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Trump’s ambitious energy bet could be a winning hand as the world burns more oil, gas than ever
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The world consumed more energy than ever before in 2025, with fossil fuels still supplying the vast majority of global energy despite record growth in renewable power, according to a new report.
The findings come as President Donald Trump pushes to expand U.S. oil and gas production, arguing domestic energy is key to lowering prices, strengthening national security and boosting economic growth.
The Energy Institute’s 2026 Statistical Review of World Energy found oil, natural gas and coal accounted for 86% of global energy use last year, underscoring that despite years of investment in wind and solar power, the world continues to rely overwhelmingly on fossil fuels to power homes, businesses, transportation and industry.
Overall, the world consumed more energy than at any point on record.
President Donald Trump has made increasing U.S. oil and natural gas production a cornerstone of his economic agenda. (Roberto Schmidt/AFP/Getty Images)
GAS SURGE TIED TO IRAN CONFLICT HITS SWING STATES, TESTING TRUMP’S LOW-PRICE PITCH
The findings align with the Trump administration’s argument that expanding domestic oil and gas production is critical to lowering energy costs, strengthening U.S. energy security and fueling economic growth ahead of next year’s midterm elections, where both parties are expected to make the economy and inflation central campaign issues — but for very different reasons.
America’s dominant position in global energy markets was on full display in the report — and Trump is taking a victory lap.
«Even left-wing studies are finding that President Trump’s energy dominance agenda has been undeniably successful in unleashing reliable, affordable, and secure energy,» White House spokeswoman Taylor Rogers told Fox News Digital.
«Thanks to the President, U.S. oil, natural gas, and coal production has increased – which benefits American families and businesses by lowering prices, creating jobs, and strengthening our energy security,» she added. «America has abundant resources—President Trump is unleashing them.»
WHY THE STRAIT OF HORMUZ MATTERS AS TRUMP ISSUES FRESH ULTIMATUM TO IRAN
U.S. oil production reached a record 21.1 million barrels a day in 2025, nearly matching the combined output of Saudi Arabia and Russia. The U.S. also remained the world’s largest natural gas producer and the world’s leading exporter of petroleum products.
The report also comes as the conflict with Iran has renewed concerns about energy security and shipping through the Strait of Hormuz. Although its data predate the conflict, the report underscores how geopolitical tensions can threaten global energy supplies.
A satellite image shows the Strait of Hormuz, a key maritime passage connecting the Persian Gulf to the Gulf of Oman, vital for global energy supply. (Amanda Macias/Fox News Digital)
Few places are more important to global energy markets than the Strait of Hormuz.
About 20 million barrels of oil and one-fifth of the world’s liquefied natural gas pass through the waterway each day, along with shipments of gasoline, diesel and jet fuel.
Economist Steve Moore said the latest conflict illustrates why the U.S. should continue expanding domestic energy production.
«Every time we’ve had flare-ups in the Middle East, this has caused a lot of disruption to the energy markets,» he told Fox News Digital.
Moore said the conflict has once again exposed the world’s dependence on oil flowing through the Strait of Hormuz, putting upward pressure on energy prices.
BBQ LOVERS BEWARE: MIDDLE EAST CONFLICT MIGHT DISRUPT YOUR SUMMER PLANS THIS YEAR
An oil pumpjack operates in the Permian Basin in Texas. The Energy Institute’s latest global energy report found the U.S. maintained its position as a global energy powerhouse. (Sharon Steinmann/Bloomberg/Getty Images)
Heritage Foundation chief economist EJ Antoni said the conflict underscores the need for the U.S. to move beyond energy independence and embrace what Trump has called «energy dominance.»
«The Iran war has shown us it’s not simply enough for America to be pumping at current levels. America needs to be not just energy independent, but energy dominant,» Antoni told Fox News Digital.
He said the U.S. should continue expanding domestic energy production and refining capacity to strengthen its energy security.
