For Trump, energy wins at the pump come at a cost to US companies

Americans may be getting relief at the pump this year, but U.S. oil companies are feeling the squeeze, cutting jobs and scaling back investments. POLITICO’s Ben Lefebvre explains why these conflicting trends are happening and what they mean for President Donald Trump’s energy dominance agenda. Plus, a new study published shows that climate change will cost the European Union an estimated $50 billion this year. Josh Siegel is an energy reporter for POLITICO and the host of POLITICO Energy. Nirmal Mulaikal is the co-host and producer of POLITICO Energy. Alex Keeney is a senior audio producer at POLITICO. Ben Lefebvre is the deputy energy editor at POLITICO. Matt Daily is the energy editor for POLITICO. For more news on energy and the environment, subscribe to Power Switch, our free evening newsletter: https://www.politico.com/power-switch And for even deeper coverage and analysis, read our Morning Energy newsletter by subscribing to POLITICO Pro: https://subscriber.politicopro.com/newsletter-archive/morning-energy Our theme music is by Pran Bandi.