During this energy crisis, as American drivers continue to pay sky-high prices for gasoline, the Biden administration has continuously ignored the most obvious answer in the world: increase oil production in the United States. Instead, as demonstrated yet again on Wednesday, President Biden continues to put Americans under the boot of OPEC+, which announced that
Read More...Energy Sec. Jenifer Granholm once again met with the CEOs of major energy companies last week to discuss refinery capacity following Hurricane Ian. But in the middle of those conversations, the secretary yet again floated the idea of banning American crude oil exports – a move that would be detrimental on numerous fronts. As the
Read More...A new study authored by researchers at the University of Michigan is making headlines this week for its claims that the U.S. oil and natural gas industry is underestimating the efficacy of flaring, which would increase the amount of emissions estimated to occur from the process. However, there are several limitations to keep in mind
Read More...A newly released Rystad Energy study co-sponsored by the American Petroleum Institute (API) and the International Association of Oil and Gas producers (IOGP), concluded that U.S. LNG is the most viable and competitive solution for Europe’s natural gas demand in the long run. Europe’s concerns about energy security steadily increased this year amid tensions with
Read More...The U.S. Supreme Court may announce as soon as this week whether it will take up a key jurisdictional question in the climate litigation campaign, setting up the potential of a huge setback for lawsuit supporters. At issue is whether the climate lawsuit brought by the City and County of Boulder and the County of
Read More...With Hurricane Ian bearing down the Gulf Coast of Florida, President Joe Biden took the opportunity to once again push debunked claims of gasoline price gouging by the U.S. energy industry during a White House event on Wednesday. Biden said: “Do not — let me, repeat, do not — do not use this as an
Read More...The UK Government announced that it has lifted the moratorium on shale gas production in England. It also confirmed its support for a new oil and gas licensing round in the North Sea, expected to be launched by the North Sea Transition Authority in early October with the aim to boost domestic production. The lifting
Read More...Sen. Joe Manchin’s (D-WV) long-awaited permitting bill, the Energy Independence and Security Act of 2022, was dropped on Wednesday evening, and similar to the anticipation expected, is a mixed bag for the energy industry. Reminder: debate about permitting reform has accelerated in recent weeks following passing of the Inflation Reduction Act (IRA) when Sen. Joe
Read More...U.N. Secretary General Antonio Guterres wants energy companies to save the day, just before he puts them out of business. Secretary Guterres added to the chorus of mixed messages during his opening speech at the U.N. General Assembly, and at a time of remarkable political and economic instability – driven primarily by the global energy
Read More...A new report from the Breakthrough Institute examines future oil and natural gas demand through the lens of four decarbonization scenarios and the possible impacts climate policies and international politics might have on the industry. While the report emphasizes infrastructure deficiencies and the need for economic diversification in these future climate scenarios, it also makes
Read More...Responsible oil and natural gas production in the United States is under attack from “Keep It In The Ground” activist groups who are funded by foreign money and have published a deeply flawed report attempting to pressure private equity investors to divest assets from the energy sector. The report, dubbed the “Private Equity Climate Risks
Read More...The increased use of natural gas in power generation has grown significantly, while at the same time, carbon intensity has fallen, new data from the U.S. Energy Information Administration (EIA) shows: “From 2016 to 2020, the carbon intensity of U.S. power generation fell 18 percent, driven by a shift in the U.S. electricity generation mix
Read More...With the current energy crisis worsening, the United Kingdom and Europe are looking to winter with trepidation and an increased focus on building up energy inventories. LNG imports – particularly from the United States – are filling the gap for Europe’s immediate energy needs and storage demands ahead of the cold season, causing price increases
Read More...Last week, U.S. Energy Sec. Jennifer Granholm sent a letter to refining companies instructing them to limit fuel exports in anticipation of peak hurricane season and elevated domestic demand in the winter months. Sec. Granholm wrote: “Given the historic level of U.S. refined product exports, I again urge you to focus in the near term
Read More...The U.S. Energy Information Administration recently reported that daily U.S. electricity generation from natural gas hit a record in mid-July. Across the lower 48 states, natural gas fired power reached 6.37 million megawatt hours, surpassing the 2020 record and EIA’s short term outlook for natural gas-fired generation. Analyzing reasons for this growth, EIA wrote that
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