese, and sauerkraut on rye bread. But this version made with turkey hits all of the notes and is one of the best uses of post-Thanksgiving leftover turkey. |
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