Politico’s recent energy newsletter echoed misleading claims often heard in the oil and natural gas industry that deserve a more thorough examination. The newsletter focused on the $369 billion climate bill signed into law by President Joe Biden that includes a tax on methane emissions, noting the significance this policy could have on mitigating greenhouse
Read More...An E&E News analysis of the U.S. Department of Interior‘s proposed 5-year National Outer Continental Shelf Oil and Gas Leasing Program finds that if the Biden administration followed through on its threats to reduce or eliminate offshore leasing, it would cause negative effects for consumers and American energy security. As E&E News writes: “The Biden
Read More...Claims that oil and natural gas producers are price gouging have been met with swift rebuttal from experts across the country, but that hasn’t stopped members of Congress from pushing this narrative. That includes what is being hailed as a “blockbuster” report this week – despite presenting no evidence to support such claims. Failing to
Read More...The U.S. Strategic Petroleum Reserve (SPR) hit historic lows this week as President Joe Biden continues to order a record release of barrels from the emergency stockpile. The SPR now sits at around 453 million barrels – the lowest level in 37 years. For perspective, the U.S. Energy Information Administration estimates that in 2021, the
Read More...The political fallout from the climate lawsuit filed by Minnesota Attorney General Keith Ellison in 2020 continues as the Minneapolis Star Tribune reports the case “has become a campaign issue” in the state’s attorney general’s race less than three months before Election Day “as Ellison defends his seat this year.” The coverage from the Star
Read More...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
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