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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

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Current price of oil as of June 11, 2026

1

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 11, 2026
TechDonald Trump

Don’t Like Net Neutrality? Then You’re Going to Love Trump’s FCC Chief

By
Mathew Ingram
Mathew Ingram
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By
Mathew Ingram
Mathew Ingram
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January 24, 2017, 9:28 AM ET
Donald Trump Hold Campaign Rally In Orlando, Florida
Photo by Joe Raedle — Getty Images

For fans of net neutrality—that is, the principle that network providers shouldn’t discriminate between different kinds of content when delivering services to consumers—a nightmare scenario was that Donald Trump would name a Federal Communications Commission chairman who would gut the protection for neutrality. That scenario just came to pass with the appointment of Ajit Pai.

Pai, who was named to the position of chairman on Monday by the Trump administration, has been a member of the FCC since 2012. Thus, there is plenty of evidence available when it comes to his views on net neutrality—and he doesn’t like it at all.

In a speech in December after Trump won the election, Pai said he wanted to “take a weed whacker” to the FCC’s regulations. One of the things he had his sights set on was the FCC’s Open Internet Order, which was adopted in 2015. That decision made Internet providers “common carriers,” and required them to carry data without playing favorites.

Get Data Sheet, Fortune’s technology newsletter, where this essay originated.

The new FCC chairman has said that he believes net neutrality is “a solution that won’t work for a problem that doesn’t exist.” Pai has also said he hasn’t seen any evidence that consumers are disadvantaged by network providers discriminating between different content or services, and therefore such legislation isn’t necessary and harms small ISPs.

Pai voted against forcing digital service providers to beef up privacy protections. And he has spoken in favor of allowing cable and telco mergers, including the proposed Comcast-Time Warner deal in 2014, which was widely criticized before being struck down by the commission. Welcome to the Trump era of Internet regulation, everyone.

 

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