Today’s headlines: Oil prices and AI stocks drop, permitting bill goals in flux, and more post-election news

This roundup of U.S. energy news headlines is part of our Canary Media Daily newsletter. Sign up to get it in your inbox each morning.

ELECTION

• Energy experts say starting the Iran war was one of the worst decisions President Donald Trump could’ve made if he really intended to bring down fuel prices like he promised early in his presidency. (New York Times)
• Democrats’ Texas sweep opens the possibility of passing environmental reforms targeting the oil and gas industry. (Inside Climate News)
• Some Democrats in Congress are pushing to delay consideration of the permitting bill, saying they could get more of their priorities into the legislation now that they’ve claimed a resounding majority. (Heatmap)

FINANCE

• Oil prices dropped yesterday in the wake of historic wins for Democrats that Vice President J.D. Vance and other Republicans have blamed on the Iran war. (Politico)
• AI stocks also sank on Wednesday after voters showed a resounding disapproval of the data center buildout, electing candidates who promised to rein in the facilities’ construction. (Politico, Politico)

OFFSHORE WIND

• Ørsted announces fully commercial operations at its Revolution Wind farm off Connecticut and Rhode Island, which the Trump administration is looking to reconsider a key permit for. (news release)

EFFICIENCY

• The quicker adoption of existing technologies and policies could dramatically improve the efficiency of the world’s buildings and significantly curb emissions, the International Energy Agency finds. (IEA)

GRID

• Experts say the Trump administration’s order allowing Energy Secretary Chris Wright to block the installation of foreign-made grid equipment risks stalling a much-needed transmission system buildout. (Utility Dive)
• Startup Nyquis raises $6.3 million in seed funding for its grid-monitoring technology that aims to track and report wildfire risks and other power system incidents. (Axios)