Environmentalist groups have been trying to chip away at residential natural gas for several years with increasingly restrictive building codes and building decarbonization mandates. Now the campaign is taking a leaf out of the climate litigation playbook, turning to the courts to try to pressure utilities to reduce emissions by reducing the type of energy
Read More...The global energy crisis that’s forced natural gas prices in Europe to reach stratospheric highs is forcing Germany to reconsider the fracking ban it implemented in 2017, further highlighting the effort from EU nations to boost domestic energy sources, much like the United States has done over the past decade, which has brought incredible domestic
Read More...In an analysis piece for Bloomberg, columnist Matthew Yglesias highlights the environmental benefits of the American shale revolution, stating, “Natural Gas Is Better Than Many Environmentalists Admit.” In the piece, Yglesias pushes back against criticisms from “Keep It In The Ground” activists that have criticized the Inflation Reduction Act for moving ahead with the Mountain
Read More...Misguided claims of gasoline price gouging continue to bounce around Capitol Hill with the latest salvo coming from Energy & Commerce Committee Chairman Frank Pallone (D-N.J.) even though both Democratic and Republican-aligned economists, independent energy analysts, and the media have stated over and over again that no such practices exist. Citing the House Oversight investigation
Read More...After President Biden ignored invitations to see first-hand how hardworking Americans across the country produce, transport and supply energy from the well head to your home, choosing instead to visit Saudi Arabia and attempt to negotiate OPEC into increasing its oil production to lower U.S. energy prices, OPEC responded this week by announcing one of
Read More...Leading economists continue to shut down claims that a windfall profit tax on oil and natural gas producers would lower energy prices and ease inflation. Last week, domestic oil and natural gas companies reported record quarterly earnings, but as Energy In Depth noted, these financial results are the byproducts of high oil prices, which are
Read More...The Inflation Reduction Act that was dropped much to the surprise of just about everybody on Wednesday night is a mixed bag when it comes to provisions that could impact U.S. oil and natural gas development. At a time when record inflation is being largely driven by high energy prices and American consumers are paying
Read More...There have recently been renewed calls to re-impose a ban on crude oil exports in order to bring down domestic gasoline prices. But this would have the opposite effect as U.S. exports of crude oil save Americans money at the pump, reduce U.S. dependence on foreign oil, and create thousands of jobs at home, according
Read More...The United States officially took the title of the world’s top liquefied natural gas exporter in the first half of 2022, according to recent data from the U.S. Energy Information Administration. Amidst a global energy crisis that has seen countries across Europe look for alternative sources of energy, the United States exported an average of
Read More...This week, major oil and natural gas companies will announce what is expected to be record high earnings for the second quarter, just two years after experiencing historic losses, demonstrating yet again that the industry is defined by highs and lows that require big picture strategic planning to build a sustainable energy sector. The second
Read More...The Biden administration and progressive Democrats continue to march down the oil and natural gas supply chain, pointing fingers and placing blame for high gasoline prices – all while calling for increased domestic production. While the target of these accusations has shifted every few months, the mixed messages on U.S. oil and natural gas production
Read More...During a recent Senate Appropriations hearing, Interior Sec. Deb Haaland admitted that under her leadership, the Department of Interior does not consider rising energy costs in its decision making concerning the federal oil and natural gas program. Sen. Cindy Hyde-Smith (R-Miss.) asked Sec. Haaland directly if she was “aware that a no lease sale option
Read More...Energy exports from the United States are securing Europe’s energy future and will only continue to grow following the European Parliament’s vote to classify certain uses of natural gas as a green, or a climate-friendly, energy source, in its taxonomy of sustainable activities. The vote is a tidal shift in Europe’s view of natural gas,
Read More...White House National Security Adviser Jake Sullivan took to the podium on Monday to preview President Biden’s upcoming trip to Saudi Arabia, making it clear that the administration will continue to plead with OPEC to increase oil production amid high gasoline prices as part of the discussions. As Reuters reported: “Sullivan said members of the
Read More...The Biden White House has been under fire for months for making dubious claims about oil markets and why gasoline prices are so high. Here’s the latest example from White House Economic Advisor Heather Boushey, who couldn’t answer the very basic question from a Bloomberg reporter of who is advising the president on gasoline prices.
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