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The White House has argued that increasing domestic oil and natural gas production will help shield Americans from geopolitical shocks while lowering energy costs, a key pillar of Trump’s broader economic agenda.
Read the full report here:
energy, global economy, politics, donald trump, war with iran
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Sen Bernie Moreno calls for ex-son-in-law to resign from House, get ‘serious psychological help’
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Unmoved by his former son-in-law’s X livestream denials Sunday, Sen. Bernie Moreno, R-Ohio, called on Rep. Max Miller, R-Ohio, to resign from Congress and seek «serious psychological help.»
«If there are any basic standards of character required to hold elected office, Max Miller fails them,» Moreno wrote in a lengthy statement on X. «He should not serve in the House of Representatives.»
It was a call repeated by Miller’s Democratic challenger in Ohio’s 7th Congressional District.
«No one credibly accused of holding a gun to his wife’s head and breaking their 2-year-old daughter’s collarbone belongs in the halls of power,» Brian Poindexter, the union ironworker and Brook Park city councilman, wrote in a statement Sunday.
GOP REP MAX MILLER PUSHES BACK AGAINST ABUSE ALLEGATIONS: ‘I HAVE NOTHING TO HIDE’
Sen. Bernie Moreno, R-Ohio, rejected Rep. Max Miller, R-Ohio, on his denials of daughter Emily Moreno’s allegations against his former son-in-law and called for him to resign from the House and seek ‘serious psychological help.’ (Chip Somodevilla/Getty Images)
Moreno delivered an even more blistering public rebuke an hour after Miller livestreamed a sweeping denial of domestic abuse allegations made by ex-wife Emily Moreno, the daughter of the senator.
«As he has admitted privately, Max Miller needs serious psychological help,» Moreno wrote. «He is a danger to my daughter, and I hold my breath every minute he has custody of my granddaughter.»
The aftermath of the couple’s divorce had been «pure hell» for his family, Moreno began.
«As a father and husband, I can tell you the last two years have been pure hell for my wife Bridget, our daughter Emily, me, and our entire family in the aftermath of Emily’s divorce,» Moreno wrote.
5TH ACCUSER COMES FORWARD AGAINST REP ERIC SWALWELL AHEAD OF EXPECTED RESIGNATION
Emily Moreno and Rep. Max Miller, R-Ohio, have gone through a difficult divorce that continues to rock their family, the 2026 midterm elections and divide the Republican Party. (Amanda Andrade-Rhoades/AP)
«It has been horrific to watch this play out in full public view, all while knowing an innocent two-year-old girl is caught in the middle. Our priority has always been protecting our daughter and our granddaughter.
«Out of concern for the safety of my family, I hoped to keep this matter private but Max Miller’s increasingly erratic and dangerous behavior has made that impossible.»
Miller has categorically denied abusing Emily Moreno or their daughter. In the livestream, he said no court or government agency had substantiated an allegation of abuse against him and that he had never faced a criminal charge related to the claims.
The congressman said child welfare investigations involving his daughter had been closed without findings against him. He also argued that the allegations emerged as the former couple’s custody battle intensified and accused his former wife of using them as leverage.
DEMOCRATS TARGET MORE GOP HOUSE SEATS AFTER SOCIALIST VICTORIES ROCK LEFT-WING PRIMARIES
Rep. Max Miller, R-Ohio, vowed to stay in the race Sunday, but the Republican Party might still pressure him to resign before Wednesday’s deadline so they can replace him before the November general election ballot deadline. (CQ-Roll Call, Inc via Getty Images)
Emily Moreno has accused Miller of physically assaulting and threatening her during their marriage, including allegedly holding a gun to her head. Questions have also been raised about how the couple’s daughter suffered a broken collarbone. Miller denies causing the injury and said his daughter was no longer in his care when it was discovered.
Miller also denied an allegation that he threw boiling water on his former wife, saying he sprayed her with water from a kitchen sink during what he described as horseplay.
