A top Democratic senator wants to increase taxes on American oil companies despite gasoline prices recently hitting a record high of $5 per gallon. It continues the mixed messages from President Biden, top administration officials, and congressional Democrats who have all vowed to bring down prices at the pump but are proposing policies that would
Read More...Coming off a U.S. Supreme Court win last year, energy companies have once again petitioned the high court to resolve a key jurisdictional issue in the climate litigation campaign, this time citing the lawsuit filed by the City and County of Boulder and the County of San Miguel, which has struggled to build local support
Read More...If you’re scratching your chin over U.S. energy policy these days, you aren’t alone. The Biden administration has been sending mixed signals for months over how it will shape the future of domestic energy production and consumption. And nowhere has that been more obvious or confusing than in the administration’s rhetoric and actions on oil
Read More...Transportation Secretary Pete Buttigieg became the latest Biden administration official to display a stunning lack of awareness around how the oil and natural gas markets work during an interview Sunday on ABC News “This Week.” When program host George Stephanopoulos asked Buttigieg about the national average price for a gallon of gasoline quickly approaching $5
Read More...The Washington Post is calling the White House to task for President Biden’s fantastical claim that his plan to fight inflation and reduce energy costs would save families $500 in annual utility savings. The Washington Post rated the claim at four Pinocchios – a score that goes beyond “significant factual error.” Whoops President Biden cites
Read More...The Oil and Gas Threat Map, a newly launched interactive map from two anti-fracking activist organizations, simply rehashes flawed research in an updated format. The map, a product of Earthworks and the FracTracker Alliance, is a virtual tool with a dynamic user interface that purports to map out “threat zones” around the country where the
Read More...With gasoline prices soaring, the Biden administration is scrambling to find a way to give Americans some relief at the pump—including bringing back a ban on crude oil exports. But banning exports of American energy would do little to lower gasoline prices and could even cause prices to increase in the long run. Speaking to
Read More...In an odd turn of events this week, President Biden appeared to do a complete 180 from the previously stated White House position that the administration is using every tool in its toolbox to encourage increased U.S. oil production, as a tool to lower the price at the pump. Let’s hear the president’s seemingly new
Read More...It’s only been a few short years since the United States demonstrated that it can compete in the global oil market, and in fact, quite literally drilled its way to lower gasoline prices. Yet, with gasoline prices once again on the rise, the Biden administration continues to look beyond U.S. borders to OPEC+ to solve
Read More...There is an important and continued role for oil and natural gas parallel to the world implementing policies to increase renewable energy consumption, according to the Energy Information Administration’s 2021 International Energy Outlook. In fact, in its latest IEO, the EIA projects oil and natural gas will represent close to 50 percent of primary global
Read More...American LNG exports to Europe are all the more essential since dwindling natural gas stockpiles and lower-than-anticipated wind generation have caused energy prices to spike. Energy prices in Europe and the United Kingdom are surging in the wake of a shortage of natural gas and have reached levels not seen in a decade. This has
Read More...The Institute for Energy Economics and Financial Analysis (IEEFA) recently published a report on a new liquefied natural gas facility near Lake Charles, LA. But the report’s claims are based on assumptions about the LNG market that are categorically unreliable and unsupported by recent data on U.S. and global LNG trends. IEEFA, which draws its
Read More...Natural gas is supporting Europe’s energy transition and plan for a low carbon future. Today, natural gas supplies over 20 percent of the continent’s energy mix and is expected to remain integral to regional energy planning with the buildup of pipeline and liquified natural gas (LNG) infrastructure. U.S. LNG exports to Europe will continue to
Read More...Despite a drop in global energy demand due to COVID-19, natural gas emerged from the pandemic in a position of strength, according to BP’s recently released 2021 Statistical Review. As the report explains, global primary energy demand fell by 4.5 percent in 2020 – the largest decline since World War II. Yet, natural gas performed
Read More...There has been much discussion over the last decade about the additives used in hydraulic fracturing (or fracking) fluid and even greater dialogue around the disclosure of them. On both fronts, the industry has delivered in the name of transparency and accountability. The oil and gas industry has worked alongside the Ground Water Protection Council
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