Why Trump's oil industry allies are facing a looming crunch

America’s oil industry is hitting record highs, but the boom may not last as production surges, demand stagnates and storage tanks around the world fill up. That slowdown could deliver a political double-edged sword for President Donald Trump: cheaper fuel for consumers, but trouble for his biggest ally. Ben Storrow from POLITICO’s E&E News explains why America’s oil producers are bracing for a bust and how this could impact the president politically. Plus, EPA began furloughing employees Thursday, according to agency staffers. Ben Storrow is a reporter for POLITICO’s E&E News. 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. Learn more about your ad choices. Visit megaphone.fm/adchoices