«It is shameful that Max Miller decided to go on a bizarre and lie-filled rant about his ex-wife to desperately try to save his political career,» Emily Moreno spokesman Stefan Mychajliw wrote in a statement Sunday.
«There is a documented trove of evidence that Miller has a history of violent and dangerous behavior and no amount of victim shaming will change that.
«It is despicable and abhorrent that Miller lied on an unhinged and humiliating video for their daughter to watch one day.
«No loving parent would have ever used their daughter as a PR pawn to save their own political career. Miller can lie and spin on X, but he cannot do so under oath in a court of law. We are confident that justice will prevail in court.»
The extraordinary intervention from a sitting Republican senator adds pressure on Miller as a Wednesday deadline approaches for the party to replace him on the November ballot. Democrats have increasingly viewed the northeast Ohio district as a possible pickup opportunity amid the controversy.
Miller, a former advisor in President Donald Trump’s first administration who had Trump’s endorsement, insisted Sunday that he would remain the Republican nominee.
«I’m not dropping out of this race,» Miller said. «And I’ll win in November.»
politics, house of representatives politics, senate, republicans, mental health
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Mayor calls upscale restaurant bombing a ‘brutal terrorist act’ after 3 killed, 21 injured
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A bombing at an upscale restaurant in Moscow that killed three people and wounded at least 21 others on Saturday was a «brutal terrorist act,» according to the city’s mayor, who vowed to hunt down those responsible for the attack.
Moscow Mayor Sergei Sobyanin made the declaration Sunday, a day after the explosion tore through the Balzi Rossi Italian restaurant in the Russian capital.
«Yesterday, a brutal terrorist act was committed in Moscow that claimed human lives. The victims are currently in the city’s hospitals, where they are receiving all necessary care,» Sobyanin wrote on social media Sunday.
EXPLOSION AT RESTAURANT IN CENTRAL MOSCOW LEAVES THREE DEAD, MORE THAN A DOZEN INJURED
Police block an area near a deadly explosion at a restaurant in Moscow, Saturday, Aug. 1, 2026. (Sergei Vedyashkin/Moscow News Agency via AP)
He added investigators are working to identify those behind the attack and vowed they «will certainly be found and will face the punishment they deserve.»
Russian authorities have not identified any suspects, and no group had claimed responsibility as of Sunday.
Emergency vehicles are parked in an area near a deadly explosion at a restaurant in Moscow, Saturday, Aug. 1, 2026. (Sergei Vedyashkin/Moscow News Agency via AP)
Russia’s National Anti-Terrorism Committee said the blast was caused by a homemade explosive device. Russian state news agency RIA Novosti, citing local officials, reported that a woman carrying the bomb tried to enter the restaurant but was stopped by a security guard before it exploded.
The blast killed the woman, the security guard and a restaurant patron, RIA Novosti reported. At least 21 other people were injured in the explosion, which happened around 8 p.m. local time at the restaurant on Kudrinskaya Square.
UKRAINE UNLEASHES MORE THAN 400 DRONES NEAR MOSCOW IN ONE OF WAR’S BIGGEST ATTACKS
The restaurant was closed to the public Saturday night for a private event, according to its website and Russian state media.
Police block an area near a deadly explosion at a restaurant in Moscow, Saturday, Aug. 1, 2026. (Sergei Vedyashkin/Moscow News Agency via AP)
Video released by Russian state media showed heavily armed police officers, ambulances and other emergency vehicles outside the damaged restaurant as investigators examined the scene.
Earlier this year, Russia’s Federal Security Service, or FSB, said it would tighten security for senior military and government officials following a series of assassination attempts in Russian cities since the Kremlin launched its full-scale invasion of Ukraine in February 2022.
Russian authorities have not linked the restaurant bombing to those earlier attacks or to the war in Ukraine.
Fox News Digital’s Brie Stimson and The Associated Press contributed to this report.
russia, terrorism, bombings, crime world, world
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