The data keep stacking up against tenuous “peak oil” claims. While the International Energy Agency forecasts that global oil demand will peak within the next decade, it also confirms that fossil fuels are necessary for the “secure operation of the overall energy system for many years to come.” Ahead of the anticipated update to its
Read More...The Biden administration has approved a record low number of new offshore oil wells, according to a new data analysis by E&E News, adding to a long list of antagonistic moves against the oil and gas industry. Analyzing data since the George W. Bush era, E&E News found that offshore permitting hit a 19-year low
Read More...Energy research firm Rystad Energy forecasts a need for “rapid growth” in natural gas supply in order to meet continuing global gas demand, even as the U.S. Energy Information Association (EIA) reports that the United States broke records in natural gas exports in the first six months of 2023. New Natural Gas Production Needed to
Read More...The wealthy national climate litigation campaign has its sights set on Pennsylvania, yet recent action shows this isn’t the only oil and gas producing state activists are targeting. New moves prove that the Buckeye State is also a target for the litigation-hungry – all while the industry helps to boost Ohio’s economy, provide good-paying jobs for thousands of
Read More...After delaying for more than a year, the Biden administration’s Department of Interior finally released its five-year program for federal offshore leasing – a plan that includes the lowest number of auctions in the program’s history – even as prices at the pump continue to rise. The plan is a stark difference from the typical
Read More...From Americans sent home without pay for an unknown amount of time to the shutdown of most government services, a federal shutdown could have far-reaching consequences across the country, including to our nation’s energy security. It’s no secret that under the Biden administration, there has been increased uncertainty for producers developing oil and natural gas
Read More...Two high-ranking lawmakers have announced a probe into plaintiffs’ law firm Sher Edling regarding who funds and supports the firm’s “barrage of lawsuits aimed at bankrupting oil and gas companies.” A letter from Senate Commerce Committee Ranking Member Ted Cruz (R-TX) and House Oversight Committee Chair James Comer (R-KY) to the San-Francisco based firm reads:
Read More...Serving as a guide for companies and policymakers who aim to reduce methane emissions throughout the energy supply chain, API’s newly released Methane Action Plan (“MAP”) creates a blueprint that builds on the industry’s existing actions to reduce emissions through programs like the Environmental Partnership. The plan outlines the need for effective methane regulation that
Read More...The Shale Revolution improved upon technologies the oil and natural gas industry had been using for decades and enabled a transition from energy scarcity to energy security, reduced emissions, lowered prices and helped entice manufacturing and other investments across the country. Despite this and more than a decade of evidence demonstrating the safety of fracking,
Read More...On Thursday, a U.S. District Court Judge in Louisiana barred the Department of Interior (DOI) from limiting acreage available to energy production in its upcoming offshore oil lease sale, which is scheduled to take place on September 27th. The decision was a blow to activists and the Biden administration, who hoped to restrict oil drilling
Read More...On Tuesday, members of Congress grilled the Bureau of Land Management over “the Biden Administration’s Mismanagement of the Federal Onshore Oil and Gas Program,” and heard from stakeholders with a vested interest in responsible federal land development, from tribal leaders to local elected officials. During Tuesday’s House Natural Resources subcommittee hearing, recent efforts from the
Read More...Four years after the climate lawsuit pushed by the New York Attorney General’s office was dealt a comprehensive defeat, California is putting forward its own case based on the same debunked theory that completely fell apart for Eric Schneiderman all those years ago – ironically, on New York’s turf and apparently ignorant that the Empire
Read More...In a wide-ranging, nearly four-hour hearing this Wednesday, members of the House Committee on Oversight and Reform took a deep dive into the shadowy third-party litigation financing industry and the ethical issues that arise when well-funded activists manipulate the civil justice system. While some members of the Committee framed this potentially ethically-challenged financing method as providing
Read More...The U.S. oil and natural gas industry continues to drive methane reductions across the supply chain, making progress across key performance categories even as production increased, according to data released by the Environmental Partnership in their fifth annual report. The Partnership, a voluntary initiative representing nearly 70 percent of U.S. onshore oil and gas operations,
Read More...This Wednesday, the U.S. House Committee on Oversight and Accountability will hold a hearing to shine a light on the lack of oversight and ethics rules that allow billionaires to push political agendas through the civil justice system with little to no transparency. For a case study of how shadowy nonprofits and foreign billionaires influence litigation, and
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