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.
Read More...The cognitive dissonance is strong. In a late Friday afternoon, holiday weekend news dump, the Biden administration, after months of delay, finally released its draft of the Outer Continental Shelf five-year offshore leasing program – but made no guarantees that when the plan is finalized it would actually include oil and natural gas lease sales.
Read More...The United States made history last month: For the first time ever, the European Union is getting more liquefied natural gas from the United States than the natural gas it receives from Russia via pipeline. European reliance on the United States for energy relief has increased ever since Russia’s invasion of Ukraine as many countries
Read More...For the first time in American history, the U.S. Interior Department has allowed the existing Outer Continental Shelf 5-year offshore leasing program to expire without having a new plan in place. In fact, the expiration date came and went without even a draft proposal ready for public and congressional review due to an “unexpected” delay.
Read More...If there was any doubt that the U.S. oil and natural gas industry is interested in investing in increasing production on federal lands, it was laid to rest this week: Seventy percent of parcels offered received bids resulting in nearly $22 million during the first onshore sales to take place since early January 2021. That
Read More...A new study from an anti-natural gas activist group is high on scare tactics around gas stoves but acknowledges it found low levels of volatile organic compounds (VOCs) and never assessed the actual risks, if any, to residents. The study, yet another published by authors from Physicians, Scientists and Engineers for Healthy Energy (PSEHE), a
Read More...Kayrros, a satellite data analytics firm, recently published research analyzing trends in methane emissions as observed from space. Kayrros’s report claims that U.S. methane emissions show a concerning “risk of significantly increasing” in 2022 following drops during COVID-19. Media coverage of the study drew broader conclusions. The Washington Post ran a story on the research
Read More...Oil and natural gas companies are expanding production activity at a robust pace despite supply chain disruptions and rising costs, according to the most recent Federal Reserve Bank of Dallas survey of energy executives. This quarter’s survey revealed that despite positive top-line numbers, oil and natural gas companies have to navigate several behind-the-scenes challenges to
Read More...In a letter to Interior Secretary Deb Haaland, a group of Democratic U.S. senators don’t appear to understand the purpose of the five-year outer continental shelf oil and natural gas leasing program that’s required by law. The senators, overwhelmingly representing states with no offshore oil and gas development, are lobbying the administration to leave out
Read More...Some Biden administration officials are coming forward to douse a healthy dose of reality on the rhetoric and mixed messages coming out of the White House that continues to blame U.S. companies for rising prices at the pump. During an American Clean Power Association forum on Wednesday, the director of the Energy Department’s Loan Programs
Read More...Democrats from oil producing states are pushing back against the Biden administration’s prospective proposal to reinstate the crude oil export ban as a hopeful solution to bring down the price of gasoline for American consumers. The letter, signed by Reps. Henry Cuellar (Tex.), Vicente Gonzalez (Tex.), Sylvia Garcia (Tex.), Lizzie Fletcher (Tex.), Tim Ryan (Ohio)
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