The Trump administration: A Platts news and analysis feature
Compiled from staff reports by Meghan Gordon
Published online 20 March 2017
A slew of policy proposals under US President Donald Trump could impact the markets S&P Global Platts covers. Below are some key initiatives:
Trump's fiscal 2018 budget proposed a $54 billion increase in defense spending to be offset by dramatic cuts across the government. The document is the start of negotiations with Congress expected to stretch much of the year.
Analysis continues below...
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Trump scrapped an Obama-era midterm review of the 2022-2025 auto fuel economy standards and may weaken them after a new review, which is expected to take a year.
Ethanol RINs for 2017 compliance have fallen 19% since word leaked of a deal between the Renewable Fuels Association and White House adviser Carl Icahn to move the Renewable Fuel Standard's point of obligation from refiners and importers to blenders at the wholesale rack. The White House said no plan is in the works, but the sustained RIN weakness reflects widespread expectations of RFS changes ahead.
At least 18 sales of a combined 124 million SPR barrels are planned through fiscal 2026.
Eight bipartisan senators introduced a bill that would cap annual fees the Nuclear Regulatory Commission charges reactor operators and would require the agency to develop a streamlined process for licensing advanced reactors. It would increase accountability in NRC fee-setting and would limit the amount of surplus uranium DOE could release annually into markets.