Only a month into 2024, all signs point to this year being particularly consequential for the future of U.S oil and natural gas. On one hand, the International Energy Agency’s latest industry report projected increased global natural gas demand in 2024. At the same time, President Biden’s decision to pause LNG exports approvals has created
Read More...President Biden’s LNG pause has amassed a range of negative reactions and concerns from across the political spectrum. In a House Subcommittee on Energy, Climate, and Grid Security hearing this week, members from both sides of the aisle agreed that Biden’s decision, directly and indirectly, affects the U.S. economy, energy security, global emissions reduction goals,
Read More...U.S. LNG has been a hot button topic in recent weeks as the Biden administration announced it would be reassessing the Department of Energy’s LNG permit approval process last week, followed on Friday with an announcement that it is temporarily pausing pending decisions on LNG exports to non-FTA countries. While the administration is publicly describing
Read More...Election season is approaching, prices at the pump are rising, and just like clockwork, Rep. Ro Khanna (D-CA) is pushing for his proposed windfall profit tax, again. Yesterday, Rep. Khanna tweeted: Big Oil is making empty climate pledges. Congress must step up and pass my windfall tax on fossil fuel companies to rein in their
Read More...Leading national media outlets just aren’t buying the spin from top Biden administration officials and Congressional Democrats on gasoline prices that recently hit a record high of $5 per gallon. This past week, Energy Secretary Jennifer Granholm and Rep. Ro Khanna (D-Calif.) were both called out by major cable TV hosts on their mixed messages
Read More...