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
Read More...For decades, the natural gas industry has addressed customer demand for increased energy efficiency by incorporating incentives and partnering with the federal government. The resulting improvements have been a benefit to consumers, who want to save on their energy bills, and for businesses worried about their carbon emissions. The Department of Energy (DOE) should review
Read More...Communities and states across the country are analyzing the best paths forward to lower emissions, while ensuring consumers have access to affordable, reliable energy. In Illinois, lawmakers came together and showed strong, bipartisan support for natural gas as a part of that future amid policies that would transition the state away from fossil fuels. At
Read More...During the 2020 presidential campaign, then-candidate Joe Biden said that if elected he would “phase out fossil fuels.” Just hours after being sworn in, his administration began to make good on that promise, issuing executive and secretarial orders to curtail domestic production. Today, the United States is importing increasing volumes of oil from Russia while
Read More...The U.S. Interior Department is soon expected to release its review of the federal oil and natural gas leasing program that was prompted by President Biden’s Executive Order 14008 which banned new leasing while the review was conducted. Two weeks ago, in response to a lawsuit filed by 13 states, a federal judge in Louisiana
Read More...Affordable natural gas has already helped the United States dramatically lower greenhouse gas emissions and the nation should continue exporting the fuel to help allies around the world meet their own climate goals, according to former Energy Secretaries Ernest Moniz and Dan Brouillette. Speaking at a recent forum, the two former secretaries – one Democratic
Read More...It’s been two weeks since a federal judge ruled that the Biden administration’s ban on oil and natural gas leasing on federal lands (or “pause” as the White House describes it) is illegal, but the Interior Department has still not indicated when leasing will resume. Now the pressure is building for the department to give
Read More...Hey, they said it. A group of academics – who are outspoken supporters of the climate litigation campaign – released a report this week that admits that the climate attribution science currently being deployed by plaintiffs attorneys has serious flaws. The report states: “We find that the evidence submitted and referenced in these cases lags
Read More...The construction of a major pipeline replacement project that would carry crude from Canadian oilfields to a refinery in Wisconsin got a major boost on Thursday from the Biden Administration. According to the New York Times, the administration is siding with a prior permitting decision by the Army Corps of Engineers: “Mr. Biden could still
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