Energy Source: Biden’s Clean Energy Plans to Make Texas Oil More Competitive

Joe Biden’s $1.9 trillion stimulus bill has passed. The news reinforces a floor beneath oil prices, with the U.S. benchmark edging close to $65/bbl after the vote in the House of Representatives.

Welcome back to Energy Source. Last year was brutal for Texas, which also just endured its worst electricity crisis in years. But the state is on the recovery path, reports Justin Jacobs, our Houston correspondent. That’s our first item.

Also in this edition of the Financial Times’ Energy Source newsletter: can LNG meet the demands of the energy transition? And we detail what stood out from Chevron’s investor day this week.

This post appeared first on Hart Energy.